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allianzx.com

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Investments

51

Portfolio Exits

5

Funds

2

Partners & Customers

5

Service Providers

1

About Allianz X

Allianz X is the digital investment unit of the Allianz Group. The firm is investing in digital growth companies that are part of the ecosystems related to insurance.

Allianz X Headquarter Location

Königinstr. 28

Munich, D-80802,

Germany

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Expert Collections containing Allianz X

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find Allianz X in 1 Expert Collection, including Insurtech.

I

Insurtech

26 items

2020 Top 25 US P&C Insurers based on Gross Written Premiums in 2019, per NAIC

Research containing Allianz X

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Allianz X in 1 CB Insights research brief, most recently on Apr 15, 2019.

Latest Allianz X News

Investors See New Sparkle in Europe’s Tech Scene

Jan 21, 2022

January 21, 2022 - Advertisement - - Advertisement - and Netflix Inc. to the west, or Alibaba Group Holding Ltd. and Tencent Holdings Ltd., in the past. But European investors and founders say there has never been a more hospitable environment for their growing tech companies. - Advertisement - Paris-based Back Market, an online marketplace that sells refurbished iPhones and other electronic devices, said a recent funding round this month raised its valuation to $5.7 billion. Berlin-based grocery-delivery company Gorillas Technologies Ltd raised nearly $1 billion in October from investors including Coatue Management, Tencent and DST Global. UK online payments business Revolut Ltd. Last July brought in $800 million from the likes of SoftBank Group Corp., of Vision Fund 2 and others, valuing the company at $33 billion. “People are skeptical whether Europe can really make big companies because it’s more fragmented and it’s more complex,” said Zo Fabian, who oversees growth equity investments in several European countries at private-equity firm Eurazio., But the recent surge in funding seems to have changed the story, she said. Part of the frenzy is fueled by the jealousy of Silicon Valley in European capitals, where governments have created programs to kick-start tech fundraising. French President Emmanuel Macron last year signed an initiative worth more than €100 billion for 10 European tech champions by 2030, the equivalent of $113 billion. France also unveiled an initiative in 2020 under which institutional investors pledged to invest €6. Billions over three years to finance tech companies through private funds. Capital has been given to companies including EasyWork, which matches temporary workers with employers, and Payfit, which provides automated payroll software. In Germany, the government launched a so-called Future Fund last year, using €10 billion of government money and €30 billion to provide funding for startups with private and public partners. The first investment was made last year in venture-capital funds, which will deploy the money in companies. Ms Fabian said it may be cheaper for some companies to set up and hire in Europe than in Silicon Valley, with its higher living costs. His team raised $2 billion for its third fund in July. Last year, his team doubled its number of investment professionals to 16 and looked at 300 deals, up from 200 in 2020. Nazim Setin, chief executive of Allianz X, the digital investment arm of German insurance company Allianz SE, Said European companies have matured. Many have moved past their early growth stage, which means investors are pouring large sums of money into them. Allianz X is an investor in N26 Bank GmbH, a Berlin-based digital bank that last October raised $900 million in new funding, valued at more than $9 billion. The number of European tech IPOs has skyrocketed, even though they remain small compared to the US tech giants. And since valuations of European tech companies haven’t reached the US yet, they offer investors a bargain and a chance to profit from a company’s IPO. According to CB Insights, there were 185 European technical IPOs in 2021 including UK FintechWise Plc., Up from 85 in 2020. The companies benefit from raising money right now, said Spencer Crowley, co-founder of FirstMinute Capital, which has just over $300 million in assets under management, and in seed rounds globally, focusing on the US and Europe. makes investments. Companies are now commanding valuations that they will grow in three to five years, and not in one to two years, as it was a few years ago, Mr. Crowley said – proof of confidence from investors. Mr. Crowley said his firm is increasing the size of checks that try to beat the boom in investors flocking to the space. Christian Venus, chief executive of GetSafe, which sells digital insurance products through an app in Germany and the UK, said his company could have raised more than $93 million in its previous funding round, which had already been expanded. Mr Venus said he had received interest from global investors, but saw it as a positive sign that European investors, who were involved in the round, were interested in investing in later-stage startups. woorituals to Julie Steinberg at [email protected] ,

Allianz X Investments

51 Investments

Allianz X has made 51 investments. Their latest investment was in Fundbox as part of their Series D on November 11, 2021.

