What is Alan?
Founded in 2016, Alan is a pioneering digital health insurance provider that has become the first new independent health insurer licensed in France since 1986. The company offers a comprehensive, integrated health insurance platform designed for employees, freelancers, and retirees across France, Belgium, Spain, and Canada. Alan's innovative approach combines health coverage with proactive wellness tools, mental well-being support, and a 24/7 AI-powered medical assistant. This digital interface allows members to easily manage reimbursements, consult medical professionals via chat or video, and monitor their health habits. Serving businesses of all sizes, Alan positions itself as a holistic health partner, seamlessly integrating insurance, prevention, and daily care, while utilizing proprietary AI to optimize claims processing, risk management, and customer service.
How much funding has Alan raised?
Alan has raised a total of $854.6M across 8 funding rounds:
Private Equity
$13M
Series A
$18.5M
Series C
$54.2M
Series B
$45M
Series D
$222.5M
Other Financing Round
$193M
Series F
$193M
Other Financing Round
$115.4M
Private Equity (2016): $13M with participation from Power Financial, CNP Assurances, and Partech Ventures
Series A (2018): $18.5M, investors not publicly disclosed
Series C (2020): $54.2M supported by Index Ventures and Temasek
Series B (2020): $45M featuring DST Global company and Index Ventures LLP
Series D (2021): $222.5M backed by Coatue, Dragoneer Investment Group, Exor, Ribbit Capital, Index Ventures, and Temasek
Other Financing Round (2022): $193M with participation from Coatue, Teachers’ Venture Growth, Ribbit Capital, Temasek, EXOR, Lakestar, Dragoneer Investment Group, and Index Ventures
Series F (2024): $193M led by Coatue, Ontario Teachers' Pension Plan, Temasek, Belfius Bank, and Lakestar
Other Financing Round (2026): $115.4M supported by Greenoaks, Index Ventures, Kaaf Investments, Belfius Bank and Insurance, and SH Capital PCC
Key Investors in Alan
Coatue
Coatue Management is an investment firm that manages hedge funds and invests in both public and private equity markets globally, with a focus on technology and growth-stage companies.
Temasek
Temasek is a global investment company headquartered in Singapore, focused on long-term value creation and making a difference with tomorrow in mind across various sectors.
Index Ventures
Index Ventures is a venture capital firm that invests in entrepreneurs from seed to IPO, supporting visionary founders in building enduring companies across various technology sectors.
What's next for Alan?
With substantial backing and a clear trajectory of growth, Alan is poised for continued expansion and innovation in the digital health insurance market. The company's strategic investments signal a strong commitment to enhancing its AI capabilities and broadening its service offerings across existing and new European markets. Future developments are likely to focus on further integrating preventive care solutions and leveraging technology to provide a more personalized and efficient member experience, solidifying its position as a leader in the insurtech space.
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