Knip, a Berlin, Germany- and Zurich, Switzerland-based digital insurance management platform, raised nearly €14m in venture capital funding.
The round was led by US Route 66 Ventures, with participation from Creathor Venture (Germany) and QED Investors (USA) as well as existing investors Orange Growth Capital (the Netherlands) and Redalpine (Switzerland). In conjunction with the funding, Pascal Bouvier of Route 66 will join Knip’s board.
The company intends to use the funds to continue to enhance app development, optimize processes and enhance real-time communication with the customer.
Led by Dennis Just and Christina Kehl, Knip AG acts as a mobile insurance manager which allows users to manage their policies via their smartphones and get an overview of contracts, premium payments and deadlines. On request, insurance experts can advise on all aspects of insurance, analyze existing tariffs and services and recognize individual savings potential and optimization possibilities.
The app is available for Android and iOS in Germany and Switzerland.