Investment Summary

Allianz X Invests In Pie Insurance Services

On March 25, 2021, corporate investor Allianz X invested in insurance company Pie Insurance Services

Investment Highlights
  • This is Allianz X’s 3rd transaction in the Insurance sector.
  • This is Allianz X’s 8th transaction in the United States.
  • This is Allianz X’s 1st transaction in District of Columbia.

Investment Summary
Date 2021-03-25
Target Pie Insurance Services
Sector Insurance
Investor(s) Allianz X
Deal Type Venture

Target

Pie Insurance Services

Washington, District of Columbia, United States
Pie Insurance Services is an insurtech company specializing in workers' comp insurance for small businesses. Pie Insurance Services is based in Washington, District of 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 25 of 28
Sector (Insurance) 3 of 4
Type (Venture) 17 of 17
State (District of Columbia) 1 of 1
Country (United States) 8 of 8
Year (2021) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-08 WeLab

Hong Kong, China

WeLab is a provider of online lending and digital banking solutions in China and Southeast Asia. WeLab services include digital banking services and loans for private customers, a digital lending platform to connect lenders and borrowers, as well as a number of technology-driven services to support financial institutions in their lending processes. WeLab was founded in 2013 and is based in Hong Kong, China.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-17 GO-JEK

Jakarta, Indonesia

GO-JEK is a mobile application-based platform in Indonesia that provides a range of services such as ride-hailing, food delivery, lifestyle services, and mobile payments. GO-JEK was founded in 2010 and is based in Jakarta, Indonesia.

Sell -
Mergr

Product

Company

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