Alan
Founded Year
2016Stage
Series F | AliveTotal Raised
$749.27MValuation
$0000Last Raised
$193.17M | 5 days agoRevenue
$0000Mosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-36 points in the past 30 days
About Alan
Alan is a company focused on providing health insurance services and preventive health solutions within the healthcare industry. The company offers health insurance plans, a healthcare system navigation tool through Alan Clinic, and mental well-being support with Alan Mind, designed to improve the health and productivity of individuals and corporate employees. Alan primarily serves diverse sectors including tech startups, hospitality, public sector, retail, and industrial businesses. It was founded in 2016 and is based in Paris, France.
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ESPs containing Alan
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The digital health insurance providers market refers to insurtech companies that provide private health insurance plans. Companies in this market often focus on providing distinguished value propositions — like telehealth and preventative care services, direct pay capabilities, or member navigation apps. Digital health insurance providers go beyond just the insurance sales process, and some of the…
Alan named as Challenger among 12 other companies, including Oscar, Clover Health, and Acko.
Alan's Products & Differentiators
Alan Insurance
Industry defining health insurance for employees of our customers
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Research containing Alan
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Alan in 6 CB Insights research briefs, most recently on Oct 10, 2022.
Aug 4, 2022 report
State of Insurtech Q2’22 Report
Jul 18, 2022 report
State of Digital Health Q2’22 Report
Expert Collections containing Alan
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Alan is included in 10 Expert Collections, including HR Tech.
HR Tech
4,044 items
The HR tech collection includes software vendors that enable companies to develop, hire, manage, and pay their workforces. Focus areas include benefits, compensation, engagement, EORs & PEOs, HRIS & HRMS, learning & development, payroll, talent acquisition, and talent management.
Unicorns- Billion Dollar Startups
1,244 items
Fintech 100
999 items
250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.
Insurtech
3,179 items
Companies and startups that use technology to improve core and ancillary insurance operations. Companies in this collection are creating new product architectures, improving underwriting models, accelerating claims and creating a better customer experience
Digital Health 50
300 items
The most promising digital health startups transforming the healthcare industry
Future Unicorns 2019
50 items
Alan Patents
Alan has filed 27 patents.
The 3 most popular patent topics include:
- archery
- battery (electricity)
- battery charging
Application Date | Grant Date | Title | Related Topics | Status |
|---|---|---|---|---|
11/10/2022 | 3/12/2024 | Archery, Submarine power cables, Bows (archery), HVDC transmission lines, Firearm actions | Grant |
Application Date | 11/10/2022 |
|---|---|
Grant Date | 3/12/2024 |
Title | |
Related Topics | Archery, Submarine power cables, Bows (archery), HVDC transmission lines, Firearm actions |
Status | Grant |
Latest Alan News
Sep 23, 2024
French digital health insurance startup Alan has reached a valuation of €4 billion following a €173 million ($193 million) funding round led by Belgian bank Belfius Bank SA. Follow us: The strategic partnership not only boosts Alan ’s financial position but also marks Belfius ’ switch to Alan for health insurance coverage for its 7,000 employees. Additionally, Belfius will offer Alan’s services to its corporate clients in Belgium. The deal highlights Belfius’ increasing involvement with prominent French startups. Earlier this year, the bank invested in a funding round for Mistral AI, a French competitor to OpenAI. Jean-Charles Samuelian-Werve , co-founder and CEO of Alan, also serves as a board member and adviser to Mistral AI. Alan, known for utilising artificial intelligence to streamline and automate insurance claim processing, has grown rapidly. The company generated €355 million in revenue in 2023, according to a blog post from Samuelian-Werve. The insurtech now provides coverage to approximately 650,000 individuals across 23,000 companies in France, Spain, and Belgium. Belfius CEO Marc Raisiere revealed that the bank had considered developing its own digital insurance platform but ultimately determined that Alan’s offering was superior. The partnership with Alan underscores Belfius’ commitment to leveraging innovative tech solutions to enhance its service offerings. Since 2021, Alan has raised over half a billion euros in funding, positioning it as one of Europe’s most valuable insurtech firms. The new round of investment marks a significant milestone in Alan’s mission to transform health insurance across Europe. Share this article: APPLY TO SPONSOR Gain access to the most senior audience of insurance executives, entrepreneurs, and investors. We offer a wide range of opportunities for you to engage with our attendees from networking to thought leadership. Sponsorship packages provide a wide range of opportunities developed for almost any budget and are designed to help achieve your branding, networking, and/or thought leadership goals. Don’t Stop Here
Alan Frequently Asked Questions (FAQ)
When was Alan founded?
Alan was founded in 2016.
Where is Alan's headquarters?
Alan's headquarters is located at 117 Quai de Valmy, Paris.
What is Alan's latest funding round?
Alan's latest funding round is Series F.
How much did Alan raise?
Alan raised a total of $749.27M.
Who are the investors of Alan?
Investors of Alan include Temasek, Coatue, Ontario Teachers', Lakestar, Belfius Bank and 16 more.
Who are Alan's competitors?
Competitors of Alan include Digit Insurance, Next Insurance, Spruce, Snapsheet, Groundspeed and 7 more.
What products does Alan offer?
Alan's products include Alan Insurance and 3 more.
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Compare Alan to Competitors
Bima Milvik provides digital health solutions in the healthcare industry. The company offers services such as telemedicine, discounts on medicines and lab tests, hospital cashback, and a health wallet with points. BIMA primarily serves underserved families across South Asia, Southeast Asia, and Africa. It was founded in 2010 and is based in Stockholm, Sweden. In October 2023, CapitalSG and LeapFrog Investments acquired a majority stake in Bima Milvik.
Snapsheet specializes in insurance technology solutions. It enables a claim process starting with virtual estimations all the way to final repairs and payment, by generating communication between consumers, shops, and carriers. The company offers a range of services including appraisals, claims management, and payments, all aimed at managing the insurance claims process. It primarily serves the insurance industry. It was founded in 2011 and is based in Chicago, Illinois.
Energie Mutuelle focuses on providing health insurance services. The company offers complementary and supplementary health insurance services, designed to meet the varying health needs of individuals. It primarily serves the employees and retirees of the electric and gas industries. It was founded in 1996 and is based in Paris, France.
AVENIR SANTE MUTUELLE operates as a non-profit organization focused on providing social protection in the health sector. The company offers a range of health and provident insurance solutions, designed to protect individuals and their families against unforeseen life events. These services are primarily targeted towards various segments including young people, families, seniors, independent professionals, active individuals, retirees, communities, and small to medium-sized businesses. It was founded in 1943 and is based in Versailles, France.
NAL Insurance focuses on providing alternative insurance coverage. The company's main services include disability protection, critical illness coverage, out-of-province medical coverage, and accident medical reimbursement. It primarily sells to the trucking industry. It was founded in 1955 and is based in London, Canada.
Solimut Mutuelle de France focuses on health insurance and related services. The company offers health insurance, supplementary insurance, and provident services, aiming to provide access to healthcare for all without discrimination or medical questionnaires. The company serves individuals, professionals, businesses, public sector entities, and associations. It was founded in 2008 and is based in Paris, France.
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