Investment Summary

Allianz X Invests In 1QBit

On February 20, 2019, corporate investor Allianz X invested in information technology company 1QBit

Investment Highlights
  • This is Allianz X’s 2nd transaction in the Information Technology sector.
  • This is Allianz X’s 1st transaction in Canada.
  • This is Allianz X’s 1st transaction in British Columbia.

Investment Summary
Date 2019-02-20
Target 1QBit
Sector Information Technology
Investor(s) Allianz X
Deal Type Venture

Target

1QBit

Vancouver, British Columbia, Canada
1QBit is dedicated to solving the industry’s most demanding computational challenges by building software that allows applications to continually benefit from advances in both quantum and classical hardware. 1QBit redefines intractable problems by reframing them to achieve superior results using the most effective quantum and classical processors built to date. 1QBit was founded in 2012 and is based in Vancouver, British Columbia.

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Investor(S) 1

Investor

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 13 of 28
Sector (Information Technology) 2 of 5
Type (Venture) 9 of 17
State (British Columbia) 1 of 1
Country (Canada) 1 of 3
Year (2019) 1 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-12 HeavenHR

Berlin, Germany

HeavenHR offers an in-house developed software solution for managing human resources, supporting its customers in recruiting, employee data administration, workforce management, and payroll. HeavenHR has more than 900 companies on its platform across a variety of sectors and industries. HeavenHR was founded in 2015 and is based in Berlin, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-01 finanzen Group

Berlin, Germany

finanzen Group is a European B2B online marketplace for high-value consumer traffic in the insurance and financial services sectors. Finanzen.de uses a proprietary platform to connect lead generators and buyers in real-time. finanzen Group was founded in 2004 and is based in Berlin, Germany.

Buy -
Mergr

Product

Company

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