Alan raises €50 million

Alan, the Paris-based digital health insurance provider, has closed a €50 million Series C round led by Temasek, with participation from existing investors including Index Ventures. This round brings the startup’s total funding to date to $141 million.

Founded in 2016, Alan became the first independent health insurance company in France since 1986 and it currently employs around 200 people. The startup, which allows members to access medical professionals through in-person appointments or by video, covers more than 76,000 members, representing €58m of revenue – a 165% increase in 2019.

“Once the world begins to emerge from the COVID-19 health crisis, we believe that expectations and demands on the healthcare system will lead to a much faster transition to digital solutions. This is not just about convenience, but about delivering better care. Since its creation, Alan has been driven by its mission to make the healthcare system frictionless, fair and friendly for everyone. In the current crisis, this is more needed than ever. The global COVID-19 outbreak has reinforced people’s aspiration for more control over their health, and for a better healthcare system at every level.” – Jean-Charles Samuelian, cofounder and CEO of Alan.