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
99.co is an online platform that allows users to buy and rent apartments, villas, houses, and rooms. The company combines design-driven tools, geolocation technology, and market data to help consumers and agents make smarter property decisions. 99.co was established in 2013 and is based in Singapore, Singapore.

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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 18 of 29
Sector: Internet Software and Services M&A 8 of 9
Type: Venture M&A Deals 13 of 17
Country: Singapore M&A 1 of 1
Year: 2019 M&A 6 of 9
PREVIOUS 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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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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