French healthcare app Alan raises 185 million euros at a valuation of 1.4 billion euros
Alan, a France-based digital health insurance platform, announced last week that it had closed a â¬ 185 million Series D funding round, bringing the company’s total valuation to $ 1.4 billion. ‘euros.
The funding comes as Alan doubles his membership base to 155,000 and exceeds â¬ 100 million in annualized revenue.
The round was led by Coatue, a technology-driven global investment manager founded by Philippe Laffont, along with Dragoneer, Exor and existing investors Index Ventures, Ribbit Capital and Temasek.
By the end of 2023, Alan will hire 400 additional people across Europe and increase his international teams from 30 to 140.
The company aims to exceed one million policyholders and hopes to achieve profitability in its home market, France by then.
With the new funding, Alan will invest in the following areas:
- For French companies: Increased automation of routine HR tasks such as affiliation of employees to health and provident insurance, updating of payroll and management of work stoppages.
- For Belgian policyholders: medical chat and psychological hotline services to provide personalized responses to members’ health problems, and the development of prevention programs to help people take care of their health.
- For Spanish policyholders: Medical concierge, making appointments and finding doctors on behalf of Alan’s Spanish members.
- For everyone: Self-care tips to access the right in-person or virtual care options, plus direct-to-consumer products for parenting (Alan Baby) and mental health.
As a healthcare app, Alan offers health insurance plans to businesses of all sizes, from startups to large corporations, and combines its health insurance offering with access to personalized information on healthcare professionals. health care, proactive care, care delivery, payment and aftercare.
Jean-Charles Samuelian-Werve, co-founder and CEO of Alan said:
âIn a post-pandemic world, our role as a trusted partner will be to re-engage individuals with the health system.
For us that means to be; personalized and tailored to the needs of each person, able to offer the best possible price and relieve financial stress, incredibly quick to provide accurate answers on health and wellness, and proactive in providing decisive medical advice to everybody.