Undo raised DKK 35M from Tryg.

Undo, a Copenhagen, Denamrk-based provider of consumer insurance, secured another capital raise in the company totalling DKK 35M ($5.3M).

The capital was provided by existing investor Tryg, which will control 50% of the company's shares.

Undo, founded in 2016 by Anders Valentin and CEO Sophie Bohr Grønbæk, is a digital insurance company launched by Rainmaking with the aim to sell insurance products via a mobile application to the millenials. The company has 16500 customers backed by 33 employees.