French digital health insurer, Alan, has successfully secured a substantial $193m in its latest Series F funding round.
According to Life Insurance International, this financial boost was spearheaded by Belfius Bank, a major Belgian financial institution, and included participation from a mix of new and existing investors such as OTPP via Teachers’ Venture Growth, Temasek, Coatue, and Lakestar. Prominent entrepreneurs from France and around the globe also contributed to this funding effort.
Alan’s operations, which span across France and Belgium, with Belgium being its second-largest market, have now been significantly strengthened. This funding initiative is part of a broader collaboration with Belfius Bank, which has not only invested in Alan but also selected it to provide health insurance for its 7,000 employees. Furthermore, Belfius Bank plans to introduce Alan’s innovative health services to its corporate and institutional clients in Belgium.
Alan is renowned for its digital health insurance solutions that combine advanced technology with user-centric services. The company leverages artificial intelligence to personalise healthcare services, streamline claims processes, and improve overall operational efficiency. This approach ensures that clients receive timely and tailored healthcare support.
The newly acquired funds will be directed towards accelerating Alan’s growth and technological advancements, with a particular focus on expanding its footprint in the Belgian market. This includes enhancing its product offerings and increasing its local team by over 25 members in the upcoming months. Alan aims to achieve group profitability by 2026, maintaining a strong focus on financial autonomy and sustainable growth.
In addition to these developments, the investment will also support Alan’s international ambitions, helping the company to implement cutting-edge, accessible health products and services to a broader audience.
Jean-Charles Samuelian, CEO of Alan, highlighted the strategic significance of the partnership with Belfius: “This privileged partnership with Belfius, whose transformation over the past decade has been truly inspiring, opens the door to a new era for Alan in Belgium. Belfius’ investment will allow us to accelerate our development and expand our capacity to offer cutting-edge, accessible health products and services to a wide audience.”
Previously, Alan has demonstrated a strong track record in fundraising, with several successful rounds that have cumulatively raised significant capital to fuel its growth and innovation in the healthcare insurance sector.
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