Exclusive: Clark establishes holding structure

According to information from Startbase, the insurtech has founded an SE (Societas Europaea). This could be a sign of an IPO, but CEO Christopher Oster denies the rumors.

Insurtech Clark founded a new holding structure on March 04, under which the startup presumably wants to bundle its previous business activities. Officially registered in the commercial register, the start-up has an SE, which is the abbreviation for Societas Europaea. This is a European legal form for stock corporations, for example, to bundle activities in different countries.

According to the official entry, Clark Holding SE has registered as purpose the management of the Clark group of companies and the holding of investments. The Clark team has used the previous business address in Frankfurt as the location. The new legal form gives Clark the opportunity to go public. Unlike an AG, however, this does not necessarily require a supervisory board and a management board, which is why younger companies in particular like to choose this form of stock corporation. Christopher Oster, CEO and co-founder of Clarke told Startbase, however, that his startup is not currently planning an IPO. "An IPO is one of several ways for startups and scaleups to raise capital. Clark is not currently planning an IPO," he said.

Most recently, the insurtech has been riding a wave of success. For example, the startup acquired Allianz X's Finance Group, which elevated it to unicorn status in terms of valuation. At the same time, Allianz X also bought into Clark and became the largest minority shareholder in one fell swoop. At the end of 2021, the next good news: Clark closed the year as a record year. Despite the Corona crisis, the insurtech doubled its customer base.

Christopher Oster, Steffen Glomb, Marco Adelt and Chris Lodde founded Clark in Frankfurt in 2015. The insurtech offers an insurance manager. In addition to various locations in Germany, Clark is also represented in Vienna.