Allianz X, the digital investment unit of the Allianz Group, has announced an investment in 99.co, a digital real estate platform and brokerage company. This is Allianz X’s first investment in a Singapore-headquartered company.
99.co helps users and agents in Singapore and Indonesia make informed real-estate decisions by merging geolocation and deep market data. The platform has grown 38-fold from approximately 100,000 monthly users in 2017 to approximately 3.8 million in 2019, placing 99.co as the leading and fastest growing property platform in Southeast Asia.