German insurance giant Allianz increases its VC fund to $1.1 billion
Allianz X, the venture capital arm attached to German insurance giant Allianz,
has increased the size of its fund to €1 billion, around $1.1 billion, according to an announcement made today.
The fund was initially €430 million, or around $490 million, when it launched in 2016.
This new injection comes directly from parent Allianz SE, the 124-year-old insurer that did €130 billion ($150 billion) in revenue last year,
While it is anchored in Europe, the fund’s investment thesis and focus is very much a global one, with a focus on verticals including fintech, health, mobility, data and cybersecurity.
It has made 15 deals to date, with a focus on growth-stage investments in startups such as
emerging market-focused microinsurance company BIMA,
Southeast Asian ride-hailing unicorn Go-Jek, U.S.-based capital marketplace C2FO
European challenger bank N26.
TechCrunch
https://techcrunch.com/2019/02/20/allianz-x-1-billion-eur/
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