What is Knip?
Knip operates as a mobile insurance manager, designed to centralize customers' insurance products into a single application. The platform provides a clear overview of existing policies, tariffs, and services, allowing users to access full policy details with a single click. Following an automated analysis of a customer's insurance coverage, Knip offers recommendations for improving individual protection. The company was founded in September 2013 by Dennis Just and Christina Kehl, and as of October 2015, it had a team of 80 employees across Zurich, Berlin, and Belgrade. Knip's service is free for users and available on iOS and Android in Germany and Switzerland. The company emphasizes independent consultancy, as its advisors do not receive commissions, ensuring unbiased advice on insurance, tariff analysis, and potential savings. Users can also manage policy changes, including concluding new contracts and canceling existing ones, directly through the app.
How much funding has Knip raised?
Knip has raised a total of $15.7M across 1 funding round:
Series B
$15.7M
Series B (2015): $15.7M with participation from QED Investors, Creathor Venture Management, Orange Growth Capital, Route 66 Ventures, and Redalpine Capital
Key Investors in Knip
QED Investors
QED Investors is a venture capital firm focused on early-stage, disruptive financial services companies, known for its hands-on approach to fostering growth.
Creathor Venture Management
Creathor Ventures invests in technology-oriented companies driving personalization and digitalization in healthcare and automation in industry.
Orange Growth Capital
Orange Growth Capital is a Financial Technology Investment firm that invests in high-growth companies, primarily in EMEA and Asia, supporting their scaling and monetization.
What's next for Knip?
The substantial enterprise-level backing and recent strategic investment position Knip for accelerated scaling and market expansion. With a focus on digitalization and user-centricity in the insurance sector, the company is poised to further enhance its platform's capabilities and reach. Future developments will likely involve expanding its service offerings, potentially integrating more advanced analytics for personalized insurance recommendations, and broadening its geographical footprint. The ongoing support from venture capital investors suggests a strategic roadmap focused on solidifying its market leadership and driving innovation in insurtech.
See full Knip company page
