Allianz X is the digital investment unit of the Allianz Group in Germany that focuses on investing in digital growth companies related to insurance. Founded 2013 in München, Bayern, Germany, Allianz X has raised a single venture fund, Allianz X Grows Digital Investment Fund. This fund was announced on February 20, 2019 and raised a total of €1B. As of March 2020, Allianz X has made 24 investments. Their most recent investment was on November 30, 2019 with SDA SE Open Industry Solutions. Allianz X has had two exits, the most notable of which include Wealthsimple and Argus Cyber Security. Wealthsimple is a financial advisor. Argus is a automotive cyber security company, helping OEMs and their suppliers protect their fleets against cyber-attacks
It was announced that Allianz received an additional €570m in funding from parent company Allianz.
German Insurance Giant Allianz Upsizes VC Fund To $1.1B