Investment Summary

Cathay Capital Private Equity and Allianz X Invest In Fundbox

On September 24, 2019, private equity firm Cathay Capital Private Equity and corporate investor Allianz X invested in financial services company Fundbox

Investment Highlights
  • This is Cathay Capital Private Equity’s 1st and Allianz X’s 4th transaction in the Financial Services sector.
  • This is Cathay Capital Private Equity’s 7th and Allianz X’s 7th transaction in the United States.
  • This is Cathay Capital Private Equity’s 1st and Allianz X’s 1st transaction in Texas.

Investment Summary

Date 2019-09-24
Target Fundbox
Sector Financial Services
Investor(s) Cathay Capital Private Equity
Allianz X
Deal Type Venture

Target

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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Investor(S) 2

Investor

Cathay Capital Private Equity

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2006
PE ASSETS 5.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Cathay Capital Private Equity SAS is a French Chinese private equity firm focused on acquiring businesses in France, Hong Kong, and China. Cathay looks to help Western companies leverage opportunities in China and help Chinese companies leverage Western best practices and partnerships. The Firm looks to invest in businesses generating €5 to €150 million in revenues. Areas of interest include retail, consumer goods, electrical equipment, medical devices, pharmaceuticals, animal healthcare, translation, food, consumer services, and software. Cathay Capital Private Equity SAS was formed in 2007 and is based in Paris. The firm has additional offices in New York and Shanghai.


DEAL STATS #
Overall 76 of 100
Sector: Financial Services M&A 1 of 1
Type: Venture M&A Deals 10 of 22
State: Texas M&A 1 of 2
Country: United States M&A 7 of 11
Year: 2019 M&A 7 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-02 Terminal

San Francisco, California, United States

Terminal offers community-oriented workplaces, professional development, and unmatched opportunities for remote engineers around the world. Terminal recruit, house, support, and nurture developers for a company. Terminal is based in San Francisco, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-01 iziwork

Paris, France

iziwork is a JobTech startup that leverages technological innovation to improve the work experience and access to jobs for everyone. iziwork fully digitized temporary employment platform offers temporary workers simple and instant access to a wide range of jobs, but also personalized support that rewards individual merit. iziwork was founded in 2018 and is based in Paris, France.

Buy -
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 19 of 29
Sector: Financial Services M&A 4 of 7
Type: Venture M&A Deals 14 of 17
State: Texas M&A 1 of 1
Country: United States M&A 7 of 9
Year: 2019 M&A 7 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-01 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-16 Quantemplate

Woodcliff Lake, New Jersey, United States

QuanTemplate is a data management and analytics platform built specifically to deliver technology solutions surrounding key issues faced by insurance and reinsurance companies. Clients receive help to turn raw data into actionable insights by software based on artificial intelligence. The end-to-end solution offers a secure platform for trading risk, regulatory reporting, and creating financial models for use across the insurance market. Quantemplate was founded in 2012 and is based in Woodcliff Lake, New Jersey.

Buy -