US EditionStart-Ups: Allianz and Schwarz Group Become Investors in New Eu Fund
4 Articles
4 Articles
With a billion-dollar fund, the EU wants to make start-ups into large tech companies. Apart from the Schwarz Group, Allianz is now also joining as an investor.
Allianz wants to join the European Union's start-up fund "Scaleup Europe" as a founding investor. According to a report by Handelsblatt, the insurer is one of two German companies that participate in the growth fund alongside the Schwarz Group, which includes Lidl and Kaufland. Allianz confirmed the investment in the fund to the insurance monitor, but did not want to comment on the amount. The insurer aims "both at attractive financial returns a…
Insurance company Allianz and the Schwarz Group will invest in the European Union's Scaleup Europe fund, which aims to enable European technology startups to access financing rounds exceeding €100 million. "The investment in the fund aims to both achieve attractive financial returns and sustainably strengthen capital markets in Europe. The goal is to address the growth challenge for European technology startups and close the financing gap for sc…
Two German corporations are participating in the EU's "Scaleup Europe" growth fund. In addition to the insurer and asset manager Allianz, the Schwarz Group is also investing in the newly established fund, which aims to provide European tech startups with financing rounds totaling more than €100 million. This was reported by the "Handelsblatt" (Wednesday edition). When asked, Allianz stated that it wanted to address the investment backlog and red…
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