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Allianz X

Allianz X

The digital investment unit of the Allianz Group in Germany that focuses on investing in digital growth companies related to insurance.

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

Timeline

February 20, 2019
Allianz increases Allianz X fund to $1.1b

It was announced that Allianz received an additional €570m in funding from parent company Allianz.

2016
Allianz X was founded.
2013
Founded

People

Name
Role
LinkedIn

Andreas Kronthaler

Employee

Can-Victor Sahin

Employee

Maria Hock

Employee

Marina Mangiat

Employee

Mark Cheret

Employee

Nicolas Plögert

Employee

Further reading

Title
Author
Link
Type
Date

German Insurance Giant Allianz Upsizes VC Fund To $1.1B

Web

Documentaries, videos and podcasts

Title
Date
Link

Companies

Company
CEO
Location
Products/Services

Quantum computing software company

Abracar

Online used car dealer

Bima

Drone Racing League

Formula E

HeavenHR

Lemonade

N26

Nauto

Simplesurance

News

Title
Author
Date
Publisher
Description
Mary Ann Azevedo
March 25, 2021
TechCrunch
Pie Insurance, a startup offering workers' compensation insurance to small businesses, announced this morning that it has closed on $118 million in a Series C round of funding. Allianz X -- investment arm of German financial services giant Allianz -- and Acrew Capital co-led the round, which brings the Washington, D.C.-based startup's total equity funding [...]
WeLab
March 8, 2021
www.prnewswire.com:443
WeLab's focus on technology and innovation in building a pan-Asian digital financial services platform complements Allianz's expansion strategy with...
Josh Scott
February 10, 2021
BetaKit
Toronto FinTech company Purpose Financial has secured $53.5 million CAD from Allianz X, with the German investor acquiring a minority stake in the company.

References

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