Allianz X logo

Allianz X

Europe, Bayern, Germany, München

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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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Allianz X frequently co-invest with?

Greyhound Capital
Europe, England, United Kingdom, London
Co-Investments: 4
Earlybird Venture Capital
Europe, Berlin, Germany, Berlin
Co-Investments: 4
Tencent
Asia, Guangdong, China, Shenzhen
Co-Investments: 6
GIC
Asia, Central Region, Singapore, Singapore
Co-Investments: 3
Allianz
Europe, Bayern, Germany, München
Co-Investments: 4
Valar Ventures
North America, New York, United States, New York
Co-Investments: 4
Temasek Holdings
Asia, Central Region, Singapore, Singapore
Co-Investments: 3
Horizons Ventures
Asia, Hong Kong Island, Hong Kong, Hong Kong
Co-Investments: 3
TCV
North America, California, United States, Menlo Park
Co-Investments: 3
Route 66 Ventures
North America, Virginia, United States, Alexandria
Co-Investments: 3

Which angels does Allianz X often collaborate with?

Shared Deals: 1
Aubrey Graham (Drake)
North America, Ontario, Canada, Toronto
Shared Deals: 1
SB
North America, California, United States
Shared Deals: 1
Michael Andrew Fox
North America, Alberta, Canada, Edmonton
Shared Deals: 1
PM
North America, Florida, United States, Miami
Shared Deals: 1
Zohar Zisapel
Asia, Tel Aviv, Israel, Tel Aviv
Shared Deals: 1
RR
North America, California, United States, Los Angeles
Shared Deals: 1
Eyal Gura
Asia, Israel
Shared Deals: 1
JK
North America, California, United States, San Francisco
Shared Deals: 1
Kelly Olynyk
North America, Ontario, Canada, Toronto
Shared Deals: 1

What are some of recent deals done by Allianz X?

Openly

Boston, Massachusetts, United States

Openly is an insurance company that offers home insurance, life, and auto insurance services.

Auto InsuranceCommercial InsuranceInsuranceLife InsuranceProperty Insurance
Debt FinancingJan 30, 2025
Amount Raised: $70,000,000
Ualá

Buenos Aires, Distrito Federal, Argentina

Ualá is a fintech company that provides a digital banking application that allows users to manage their finances.

BankingCredit CardsFinancial ServicesFinTechPayments
Series ENov 11, 2024
Amount Raised: $300,000,000
Alvarium Tiedemann

Aspen, Colorado, United States

Alvarium Tiedemann is a financial solutions company that provides transformational solutions.

AdviceAsset ManagementFinanceFinancial ServicesWealth Management
Post Ipo EquityFeb 22, 2024
Amount Raised: $450,000,000
Next Insurance

Palo Alto, California, United States

Next Insurance is a digital insurance company specializing in coverage for entrepreneurs and small businesses.

Commercial InsuranceFinanceInsuranceInsurTechSmall and Medium Businesses
Series FNov 1, 2023
Amount Raised: $265,000,000
Wayhome

London, England, United Kingdom

Wayhome offers a debt-free way to buy a home with just a 5% deposit and no mortgage.

Financial ServicesFinTechProperty ManagementReal Estate
Series AApr 27, 2023
Amount Raised: $9,997,701
Pie Insurance

Washington, District of Columbia, United States

Pie Insurance is an insurance company specializing in small business.

Financial ServicesInsuranceInsurTechSmall and Medium Businesses
Series DSep 21, 2022
Amount Raised: $315,000,000
Coalition

San Francisco, California, United States

Coalition is a cyber insurance and security company that provides businesses to manage and mitigate cyber risks.

Cyber SecurityInformation TechnologyInsuranceInsurTechRisk Management
Series FJul 8, 2022
Amount Raised: $250,000,000
ESG Book

London, England, United Kingdom

ESG Book is a global leader in sustainability data and technology, trusted by many of the world's largest financial organisations.

Big DataConsultingData VisualizationDatabaseFinancial ServicesFinTechInformation ServicesInformation TechnologySoftwareSustainability
Series BJun 22, 2022
Amount Raised: $34,968,377
OpenGamma

London, England, United Kingdom

OpenGamma is the analytics company dedicated to reducing the costs of trading derivatives.

AnalyticsFinancial ServicesFinTechSoftware
Series FFeb 1, 2022
Amount Raised: $21,000,000
Safeboda

Kampala, Kampala, Uganda

Safeboda is the most reliable community-based urban transportation network in Africa.

AppsConsumerTransportation
Series UnknownDec 16, 2021