Creathor backs Knip’s $15.7m series-B

Orange Growth Capital and Redalpine also injected capital as part of the deal. The fresh funds will be used to further develop the app's technology and to improve interaction with the customer.

The closing comes a few days after GetSafe, a startup with a similar business model, raised an undisclosed sum from CommerzVentures and other investors.

Creathor invests in every growth stage of a business with up to €3m per financing round and up to €10m per company. The VC's sector focus includes IT, software, internet, mobile, IT infrastructure and new technologies, as well as the life sciences sector.

Previous funding
Orange Growth and Redalpine invested an undisclosed sum in Knip's series-A round in October 2014.

Company
Founded in 2013 and based in Zurich, Knip is a mobile insurance manager. Its overview shows existing insurance policies, tariffs and services. It analyses new customers' insurance coverage and recommends how to improve their individual insurance protection. The company has 80 employees in Zurich, Berlin and Belgrade.

People
Dennis Just is the founder and CEO of Knip. Alex Stöckl is an investment manager at Creathor.

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