Alan raises €185 million

Paris-based healthcare app Alan has raised €185 million in a series D round that included Coatue, Dragoneer, Exor, and existing investors Index Ventures, Ribbit Capital, and Temasek, bringing the company’s valuation to €1.4 billion. The funding is expected to fuel the recruitment efforts of an additional 400 staff and reach 1 million members in Europe by 2023.

Founded in 2016, Alan became the first independent health insurance company in France since 1986 and it currently employs around 391 people. Alan offers a combination of insurance and personalized health care information, proactive care, care delivery, payment and post-care. The company currently covers approximately 9400 companies including WeWork, Deliveroo, JustEat, Vitaliance, Big Mamma in France, Belgium, and Spain, representing 155,000 members.

“We are excited to partner with Jean-Charles and the rest of the Alan team as they seek to transform the healthcare industry. With their people-centric approach, Alan delivers better care for patients at a lower cost for the healthcare system. We are proud to support their vision of building the healthcare super-app.” – Coatue founder Philippe Laffont.

“In a post-pandemic world, our role as a trusted partner will be to re-engage individuals with the healthcare system. For us, this means being; personalised and tailored to each person’s needs, able to offer the best price possible and relieving financial stress, incredibly fast at delivering accurate answers on health and wellbeing, and proactive when providing decisive medical guidance to everyone.” – Alan CEO Jean-Charles Samuelian.