Alan, a Paris, France-based health insurer, raised €173m in Series F funding at a $4.5b valuation.
The round was led by Belgian Belfius Bank with participation from Teachers’ Venture Growth, Temasek, Coatue, and Lakestar, and other French and international major entrepreneurs.
The company intends to use the funds to expand operations, its business reach, as well as its development efforts.
Led by Jean-Charles Samuelian, CEO, Alan is a health insurance company that aims to give everyone access to Alan Clinic to navigate the healthcare system and Alan Mind, its mental well-being offering, among others. They cover more than 400.000 members and are partners of 20.000 companies for the health of their employees. The company operates in France, Spain and Belgium. The partnership withe Belfius marks a significant milestone in Alan’s development in Belgium, offering its services to all of Belfius’ corporate and institutional clients, representing millions of employees, starting today. Over time, Alan will also cover Belfius’ 7,000 employees.
To support this growth, Alan plans to strengthen its local team by making more than 25 strategic hires in Belgium over the coming months.
FinSMEs
23/09/2024