About Kwit
Kwit is a company based in Strasbourg (France) founded in 2012 by Jean Francois Kraemer, Christophe Dehlinger, and Geoffrey Kretz.. Kwit has raised $1.57 million across 1 funding round from investors including Caisse D Epargne, Bpifrance and Yeast. Kwit operates in a competitive market with competitors including 2Morrow, Vincere Health, Digital Therapeutics, KLAVA Innovation and Smoker Reducer, among others.
- Headquarter Strasbourg, France
- Founders Jean Francois Kraemer, Christophe Dehlinger, Geoffrey Kretz
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Sectors
Healthcare
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Email
***********
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.57 M (USD)
in 1 rounds
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Latest Funding Round
$1.57 M (USD), Seed
Jan 19, 2021
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Investors
Caisse D Epargne
& 5 more
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Employee Count
Employee Count
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Sales and Marketing
2 people
Co Team
1 people
CTO Team
1 people
Product Management Team
1 people
Office Team
1 people
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Funding Insights of Kwit
Kwit has successfully raised a total of $1.57M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.57 million completed in January 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $1.6M
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First Round
First Round
(19 Jan 2021)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2021 | Amount | Seed - Kwit | Valuation | Kima Ventures , Alsace Business Angels |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Kwit
Kwit has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Caisse D Epargne, Bpifrance and Yeast. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Seed-stage investments in startups are provided by Kima Ventures.
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Founded Year | Domain | Location | |
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Local economic development is supported through investments in Alsace.
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Founded Year | Domain | Location | |
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Innovation support for enterprises is provided by BNP Paribas.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Kwit
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Kwit
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Kwit Comparisons
Competitors of Kwit
Kwit operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as 2Morrow, Vincere Health, Digital Therapeutics, KLAVA Innovation and Smoker Reducer, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Evidence-based smoking cessation program is delivered via smartphone app.
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| domain | founded_year | HQ Location |
Provider of a mobile app to manage smoking addiction
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| domain | founded_year | HQ Location |
Behavior therapy app for smoking cessation is developed and offered.
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| domain | founded_year | HQ Location |
Developer of digital therapeutics for addictive disorders
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| domain | founded_year | HQ Location |
Provides web hosting, drag-and-drop builders, and free website migrations for users.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Kwit
When was Kwit founded?
Kwit was founded in 2012 and raised its 1st funding round 9 years after it was founded.
Where is Kwit located?
Kwit is headquartered in Strasbourg, France. It is registered at Strasbourg, Grand Est, France.
Who is the current CEO of Kwit?
Geoffrey Kretz is the current CEO of Kwit. They have also founded this company.
Is Kwit a funded company?
Kwit is a funded company, having raised a total of $1.57M across 1 funding round to date. The company's 1st funding round was a Seed of $1.57M, raised on Jan 19, 2021.
What does Kwit do?
Kwit was founded in 2012 in Strasbourg, France, within the health technology sector focused on addiction management. A mobile application is developed and operated by the company to support users in quitting smoking. Gamification mechanisms are utilized to address withdrawal symptoms through personalized strategies that counter urges. Daily progress is tracked by users, with options to share achievements on social media platforms.
Who are the top competitors of Kwit?
Kwit's top competitors include 2Morrow, Vincere Health and Digital Therapeutics.
Who are Kwit's investors?
Kwit has 6 investors. Key investors include Caisse D Epargne, Bpifrance, Yeast, Kima Ventures, and Alsace Business Angels.