Paris-based insurtech Alan raises €185 million in series D round, now valued at €1.4 billion

Paris-based insurtech Alan raises €185 million in series D round, now valued at €1.4 billion

Healthcare app Alan has raised €185 million in a series D round, now bringing the company’s valuation to €1.4 billion.

The round saw participation from Coatue, Dragoneer, Exor, and existing investors Index Ventures, Ribbit Capital, and Temasek. The funding is expected to fuel the recruitment efforts of an additional 400 staff and reach 1 million members in Europe by 2023

“We are excited to partner with Jean-Charles and the rest of the Alan team as they seek to transform the healthcare industry,” comments Coatue founder Philippe Laffont. “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.”

Co-founded in 2016 by Jean-Charles Samuelian-Werve and Charles Gorintin, provides insurance plans to companies ranging from startups to enterprises. Alan offers a combination of insurance and personalised 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.

“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,” comments Alan CEO Jean-Charles Samuelian.

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