Alan, a prevention insurance platform serving over 1.1 million members, has secured a €480m ($550m) Series G financing round, valuing the business at €5.5bn ($6.3bn).
The round is led by Prosus, a Netherlands-headquartered technology operator and investor, with participation from existing backers Teachers’ Venture Growth (TVG) and Index Ventures, alongside new investor Dara Holdings. The deal remains subject to regulatory approval, including sign-off from the relevant French financial authorities.
The capital will be used to accelerate Alan’s entry into new markets globally, deepen its footprint in France, Belgium, Spain and Canada, pursue acquisitions, and step up investment in artificial intelligence, healthcare services and product development.
Alan entered 2026 in a strong position, recording more than €800m in Annual Recurring Revenue in Q1 and delivering 53% year-on-year growth. The company has surpassed 1.1 million members and reached profitability in its home market of France.
Founded a decade ago as a health insurer, Alan has since evolved to pioneer what it describes as prevention insurance, a model that integrates health coverage, care navigation, wellbeing services and AI-powered health assistance into a single platform.
Rather than intervening only when a member falls ill, the platform is designed to enable early action and continuous health management.
Alan is regulated by the French Prudential Supervision and Resolution Authority (ACPR) and serves more than 37,000 businesses, as well as self-employed professionals and retirees, across four countries.
Alan co-founder and CEO Jean-Charles Samuelian-Werve said, “Health can’t wait, not for symptoms to get worse, not for a six-month appointment, not for the system to catch up. Yet that is exactly how healthcare works today. We believe great health is a universal right, and that prevention should be too.
“For ten years we have shown that technology can turn healthcare from reactive to proactive, helping people act early instead of reacting late. That is what prevention insurance is, and it’s the category we are building. We selected Prosus for their very deep expertise in international expansion and consumer products and to benefit from the incredible ecosystem they are building. We are still at the very beginning of what Alan can become.”
Prosus Group head of investments Fahd Beg said, “Healthcare presents one of the most significant global opportunities for AI-led transformation.
“Alan has built something unique: an integrated platform where insurance, prevention and care delivery reinforce each other, creating an exceptional healthcare experience for consumers and outstanding platform engagement. We’re excited to partner with Alan to accelerate its international expansion and unlock value through our ecosystem.”
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