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Investment Summary

Allianz X Invests In Wealthsimple

On May 22, 2019, corporate investor Allianz X invested in internet software and services company Wealthsimple

Investment Highlights
  • This is Allianz X’s 6th transaction in the Internet Software and Services sector.
  • This is Allianz X’s 2nd transaction in Canada.
  • This is Allianz X’s 1st transaction in Ontario.
Investment Fate
  • Wealthsimple was sold to a strategic buyer in 2020.

Investment Summary
Date 2019-05-22
Target Wealthsimple
Sector Internet Software and Services
Investor(s) Allianz X
Deal Type Venture

Target

Wealthsimple

Toronto, Ontario, Canada
Wealthsimple is an online investing service and trading app investing client's money in a globally diversified portfolio of low-cost index funds, and cutting-edge technology helps to earn the best possible return while optimizing tax bill. Wealthsimple was founded in 2013 and is based in Toronto, Ontario.

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Investor(S) 1

Investor

Allianz X

Investor Investor Investor Investor Investor

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 16 of 29
Sector: Internet Software and Services M&A 6 of 10
Type: Venture M&A Deals 11 of 17
State: Ontario M&A 1 of 2
Country: Canada M&A 2 of 3
Year: 2019 M&A 4 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-07 SafeBoda

Kampala, Uganda

SafeBoda is a ride-hailing platform that also offers various on-demand consumer and payment services. SafeBoda was founded in 2015 and is based in Kampala, Uganda.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-25 Halodoc

Jakarta, Indonesia

Halodoc is a digital healthcare platform that simplifies access to medical services. Its Apotek Antar feature enables secure delivery of supplements, vitamins, and prescription medicines. Through Hubungi Dokter, users can consult doctors directly via chat, voice, or video calls. Halodoc also provides convenient at-home or in-office lab testing in collaboration with Prodia, making healthcare more accessible. Halodoc was founded in 2016 and is based in Jakarta, Indonesia.

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