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French unicorn Alan snaps €183M for its healthcare super app

Image credits: Alan

French health insurance company and also a unicorn Alan has raised €183 million in a Series E funding round, which values it at €2.7 billion. It comes after the startup raised €185 million Series D funding back in 2021.

The financing round was led by Teachers’ Venture Growth (TVG), which recently invested in Taxfix and VerSe Innovation. It is a part of the C$242 billion ($182 million) Ontario Teachers’ Pension Plan Board (Ontario Teachers’) alongside participation from existing and new investors including Temasek, Index, Coatue, Ribbit Capital, Exor, Dragoneer, and Lakestar.

Builds healthcare super app

By the end of 2025, Alan wants to become a one-stop health partner for three million people, hire 1,000 new employees and reach profitability. Besides being a one-stop healthcare partner that will answer all your questions and answers related to your health, Alan wants to build a healthcare super app.

The French healthcare startup intends to simplify access to virtual and physical care, continue to increase the capacity of the Alan Clinic and widen the range of health services to cover members’ health journeys entirely. Also, it wants to adapt to all European specificities, a year after its launch in Belgium and Spain. Already, the startup has over 12,000 members across the two countries with triple-digit growth.

The healthcare startup wants to further automate all administrative tasks for HRs, provide a state-of-the-art disability experience with a new proprietary claim management system, and develop new employee-focused mental-health tools and workshops for HR professionals.

Olivia Steedman, Senior Managing Director at TVG, said: “Alan empowers companies across Europe to achieve better physical and mental health for their employees. We’re delighted to partner with Jean-Charles and his team in simplifying access to health insurance and virtual and physical care through innovative, people-focused technology solutions.”

Jean-Charles Samuelian-Werve, co-founder and CEO of Alan noted: “We are very excited to be working with Teachers’ Venture Growth and to have the trust of our existing investors. They will help us become the one-stop health partner for the body and the mind for all Europeans. We will use the funds to move towards achieving our mission and build the best healthcare experience people could ever dream of.”

First independent health insurance company

Founded in 2016 by Charles Gorintin and Jean Charles Samuelian in Paris, Alan attracts the best talent by creating tailored positions, offering some of the most flexible work policies in Europe and investing tremendous energy in people’s growth. The startup works with the mission to make personal, proactive and holistic health part of people’s daily life. It strives to be the world’s most member-centric healthcare company.

Alan became the first independent health insurance company in France to receive a license. It distributes its own health insurance plans to companies of all sizes and to independent professionals. It provides its members with a delightful experience, intuitive usage and wellness coverage and its services are designed to give everyone access to a healthy and productive life, empowering the body and the mind.

With Alan Clinic, members can instantly access relevant practitioners and chat, book appointments, or have teleconsultations. Alan Clear lets members can try out glasses, through virtual reality and buy a pair directly on the app. The app, Alan Mind lets anyone access a bespoke mental health support, anywhere, anytime, in the chosen format.

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