German insurance giant Allianz increases its VC fund to $1.1 billion

Allianz X, the venture capital arm attached to German insurance giant Allianz,has increased the size of its fund to €1 billion, around $1.1 billion, according to an announcement made today. The fund was initially €430 million, or around $490 million, when it launched in 2016.
This new injection comes directly from parent Allianz SE, the 124-year-old insurer which did €130 billion ($150 billion) in revenue last year, and it makes Allianz Xone of the largest acti