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New Deal


Announced

Completed

Tencent led a €69m Series C funding round in Clark.

Financials

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Transaction Value£62m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Germany

insurtech

Acquisition

Insurance Brokers

Single Bidder

Friendly

Private

Minority

Cross Border

Completed

Venture Capital

Private Equity

Synopsis

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Tencent, a Chinese technology company, led a €69m ($84m) Series C funding round in Clark, a Frankfurt-based insurtech startup. The round was joined by Portag3 Ventures, White Star Capital and Yabeo. "We are thrilled to be able to grow even faster with Tencent's help in achieving our goal of becoming the largest consumer insurance broker in Europe," Christopher Oster, CLARK CEO and Co-Founder.

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