Today Alan, a leading independent digital health insurance provider in France, has closed a €50 million Series C investment round to transform how healthcare is delivered to everyone. Temasek, a global investment company headquartered in Singapore, led the round along with existing investors including Index Ventures. This brings the company’s total amount raised since founding to €125 million.
Alan, founded in 2016, unlocks frictionless, fair and friendly healthcare for everyone. Founded by Jean-Charles Samuelian and Charles Gorintin, Alan was the first independent health insurance company in France since 1986. The startup distributes its own health insurance plans to both companies and individuals, providing a delightful health experience, beautifully designed tools, and wellness coverage (meditation, etiopathy, osteopathy). Currently, Alan covers more than 76,000 members, and has grown its team to 200 people.
Co-founder Jean-Charles Samuelian explained: “Since its creation, Alan has been driven by its mission to make the healthcare system frictionless, fair and friendly for everyone. In the current crisis, this is more needed than ever. The global COVID-19 outbreak has reinforced people’s aspiration for more control over their health, and for a better healthcare system at every level.”
With the new funds raised, the startup will push its growth via 4 main avenues: offering better health insurance coverage to its members; digitising healthcare for companies; becoming the leading app for instant health info; and, expanding internationally (following the opening of two new offices in Spain and Belgium this summer, Alan aims to expand in most European countries over the next 5 years).
Additionally, Alan has been quick to respond to the COVID-19 health crisis, offering its members fast and easy access to medical professionals, through in-person appointments or by video. Clients are provided with frictionless access to information and care support through the company’s app, which includes tools to better anticipate health journeys which may involve many different health professionals and clinics. Offerings include “Alan Map” which enables users to quickly source medical help and handle all reimbursements, and the Doctor Address Book which allows members to keep all their medical information in one place.
Alan has also introduced “Coup de pouce”, free access to the latest available information on the pandemic, personalized symptom checker, free telemedicine service, as well as helping to improve mental well-being of users through mediation and yoga.
“Once the world begins to emerge from the COVID-19 health crisis, we believe that expectations and demands on the healthcare system will lead to a much faster transition to digital solutions. This is not just about convenience, but about delivering better care,” commented Jean-Charles Samuelian, co-founder and CEO of Alan.