Alan, a prevention-focused InsurTech valued at €5.5 billion ($6.3 billion), has raised €480 million ($550 million) in a Series G funding round led by Prosus. Existing investors Teachers’ Venture Growth (TVG) and Index Ventures participated alongside new investor Dara Holdings.
The latest investment values the company at €5.5 billion, making it one of the largest InsurTech funding rounds completed in Europe this year. The transaction remains subject to regulatory approval, including clearance from the relevant French financial authorities.
Over the past decade, Alan has evolved from a traditional health insurer into a prevention insurance provider, focusing on helping members manage their health before medical issues become more serious.
Its platform combines health insurance coverage, care navigation, wellbeing services, and AI-powered health assistance into a single digital experience. Alan now serves more than 1.1 million members, over 37,000 businesses, self-employed professionals, and retirees across France, Belgium, Spain, and Canada.
The newly raised capital will support the company’s next phase of growth, including expansion into additional international markets, strengthening its presence in its four existing markets, pursuing strategic acquisitions, and increasing investment in artificial intelligence, healthcare services, and product innovation.
Alan believes artificial intelligence can make personalised preventive healthcare and care navigation available to a much wider audience. The company expects this approach to improve health outcomes while helping reduce long-term healthcare costs.
