Allianz X

Global venture funding has increased for the second straight quarter to USD 65.7 billion, according to CB Insights’ State of Venture 2Q2024 report. 🤩 Most of the funding is concentrated in the US with USD 39 billion, followed by Europe with USD 14 billion and Asia with USD 9,7 billion. Asia has fallen below USD 10 billion for the first time since 2014, while the US and Europe have seen double-digit funding growth. 🌍 The report also shows that even though funding reached another high in Q2, the number of deals slid for the ninth quarter in a row, resulting in a deal volume less than half what it was at its peak in 1Q2022. In Q2, investors were more selective about the investing environment, focusing on fewer but bigger deals in areas with strong growth potential like AI. Nearly one-third of all VC funding went to AI startups – the highest quarterly share on record – driven by mega rounds for xAI, Scale AI, and CoreWeave.  📈   Read the whole report to get more insights into global trends in venture funding, sector spotlights on fintech, retail tech, and digital health, as well as geographic trends with a detailed view on each continent: https://lnkd.in/gabrBgNV 

A warm welcome to our new colleague Daniel Gropper. 💐 Daniel has joined Allianz X as a Finance Intern. He will support our colleagues in accounting and controlling activities, including analyzing the performance of portfolio companies from a quantitative and qualitative standpoint, quarterly valuation of portfolio companies, and preparing financial reports.  Prior to Allianz X, Daniel did an apprenticeship at Bayerische Landesbank before studying economics at LMU Munich – Ludwig-Maximilians-Universität München.  Daniel already gained valuable experience as an intern and working student at companies like UniCredit, HSBC, and TÜV SÜD in Madrid. After his internship at Allianz X, he will start his master's in economics at LMU in October. We’re happy to have you onboard, Daniel! 🥳 

A warm welcome to our new colleague Jan Eike Tronte Kröger. 🌻 Jan has joined the Platforms & Acquisitions team as an intern during his MBA studies. Prior to Allianz X, Jan worked at Allianz Consulting for over eight years where he was an Engagement Manager and Team Lead in the Technology & Innovation practice area. During his time at Allianz Consulting, he contributed to and led project engagements in several organizational domains, including: procurement, IT & operations, data analytics, and artificial intelligence. Jan is currently doing his MBA at INSEAD. As part of his studies, he will gain insightful experience at Allianz X before completing the remainder of his MBA in Singapore.  We’re happy to have you onboard, Jan! 🥳 

On July 17, our portfolio company Coalition, Inc. will host its first webinar in the new series Future of Cyber Insurance. In the format, experts from Coalition help brokers to stay up-to-date and to be able to look ahead when it comes to cyber risk. The first webinar will be hosted by Tiago Henriques and Mike Volk. They will talk about the topic Anatomy of Active Risk Selection. In this session, they will dive into how to: ➡️ use real-time cyber risk data and security insights to inform the accuracy of underwriting; ➡️ improve trust and stability in the cyber insurance industry; and ➡️ stay on the cutting edge of cyber insurance. Sign up for the webinar to get an in-depth look at how Coalition collects and analyzes data to deliver actionable security insights: https://lnkd.in/dxuSgdE3

Congratulations to our colleague Raffaele Lucantonio on his promotion to Senior Associate! 🥂 Raffaele joined Allianz X in 2020, advancing through a number of roles to his latest as Senior Associate. Raffaele works across the whole spectrum of the investment process, as well as supporting Allianz X’s portfolio companies in fundraising and business development. Further, Raffaele leads Allianz X’s deal flow management. This entails working with other colleagues to assess and present relevant investment opportunities that the team is working on.   Fun Fact: Being one of the Italians at Allianz X, Raffaele ensures no one has cappuccino after lunch—at least in his presence. He compensates for the strict code of conduct with travel tips for colleagues going on vacation to Italy. 🌞 We’re happy to have you, Raffaele! 🙌

Allianz X CEO Dr. Nazim Cetin is one of the 100 leading corporate venturing professionals, according to Global Corporate Venturing’s Powerlist 2024. The GCV Powerlist tracks the top 100 people who shape today's corporate venturing landscape. The Powerlist highlights investors who influence the development of their industry and help to professionalize it. “Since joining the digital investments arm of Allianz in 2017, Nazim has successfully shifted the venture unit’s investment strategy to focus on late-stage startups and instituted a hands-on approach to portfolio management. ‘We like to shape and help the companies. We want to be a real partner unlike just turning up to a board meeting,’ Nazim told GCV in an interview from 2023. Since 2017, the portfolio has grown to 25 investments with almost €2bn assets under management and has had 12 unicorns so far.” Read more on Nazim’s profile here: https://lnkd.in/dCfC9x6R  Take a look at GCV’s Powerlist 2024: https://lnkd.in/dSDEkqmn  Read the interview with GCV here: https://lnkd.in/d2xDbbRQ 

A warm welcome to our new colleague, Sebastian de Rooy. 💐 Sebastian has joined Allianz X as an intern in the Platforms & Acquisitions team. He will support the colleagues in market screening, due diligence and valuation of investment opportunities, shareholder related topics, and more. Prior to Allianz X, Sebastian had several stops as an intern and working student at companies like Allianz in Deutschland, PwC, DB Schenker, and others. Sebastian is currently doing his master’s in finance at Católica Lisbon School of Business and Economics. We’re happy to have you onboard, Sebastian! 🎉

#JobAlert: Join Allianz X as an Accounting Professional (m/f/d). 📣 You will be responsible for: 🤓 Managing general ledger accounting activities of internal and external accounting service providers    🤓 Managing global processes such as bank accounting, accounts payable, and others   🤓 Participating in the preparation of quarterly and year end audit   🤓 Contributing to monthly cost controlling and management report 🤓 And more Find your next challenge at Allianz X: https://lnkd.in/ejKTCdcw 

Allianz X was invited to speak at this year’s “Inspiring Corporate Venture Capital (CVC) in Latin America” conference in Santiago de Chile. 🎤 Michael B. shared insights into Allianz X’s business, our portfolio companies, and how our investments bring growth and innovation to Allianz.   The event was hosted by Imagine in collaboration with the State of Bavaria Office for South America, Start2 Group, and supported by CORFO | Chilean Economic Development Agency. The conference was designed to promote CVC and innovation in Latin America by sharing examples from Germany and, in particular, Bavaria.  

A warm welcome to our new colleague Florian Unold! 🙌 Florian has joined Allianz X as an intern. He is supporting in various topics like market research, deal flow machine, wealth management, and more. Prior to Allianz X, Florian did a gap year and worked as a Venture Client intern at BMW Startup Garage. Florian is currently doing his bachelor's at the University of California, Berkeley, focusing on finance, as well as pursuing a Certificate in Innovation, Technology, and Entrepreneurship. He is also part of the University's rowing team.   We’re happy to have you onboard, Florian! 🎉