Good deal: A file picture showing a Go-Jek driver sharing jokes with his colleague while waiting for customers in Jakarta. Prior to its investment last year, Allianz Indonesia was offering insurance products to Go-Jek’s riders and customers. — Reuters
LONDON: European insurer Allianz SE is increasing the size of its tech investment fund to ?1bil (US$1.1bil), making it one of the largest corporate-backed venture funds in Europe.
Allianz X was launched in 2016 with a ?430mil checkbook and has done about 15 deals, including an investment in Indonesian ride-hailing firm Go-Jek, German mobile bank N26, and US insurance startup Lemonade.
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