Allianz Life Ventures Makes A Strategic Investment In Fintech Startup Blooom

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Screen Shot 2016-03-31 at 2.29.14 PMOne year ago this month, Allianz Life tipped us to a venture arm forming in Minneapolis after posting two local positions: one for an Investment Director and another role for a Venture Analyst.

This led to confirmation of a pending venture arm to back fintech and related strategic startups in the software/digital realm.

Based in Golden Valley, Minnesota, Allianz Life Insurance Company of North America is the U.S. division of ~$75b German parent Allianz SE.  Allianz Life Ventures, as its now called, has recently participated in a $9m series B round for Blooom, a robo-advisor from Leawood, Kansas that reached $500m assets under management “faster than Betterment and Personal Capital — on a tiny fraction of the capital.”

An Allianz spokesperson declined to provide further information beyond the boilerplate, for now, though says we can anticipate hearing more soon.

BM“Allianz Life Ventures invests in companies with market traction and that demonstrate an ability to drive innovation focusing on insurance and retirement solutions, customer experience, transformational technology and social good.”

 

Brian Muench is an Iowa native with 15+ years at Allianz and VP of Investment Management, currently at the helm of Allianz Life Ventures locally.

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