Knip AG Closes Largest Fintech Investment Round in Switzerland
3 November 2015 –
Knip AG, Zurich, recently closed Switzerland's largest fintech financing round for a start-up so far with CHF 15 million. The series B round was led by Route 66 Ventures, which was joined by Creathor Venture and QED Investors (respectively funds managed by these venture capital firms) as series B investors, adding to the existing series A investors such as Orange Growth Capital and Redalpine. Knip AG is a mobile-first digital insurance broker enabling its users through an app to easily view and manage their insurance policies on their smartphone.
Walder Wyss acted as legal advisor to Route 66 Ventures, LLC, as lead series B investor on this transaction. The Walder Wyss team was led by Luc Defferrard (Banking & Finance, Partner) and Hubertus Hillerström (Banking & Finance, Managing Associate) and further included Sarah Schulthess (M&A, Capital Markets, Associate), Eva Maissen (IP/IT, Associate), Fabian Looser (Employment, Associate) and Janine Corti (Tax, Associate).