Paris-based digital health insurance provider Alan has raised €173 million in a Series F funding round, bringing its valuation to €4 billion. Led by Belgian bank Belfius, the round also saw participation from existing investors such as Teachers’ Venture Growth (OTPP), Temasek, Coatue, and Lakestar, along with notable entrepreneurs from France and abroad.
The newly raised funds will be used to accelerate Alan’s growth, enhance its technology, and support its international expansion efforts. The company is aiming for group-wide profitability by 2026. The company’s governance remains unchanged, with founders and employees holding over 40% of the company’s capital and a majority of voting rights.
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The Journey to Revolutionize Healthcare
Founded in 2016 by Jean-Charles Samuelian and Charles Gorintin, the insurance provider offers a fully digital health insurance platform designed to simplify access to healthcare services. The company’s offerings include personalized prevention plans, a virtual clinic, and an online optical center. The french startup has expanded its services to 650,000 members across France, Spain, and Belgium and is projected to generate €450 million in annual recurring revenue by 2024.
Strategic Partnership with Belfius
The company has also formed a strategic partnership with Belfius, allowing the startup to serve Belfius’ corporate and institutional clients. This partnership will extend the firm’s services to millions of employees, including Belfius’ 7,000 staff. The collaboration is aimed at leveraging strengths in AI-driven healthcare services and prevention to transform Belgium’s healthcare system.
