Alan Announces $28.3M Series A

Less than two years after becoming the first health insurance company to be licensed in France since 1986, Alan is announcing a $28.3M Series A round, which brings its total funding to date to $41.3M.

The round was led by Index Ventures, with Jan Hammer joining their board. All their previous investors (Open CNP, Partech, Portag3) are also re-investing. According to a blog post published by the company, Alan’s seed round was dedicated to obtaining insurance license, launching the product and reaching a product-market-fit. Now, the Series A round will be used to (1) hit more than 100,000 policyholders in the next three years, (2) grow the team to 80 employees by the end of 2018, and (3) build Alan’s vision of empowering users to enjoy healthier lives with minimal effort with simple-to-use and well-designed services to take better health-related decisions.

Bottom Line: spotted similarities between Oscar and Alan (think: welcome kits and subway ads):