Great to see an InsTech play leading the field as the largest FinTech investment in Switzerland to date.
The digitisation of legacy industries shows no signs of slowing and nor does the enthusiasm of VCs for startups doing just that. Knip, the Swiss ‘mobile-first’ digital insurance broker, has closed a $15.7 million Series B round led by U.S.-based Route 66 Ventures. Germany’s Creathor Ventures and U.S.-based QED Investors co-led the round, while existing investors Orange Growth Capital and Redalpine Capital also participated. The company is talking up the Series B as the largest fintech investment in Switzerland to date.