Allianz X backs derivatives analytics firm OpenGamma

Allianz X has led a funding round of London-based B2B fintech OpenGamma with a total investment of $21 million. In addition to the digital investments unit of Allianz, all existing investors participated in the funding round.

Founded in 2009, OpenGamma helps asset managers and other professional financial market participants to increase the capital efficiency of their portfolios, particularly when it comes to posting collateral in derivative transactions.

OpenGamma closely works with PIMCO, a subsidiary of Allianz.