Health Insurance Startup Alan Raises €480 Mn in Round

The Series G funding round comes just a few months after Alan raised €100 million at a €5 billion valuation. With this latest investment, the Paris-based company has now raised more than €1.2 billion in total funding.

The new round is being led by Prosus, a new investor in the company. Existing investors Teachers’ Venture Growth (TVG) and Index Ventures, along with new investor Dara Holdings, also participated in the round.

According to the Financial Times, Prosus’s investment includes both new capital for the company and the purchase of existing shares from current shareholders.

“Healthcare presents one of the most significant global opportunities for AI-led transformation,” said Fahd Beg, Head of Investments at Prosus Group. "Alan has built something unique: an integrated platform where insurance, prevention and care delivery reinforce each other, creating an exceptional healthcare experience for consumers and outstanding platform engagement. We're excited to partner with Alan to accelerate its international expansion and unlock value through our ecosystem.”

Jean-Charles Samuelian-Werve, Co-founder and CEO of Alan, said: “Health can't wait, not for symptoms to get worse, not for a six-month appointment, not for the system to catch up. Yet that is exactly how healthcare works today. We believe great health is a universal right, and that prevention should be too. For ten years we have shown that technology can turn healthcare from reactive to proactive, helping people act early instead of reacting late. That is what prevention insurance is, and it's the category we are building. We selected Prosus for their very deep expertise in international expansion and consumer products and to benefit from the incredible ecosystem they are building. We are still at the very beginning of what Alan can become."

Alan is building a new type of health insurance that combines insurance, preventive healthcare, and medical care in one platform. The company serves more than 1.1 million members and focuses on helping people stay healthy rather than only providing support when they become ill.

Instead of simply covering medical costs, Alan aims to help users prevent health issues and manage their health more effectively every day. The company focuses on early intervention and ongoing health support.

Alan is an independent company regulated by France’s financial and insurance regulator. Its platform supports both physical and mental wellbeing while making healthcare easier to access.

Members can access customer support seven days a week, consult doctors directly through the platform, and receive fast and reliable reimbursement for healthcare expenses.