AMSTERDAM / MUNICH, 31 August, 2020 – Dr. Axel Wieandt teams up with HPE Growth as Senior Advisor and Board Observer for its portfolio company xbAV AG in Munich. HPE Growth is a leading European growth capital private equity firm focussing on investments in fast growing digital-technology companies. As one of their value-add building blocks, HPE Growth, together with its co-shareholders, regularly sources high-calibre executives in Board or Advisor roles. Dr. Axel Wieandt perfectly fits this strategy, following other key Board hires in HPE Growth portfolio companies’ such as Sir George Buckley (EGYM), Peter de Caluwe (PPRO), Baroness Martha Lane Fox (WeTransfer), Simon Breakwell (Tiqets) or Dr. Bernhard Schmidt (AOG).
Tim van Delden, founding Partner of HPE Growth, comments on Dr. Wieandt’s appointment: “We are very excited to get Axel on board for xbAV. Axel has an unmatched career, first serving in senior executive roles within the more ‘traditional’ financial services industry, before building a very strong reputation within the innovative European FinTech community, where he supports several successful scale-up businesses as non-executive board member and advisor. His experience, network, but also expertise in knowing what it takes to run and build financial institutions, very much fit the ambitions of xbAV as one of Germany’s leading InsurTechs. Axel joins a strong group of xbAV supporters including Lars Hinrichs, Herbert Henzler and Daniel Aegerter. A very warm welcome!”
Dr. Axel Wieandt states: „Partnering with HPE Growth, well known for its high-quality investments, and with the other stakeholders in xbAV is something I am truly looking forward to. In a short period of time, xbAV has achieved to build a market leading position to tech-enable insurances, brokers and corporates in the digitalisation efforts of their corporate pension and life insurance business. The fast growing adoption rates of xbAV’s software solutions are great early indicators of xbAV’s future success. I am happy to share and leverage my experience and expertise for the success of this very promising scale-up. I am in particular looking forward to supporting xbAV’s management team.”
Founded in 2007 and headquartered in Munich, xbAV AG has established itself as the leading independent software and technology provider for shared-service solutions for occupational pension management in Germany. xbAV serves its customers with more than 100 employees in offices across Munich, Saarbrücken and Berlin.
About HPE Growth
HPE Growth, established in 2010, is a leading European investment firm focused on expansion/growth capital investments in technology companies throughout Northwestern Europe. HPE Growth invests in high-growth software, internet-enabled, mobile, fintech and healthtech businesses that have the option to further leverage their proven technology to become a global category leader. By bringing in additional equity and active support, HPE acts as a catalyst to expansion and enables portfolio companies to execute on their vision of securing market leadership. For more information on HPE Growth, please see www.hpegrowth.com.
About xbAV
xbAV is the German market leader in the digitization of corporate pension & life insurance. Its software-as-a-service solutions allow life insurers, insurance agents, corporations and consumers to buy and manage pension & life insurance online. Currently more than 40 life insurers and sales organizations, more than 11,000 agents and more than 3,000 medium-sized companies use the xbAV platform. User-friendly information, transparent and efficient processes, and a single platform to connect all stakeholders are xbAV’s differentiators. xbAV is headquartered in Munich with additional offices in Saarbrücken and Berlin. For more information, please see www.xbav.de.
