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French insurtech Alan surges to €5bn valuation mark
Alan raised $116 million to fuel AI-driven product innovation and international growth, reporting €785 million ARR in 2025 and operational profitability in France, led by Index Ventures.
- Yesterday, Alan closed a 100 million funding round led by Index Ventures that values the company at 5 billion, according to the company announcement.
- Founded in 2016, Alan grew quickly as the first new independent insurer licensed in France since 1986 and expanded into Spain, Belgium, and Canada, securing a federal Canadian licence in late 2024.
- It reached �785 million in annual recurring revenue in 2025, serves one million members and employs 740 people, while narrowing net losses of �61 million in 2023 and �56 million in 2024.
- Jean-Charles Samuelian-Werve said the capital will be used for international expansion and product upgrades as Alan aims for $1.16 billion in ARR in 2026 rather than full profitability.
- Amid a star-studded investor roster, Alan's raise cements its market standing with Belfius, Greenoaks, and Kaaf backing, while contracts cover 135,000 civil servants and clients like HP and Volkswagen.
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15 Articles
Antoine Griezmann invests in a French insurance company. Griezmann is diversifying his non-football investment portfolio. The Atlético Madrid striker has just joined the shareholder base of Alan, a French insurer specializing in online health insurance, following a €100 million fundraising round, according to Challenges magazine. Griezmann, who has 137 caps for the French national team, thus becomes a shareholder in the platform alongside instit…
DEXYPTAGE - In particular, the young health insurer has won ministry contracts. Ten years after its creation, it is valued at €5 billion.
French insurtech Alan hits €5B valuation
A decade after becoming the first new independent health insurer in France in 30 years, Alan has closed a €100M round backed by Index Ventures, Shopify’s Tobi Lütke, and World Cup winner Antoine Griezmann, and it’s not slowing down. Alan, the Paris-based health insurance startup, has raised €100 million ($116 million) in a new round […] This story continues at The Next Web
Health insurance startup Alan reaches €5B valuation
Created in 2016, Alan has grown into a team of 740 people serving 1 million employees, freelancers, and retirees with health insurance and wellness services. Its app already lets users manage reimbursements, access doctors, and track health habits.
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