Alan raises $220 million for its health insurance and healthcare superapp

22 Apr, 2021

Alan raises $220 million for its health insurance and healthcare superapp
Photo by Ant Rozetsky on Unsplash

– French startup Alan has raised a $220m funding round at a $1.67bn valuation.
Coatue is leading the round with Dragoneer, Exor, and existing investors Index Ventures, Ribbit Capital and Temasek also participating.
– Alan has been building health insurance products from scratch.
– The company now covers 160,000 people.
– Overall, Alan generates over €100m in annualized revenue.
– The company has some capital requirements to comply with health insurance regulation.
– Alan managed to meet its goals and international expansion finally started to take off.

Health Care Health Insurance Insurance Western Europe
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