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Allianz X Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

11/30/2021

Series D

Fundbox

$100M

No

12

7/8/2021

Unattributed VC

HeyCar

Yes

1

4/21/2021

Series C

HaloDoc

$80M

No

2

3/25/2021

Series C

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$99M

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10

3/14/2021

Series H

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$99M

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10

Date

11/30/2021

7/8/2021

4/21/2021

3/25/2021

3/14/2021

Round

Series D

Unattributed VC

Series C

Series C

Series H

Company

Fundbox

HeyCar

HaloDoc

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Amount

$100M

$80M

$99M

$99M

New?

No

Yes

No

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Co-Investors

Sources

12

1

2

10

10

Allianz X Portfolio Exits

5 Portfolio Exits

Allianz X has 5 portfolio exits. Their latest portfolio exit was finanzen Group on November 09, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

11/9/2021

Acquired - II

1

5/17/2021

Merger

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10

9/17/2020

IPO

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$99M

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10

7/2/2020

IPO

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$99M

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10

11/3/2017

Acquired

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$99M

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10

Date

11/9/2021

5/17/2021

9/17/2020

7/2/2020

11/3/2017

Exit

Acquired - II

Merger

IPO

IPO

Acquired

Companies

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Valuation

$99M

$99M

$99M

Acquirer

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Sources

1

10

10

10

10

Allianz X Acquisitions

3 Acquisitions

Allianz X acquired 3 companies. Their latest acquisition was GT Motive on September 17, 2021.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

9/17/2021

Debt

$99M

$10.74M

Corporate Majority

1

5/17/2019

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$99M

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10

5/15/2019

Other Venture Capital

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$99M

$99M

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10

Date

9/17/2021

5/17/2019

5/15/2019

Investment Stage

Debt

Other Venture Capital

Companies

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Valuation

$99M

$99M

$99M

Total Funding

$10.74M

$99M

Note

Corporate Majority

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Sources

1

10

10

Allianz X Fund History

2 Fund Histories

Allianz X has 2 funds, including Allianz X Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

2/20/2019

Allianz X Fund

$1,130M

4

Allianz X Digital Investment Fund

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10

Closing Date

2/20/2019

Fund

Allianz X Fund

Allianz X Digital Investment Fund

Fund Type

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Status

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Amount

$1,130M

Sources

4

10

Allianz X Partners & Customers

5 Partners and customers

Allianz X has 5 strategic partners and customers. Allianz X recently partnered with WeLab on August 8, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

8/3/2021

Partner

WeLab

Hong Kong

7/17/2019

Partner

Arabesque, and Commerz Real

United Kingdom, and Germany

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10

5/9/2019

Partner

SafeBoda

Uganda

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10

12/12/2018

Partner

HeavenHR

Germany

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10

4/11/2018

Partner

Gojek

Indonesia

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10

Date

8/3/2021

7/17/2019

5/9/2019

12/12/2018

4/11/2018

Type

Partner

Partner

Partner

Partner

Partner

Business Partner

WeLab

Arabesque, and Commerz Real

SafeBoda

HeavenHR

Gojek

Country

Hong Kong

United Kingdom, and Germany

Uganda

Germany

Indonesia

News Snippet

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Sources

10

10

10

10

Allianz X Service Providers

1 Service Provider

Allianz X has 1 service provider relationship

Service Provider

Associated Rounds

Provider Type

Service Type

Counsel

General Counsel

Service Provider

Associated Rounds

Provider Type

Counsel

Service Type

General Counsel

Partnership data by VentureSource

Allianz X Team

7 Team Members

Allianz X has 7 team members, including current Chief Executive Officer, Peter Borchers.

Name

Work History

Title

Status

Peter Borchers

Chief Executive Officer

Current

Nazim Cetin

Chief Executive Officer

Current

Dr. Nazim Cetin

Chief Executive Officer

Current

Bernd Scharrer

Managing Director

Current

Marco Kreuzer

Founder

Former

Name

Peter Borchers

Nazim Cetin

Dr. Nazim Cetin

Bernd Scharrer

Marco Kreuzer

Work History

Title

Chief Executive Officer

Chief Executive Officer

Chief Executive Officer

Managing Director

Founder

Status

Current

Current

Current

Current

Former

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