Alan, a Paris, France-based digital insurance company, raised €23m in Series A funding.
The round was led by Index Ventures with participation from Xavier Niel, Open CNP, Partech and Portag3 Ventures LP.
The company will use the funds to reach 100,000 users covered within three years, grow the team to 80 employees by the end of 2018, and build its services.
Founded in 2016 by Jean-Charles Samuelian and Charles Gorintin, Alan is a licensed digital health insurance provider. It is a primary insurer and distributes its own health plans directly to companies and individuals.
Alan has already covered more than 7,000 people at 850 companies.
As of today, the company has raised total funds of €37m.