• Allianz X investment in HeavenHR will support the company’s operations, including further expansion in Europe
• Allianz and HeavenHR will jointly develop solutions that improve processes for small and medium-sized enterprises (SMEs)
• HeavenHR will work closely with Allianz Lebenversicherungs-AG (Leben) to develop a long-term collaboration on digital services for SMEs

MUNICH, December 12, 2018 – Allianz has agreed to make a minority investment and strategic partnership with leading HR-SaaS startup HeavenHR. Allianz X, the digital investment unit of the Allianz Group, invested in HeavenHR alongside other investors including Target Global and Piton Capital and will join their Board of Directors.

Berlin-headquartered HeavenHR offers an in-house developed software solution for managing human resources, supporting its customers in recruiting, employee data administration, workforce management and payroll. HeavenHR has more than 900 companies on its platform across a variety of sectors and industries.

“We are excited to complete our investment in HeavenHR,” said Dr. Nina Fichtl, Head of Strategy & New Business at Allianz X. “We are impressed with HeavenHR’s digital software which makes managing HR topics easier for small and medium-sized businesses.”

Dr. Sören Kupke, Head of Customer Portals and Distribution Services at Allianz Leben adds, “For corporate clients, Allianz Leben provides the digital service platform FirmenOnline. As FirmenOnline simplifies administration processes around corporate pensions, so does HeavenHR when it comes to human resources management. By creating additional efficient interfaces, we can increase value for our customers.”

“We are very proud about this next milestone the team has achieved and the quality of the partners who have joined our journey,” said Alexander Bertermann, CEO of HeavenHR. “HeavenHR’s technology focus and Allianz’s strong ties with the business world will enable us to concentrate even stronger on our core customer segment of small and medium enterprises.”

For further information please contact:

Allianz X
Danielle Dias Coutinho, , danielle.coutinho@allianz.com

Heaven HR
Alexander Bertermann, alexander.bertermann@heavenhr.com