The insurance management platform, backed by ProSiebenSat.1 and Axel Springer at series A stage, has now raised $45m altogether.

Clark, the Germany-based insurance robo-advisor developer backed by media groups ProSiebenSat.1 and Axel Springer, completed a $29m series B round today that increased its total funding to $45m.

The round was co-led by venture capital firm White Star Capital and Portag3 Ventures, the firm sponsored by financial services providers Power Financial and IGM Financial, and insurance holding company Great West-Lifeco.

Investment firm Kulczyk Investments and VC firms Coparion and Yabeo Capital, all of which are existing investors in Clark, also…