Alan Raises €40M

Alan , the Paris-based digital health insurer focusing on freelancers and SMEs, has raised €40m in a Series B round – just 10 months after raising ~$28m. The round, which brings Alan’s total funding to ~$86m was led by Index Ventures, a previous backer, with participation from DST Global.

Founded in 2016, Alan provides different online tools to make health insurance more friendly. Last year, the company grew from 5k customers to 27k, and revenue increased from $4m to $25m. The company plans to use the money to invest in its platform, along with growing its customer base and team.

“At Alan, we want to create a dramatic move to a more transparent, caring, and delightful health experience. Moving fast – it has been only 10 months since our last fundraising – with the support of top-tier investors is a confirmation of our vision to build intuitively obvious healthcare for the community. We are human-focused and care-driven. We aim at building a different kind of company based on transparency, trust, and care both for our users and our team​.” – Cofounder and CEO, Jean-Charles Samuelian.

“We are excited to continue our partnership with Jean-Charles, Charles and the rest of the  Alan team as they re-design health insurance and healthcare more generally​. Legacy solutions lead many employers to provide limited and inefficient health insurance for their employees. Through Alan, companies can sign-up quickly and easily and offer best-in-class healthcare for their employees at a competitive price and in a digital format​.” – Managing Partner of DST Global​, Tom Stafford.