Investment Summary

Allianz X Invests In 99.co

On August 1, 2019, corporate investor Allianz X invested in internet software and services company 99.co

Investment Highlights
  • This is Allianz X’s 8th transaction in the Internet Software and Services sector.
  • This is Allianz X’s 1st transaction in Singapore.

Investment Summary
Date 2019-08-01
Target 99.co
Sector Internet Software and Services
Investor(s) Allianz X
Deal Type Venture

Target

99.co

Singapore, Singapore
website
99.co is an online platform that allows users to buy and rent apartments, villas, houses, and rooms. 99.co is the fastest growing property platform in Southeast Asia. 99.co brings to market design-centric innovations in real estate, merging geolocation, and market data in helping end-users and agents make the best property decisions. 99.co was established in 2013 and is based in Singapore.

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Investor(S) 1

Investor

Allianz X

Investor Investor Investor

website

Category Corporate Investor
Founded 2013
PE ASSETS 2.0B EUR
Size Large
Type Sector Focused
DESCRIPTION

Allianz X is the growth-oriented investment arm of Germany insurance and financial services company Allianz Group. Allianz X looks to invest in and acquire expansion stage financial and insurance technology companies throughout the world. The Firm has special interest in businesses that can benefit from Allianz's expertise and global reach. Allianz X was formed in 2013 and is based in Munich.

DEAL STATS #
Overall 18 of 28
Sector (Internet Software and Services) 8 of 9
Type (Venture) 13 of 17
Country (Singapore) 1 of 1
Year (2019) 6 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-25 Halodoc

Jakarta, Indonesia

Halodoc application is a digital healthcare platform that equipped with three main features, which are Apotek Antar, a service that can help users in buying supplements, vitamins, and drugs along with doctor’s prescription quickly, safely & comfortably; Hubungi Dokter, a service that facilitates users to directly interacting with doctors through voice calls, video calls or chat; and Lab Services, where Halodoc collaborates with Prodia in providing convenience for users to do health checks whether at home or office. Halodoc is based in Jakarta, Indonesia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-24 Fundbox

Plano, Texas, United States

Fundbox is a financial technology company. With heavy investments in machine learning and the ability to quickly analyze transactional data, Fundbox is reimagining B2B payments and credit products in new category-defining ways. Fundbox was founded in 2013 and is based in Plano, Texas.

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