Knip

insurtechaggregators / policy management

STATUS: Acquired/Merged
FOUNDING YEAR: 2013
LOCATION: Switzerland
Last Update: 08/09/2020

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About

Knip is an innovative digital insurance manager that gives users an easy to understand overview and analysis of existing insurance policies, tariffs and services.

MEDICI Analysis

Knip is an innovative digital insurance manager that gives users an easy-to-understand overview and analysis of existing insurance policies, tariffs and services. It helps users to manage and optimize their insurance policies. It offers information about insurance, fintech & startups to the users. It is available for both iOS and Android users. It is also a comparison platform that enables users to compare between various health insurance products.

Focus

PRODUCTS & SERVICES

To manage Insurance policies & tariffs on mobile app. Users can get an overview of all their policies, from household items to cars through the mobile app. They can also avail for expert insurance advice at any time.

REVENUE MODEL

Company earns revenue by collecting commission and management fee from insurance companies.

EXISTING PARTNERSHIPS

In June 2017

Knip have completed a merger with komparu to create "the digital insurance group" and post-merger its platform will be serving a third of the nearly 1.1 trillion euro European insurance market. Knip app has 400,000+ downloads.

PRIMARY PROBLEM SOLVED

The app makes it easy for users to track all their insurance policies, premiums, and benefits.

COMMENT

The app gives its users an overview of existing insurance policies, tariffs and services, as well as automatically analyses their insurance coverage to spot any potential gaps and provide recommendations on how to improve individual insurance protection.

Traction

VALUATION / MARKET CAP:

$103.1 M in 2015

People

BOARD MEMBERS AND ADVISORS

Reinier Musters

Radboud Vlaar

Alex Stockl

NUMBER OF EMPLOYEES

51-200

INVESTORS:

Creathor Venture

Creathor Ventures

Finch Capital

Nils Reimelt

Orange Growth Capital (OGC)

QED Investors

Redalpine

Redalpine Venture Partners

Route 66 Ventures

Tim Ringel

KEY EMPLOYEES:

Dennis Just

Christina Kehl

COMMENT:

Dennis Just is the co-founder,CEO of Knip. He invented,expanded the "digital insurance broker" as new field of insurance business. He also grew Knip to 120 FTE, 50+ mio EUR policy volume,raised 20+ mio EUR to drive the vision

Momentum

FUNDED

YES

TOTAL FUNDING

$15.7 M

DATE OF LAST FUNDING

Oct 2015

SEED CLOSED ON

Mar 2014

FUNDING SERIES

SERIES A  · ---  · Oct 2014

SERIES B  · $15.7 M  · Oct 2015

LISTED

NO

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Knip

About

Knip is an innovative digital insurance manager that gives users an easy to understand overview and analysis of existing insurance policies, tariffs and services.

Focus

PRODUCTS & SERVICES

To manage Insurance policies & tarrifs on mobile app

REVENUE MODEL

Company earns revenue by collecting commission and management fee from insurance companies.

TOP PROBLEM SOLVED

The app makes it easy for users to track all their insurance policies, premiums, and benefits.

Traction

LIVE USERS/TRANSACTIONS:

No live users/transaction yet

People

BOARD MEMBERS AND ADVISORS:

Reinier Musters, Alex Stockl, Radboud Vlaar

INVESTORS:

Creathor Venture

Nils Reimelt

Orange Growth Capital (OGC)

QED Investors

Redalpine Venture Partners

Route 66 Ventures

Tim Ringel

Momentum

FUNDED

YES

TOTAL FUNDING:

$15.57 M

LISTED

NO

FUNDING SERIES

SERIES B  · $15.57 M  · ---