
Allianz X
Description
Allianz X is the dedicated digital investment unit of the Allianz Group, one of the world's leading insurers and financial services providers. Established in 2016, its core mandate is to invest in and partner with digital growth companies that have strategic relevance to Allianz's core businesses, primarily insurance and asset management. This strategic alignment allows Allianz X to not only provide capital but also facilitate collaboration, offering portfolio companies access to Allianz's vast global network, customer base, and deep industry expertise.
The firm primarily targets companies in their growth stages, typically Series B and beyond, though they maintain flexibility for earlier-stage investments if there's a strong strategic fit. Their investment thesis revolves around identifying innovative business models and technologies that can disrupt or enhance the insurance and financial services sectors, including areas like Insurtech, Fintech, Mobility, and Health. Allianz X often takes a lead or co-lead position in funding rounds, demonstrating a commitment to being an active, value-add investor rather than just a passive capital provider.
Since its inception, Allianz X has demonstrated significant financial commitment to its portfolio. As of early 2023, the firm had invested over €1 billion into more than 25 digital companies worldwide, underscoring its substantial role in fostering innovation within the industry. This global footprint includes investments across Europe, North America, and Asia, reflecting Allianz's international reach. Their typical first cheque sizes range from approximately $5 million to $50 million, depending on the stage, strategic importance, and capital requirements of the target company. This substantial investment capacity allows them to support companies through significant growth phases, driving mutual value creation for both the portfolio company and the broader Allianz Group.
Investor Profile
Allianz X has backed more than 49 startups, with 2 new investments in the last 12 months alone. The firm has led 22 rounds, about 45% of its total and boasts 9 exits across its portfolio.
Investment Focus Highlights
- Concentrates on Series A, Series B, Series Unknown rounds (top funding stages).
- Majority of deals are located in United States, Germany, United Kingdom.
- Strong thematic focus on Financial Services, FinTech, InsurTech.
- Led 2 rounds in the past year.
- Typical check size: $5M – $50M.
Stage Focus
- Series A (14%)
- Series B (14%)
- Series Unknown (14%)
- Series D (12%)
- Series C (12%)
- Series F (8%)
- Private Equity (4%)
- Series E (4%)
- Corporate Round (4%)
- Debt Financing (4%)
Country Focus
- United States (33%)
- Germany (22%)
- United Kingdom (20%)
- Canada (8%)
- Indonesia (6%)
- Uganda (4%)
- Israel (2%)
- Hong Kong (2%)
- Argentina (2%)
Industry Focus
- Financial Services
- Fintech
- Insurtech
- Finance
- Insurance
- Software
- Health Care
- Automotive
- Information Technology
- Banking
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