Alan, a Paris, France-based digital health insurance provider, raised €50m in Series C funding.
The round, which brought the total amount raised since founding to €125m, was led by Temasek, with participation from existing investor Index Ventures.
The company intends to use the funds to launch additional health services and expand internationally across Europe.
Founded in 2016 by Jean-Charles Samuelian and Charles Gorintin, Alan is an independent digital health insurance provider which gives to its members access to medical professionals, through in-person appointments or by video. Clients are provided with access to information and care support through the company’s app, which includes tools to anticipate health journeys which may involve many different health professionals and clinics.
- “Alan Map” which enables users to source medical help and handle all reimbursements, and
- the Doctor Address Book which allows members to keep all their doctor information in one platform.
In response to COVID-19, Alan has also introduced “Coup de pouce”, which gives free access to the latest available information on the pandemic, personalized symptom checker, free telemedicine service, and helps improve mental well-being of users through mediation and yoga.
The company distributes its own health insurance plans directly to companies and individuals. Alan today covers more than 76,000 members, representing €58m of revenue +165% in 2019).
It has a team of 200 people.