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Investment Summary

Allianz X Exits Urgently

On February 9, 2023, invested in internet software and services company Urgently from Allianz X

Investment Highlights
  • This is transaction in the Internet Software and Services sector.
  • This is transaction in the United States.
  • This is transaction in Virginia.

Investment Summary
Date 2023-02-09
Target Urgently
Sector Internet Software and Services
Sellers(s) Allianz X
Deal Type IPO

Target

Urgently

Vienna, Virginia, United States
Urgently keeps vehicles and people moving by delivering safe, innovative, and exceptional mobility assistance experiences. The company’s digitally native software platform combines location-based services, real-time data, AI, and machine-to-machine communication to power roadside assistance solutions for leading brands across automotive, insurance, telematics, and other transportation-focused verticals. Urgently fulfills the demand for connected roadside assistance services, enabling its partners to deliver exceptional user experiences that drive high customer satisfaction and loyalty. With more than 50 operating partners and an estimated Service Provider Professional Network of 80,000+, it delivers innovative, transparent, and exceptional connected mobility assistance experiences on a global scale. Urgently was founded in 2013 and is based in Vienna, Virginia.

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Seller(S) 1

SELLER

Allianz X

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 6 of 6
Sector: Internet Software and Services M&A 5 of 5
Type: IPO M&A Deals 3 of 3
State: Virginia M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-10 Innovation Group

Hampshire, United Kingdom

Innovation Group provides technology-enabled claims and incident management solutions for insurers, brokers, fleet operators, and automotive manufacturers. The company helps clients streamline claims, manage vehicle and property incidents, and unlock new revenue through value-added services. Innovation Group is based in Hampshire, United Kingdom.

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