Parisian healthcare startup, that just happens to offer insurance products as well, Alan has raised €183 million in a Series E round. The company is now valued at €2.7 billion, a figure that’s almost doubled since April of last year.
The round was led by Teachers’ Venture Growth (TVG) and saw participation from existing investors including Coatue, Dragoneer, Exor, Index Ventures, Ribbit Capital, and Temasek.
Co-founded in 2016 by Jean-Charles Samuelian-Werve and Charles Gorintin, Alan has historically been known best for its insurance offers, a market perception Samuelian-Werve and Gorintin are aiming to broaden.
Over the course of 2021, the company rolled out a number of non-insurance-related products, with timely mental health services receiving the spotlight.
By 2025, Alan has set the ambitious goal of being the de facto one-stop health partner for 3 million people, adding an additional 1,000 members to its 180-person team, and becoming profitable
As a benchmark, The company points to its success in both Belgian and Spanish market entries, growing to a combined member base of over 12,000 in under one year.
“Alan empowers companies across Europe to achieve better physical and mental health for their employees. We’re delighted to partner with Jean-Charles and his team in simplifying access to health insurance and virtual and physical care through innovative, people-focused technology solutions,” commented TVG’s Olivia Steedman.
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