Venture CapitalMunich, Germany Financial Services & FintechHealthcare, Healthtech & MedtechDigital Infrastructure
Allianz X is the digital investments arm of Allianz Group, one of the world's largest insurance and asset management companies. Structured as a corporate venture capital unit (Allianz X GmbH), it operates as a strategic, evergreen vehicle dedicated to late-stage investments in proven digital growth companies in ecosystems adjacent to insurance and asset management. Allianz X makes high-conviction investments in insurtech and fintech scale-ups with complementary business models to Allianz's operating entities, focusing on companies at Series C or later with double-digit-million revenues and a clear growth path. Its five core verticals are: mobility, connected property, connected health, wealth management and retirement, and data intelligence and cybersecurity. As of 2025, Allianz X manages over €1.7 billion in assets across a portfolio of 25+ direct investments, 5 full acquisitions, and 10+ exits, including 12 unicorns. Notable portfolio companies include Coalition, NEXT Insurance, Ualá, Cambridge Mobile Telematics, Clark, WeLab, Openly, and Pie Insurance. The investment team of approximately 40 professionals is based in Munich, Germany, and operates across 5 continents. All capital is proprietary Allianz Group balance sheet — there are no external limited partners.
