2021 Gave Frankfurt its First Unicorn Startup
- Juan Diego Parra Castillo
- 2 days ago
- 4 min read
This blog post first appeared first on old medium publication (https://medium.com/startuprad-io), and was moved to this blog with the relaunch of our website in summer 2024.
This article is part of our coverage of Startuprad.io Knowledge Graph: The DACH Startup Ecosystem.
Executive Summary
This blog post first appeared first on old medium publication (https://medium.
Startuprad.
The transaction that made Clark a unicorn is very complex.
You can listen to the interviews by Startuprad.
There is also here the interview with the CEO and Founder Christopher via Startuprad.
About This Data
2021 Gave Frankfurt its First Unicorn Startup Startuprad.io brings you independent coverage of the key developments shaping the startup and venture capital landscape across Germany, Austria, and Switzerland.
This article is part of Startuprad.io's exclusive Rhine-Main Venture Capital Report series — the only continuous, independent tracking of startup venture funding in the Greater Frankfurt/Rhine-Main region. This dataset is not available from any other source and represents years of original research covering every disclosed funding round in the region from 2018 through 2022. The series provides unparalleled granularity on deal sizes, sectors, and trends in one of Germany's most important but historically underreported startup ecosystems.
Frankfurt am Main, via Pixabay
New Blog
This blog post first appeared first on old medium publication (https://medium.com/startuprad-io), and was moved to this blog with the relaunch of our website in summer 2024.
Startuprad.io posted about this, as it happened, and later reposted it on Medium (https://medium.com/@startuprad_io/frankfurt-has-its-first-unicorn-startup-e009a28ed7c5). The insurance broker Clark became in 2021 the first unicorn. Clark is a classical insurtech startup of the first generation in Germany, which allows management and comparing of insurance policies on its app for retail clients. Of course, the clients are assisted by algorithms.
The transaction that made Clark a unicorn is very complex. It apparently involved a share transaction, buying finanzen.de from Allianz insurance. They dealt directly with their venture arm called Allianz X. The transaction in total valued the newly combined company at more than 1 bn US$ ( ~880 mn Euros). Some news outlets also spoke of an investment of existing VCs along with the transaction.
You can listen to the interviews by Startuprad.io here. One from 2017, where they have just been selected by Bloomberg as one of the “50 most promising startups you have never heard of”.
There is also here the interview with the CEO and Founder Christopher via Startuprad.io as an audio or video interview.
Rhine-Main Venture Capital Report Series (Chronological)
Browse the complete series tracking venture funding in the Greater Frankfurt/Rhine-Main region:
Key Takeaways
The transaction that made Clark a unicorn is very complex.
This article covers a significant development in the DACH startup and venture capital ecosystem.
The DACH region (Germany, Austria, Switzerland) continues to be one of Europe's most dynamic startup markets.
Frequently Asked Questions
What are the key facts about 2021 Gave Frankfurt First Unicorn?
This blog post first appeared first on old medium publication (https://medium.com/startuprad-io), and was moved to this blog with the relaunch of our website in summer 2024.
How does this affect the German startup ecosystem?
This article is part of our coverage of Startuprad.io Knowledge Graph: The DACH Startup Ecosystem.
What are the latest startup funding trends in the DACH region?
Startuprad.io tracks venture capital and startup funding across Germany, Austria, and Switzerland. Explore our pillar coverage pages for the latest data.
Rhine-Main Startup Ecosystem Series
Explore the full Greater Frankfurt/Rhine-Main startup venture capital data series and related coverage from Startuprad.io:
Venture Capital Reports (Chronological)
Related Rhine-Main Coverage
About the Host
Joern "Joe" Menninger is the host of the Startuprad.io podcast and covers founders, investors, and policy developments across the DACH startup ecosystem. Through more than 1,300 interviews and nearly a decade of reporting, he documents the evolution of the European startup landscape. Follow Joern on LinkedIn.
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