🦄 Alan raises €480 million at a €5.5 billion valuation

French health insurer and healthcare platform Alan has raised €480 million ($550 million) in a Series G financing round that values the company at €5.5 billion ($6.3 billion).

The round is led by Prosus and includes existing investors Teachers’ Venture Growth and Index Ventures, alongside new investor Dara Holdings. The financing remains subject to regulatory approvals.

Founded in 2016, Alan has evolved from a digital health insurer into what it calls a “prevention insurance” company, combining health coverage, care navigation, wellbeing services, and AI-powered health assistance in a single platform.

The company said it surpassed €800 million in annual recurring revenue in the first quarter of 2026, up 53% year over year, serves more than 1.1 million members, and is profitable in France.

The new capital will support international expansion, acquisitions, and continued investment in artificial intelligence, healthcare services, and product development.

Alan employs more than 850 people and says its long-term ambition is to make prevention-focused insurance the preferred model for healthcare globally.

“Healthcare presents one of the most significant global opportunities for AI-led transformation. 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.” – Fahd Beg, Head of Investments at Prosus Group.

It also appears that Alan plans to launch Alan Campus in January 2027, a digital health insurance offering for students aged 18 to 28.