Allianz has boosted the capital reserves of digital investment unit Allianz X, whose portfolio includes unicorns G-Jek and N26, to more than $1.1bn.
Germany-based insurance and asset management group Allianz increased the capital available to Allianz X, the digital investment vehicle it formed in 2013, from €430m to €1bn ($1.13bn) today.
Allianz X targets growth-stage companies developing digital technologies relevant to its parent’s business, covering areas such as mobility, wealth management, cybersecurity, data analytics, connected property and health products.
The firm said it has allocated more capital to Allianz X as a reflection of the unit’s success in its investments and partnerships as well…
