Alan raises €480M led by Prosus at a €5.5bn valuation
French insurtech Alan has raised €480M led by Prosus at a €5.5bn valuation, just months after its last round. The Paris company is betting that AI-driven prevention can reshape health insurance.
Alan, the French health insurance company, has raised €480m ($550m). The deal values the Paris firm at €5.5bn ($6.3bn). Dutch investor Prosus led the round, in one of Europe’s largest non-AI raises of the year.
The financing is a Series G. Existing backers Teachers’ Venture Growth and Index Ventures joined, alongside new investor Dara Holdings. The round still needs regulatory sign-off, including from France’s financial authorities. Insurers do not close rounds the way pure software firms do.
The pace is what stands out. Alan raised €100m at a €5bn valuation just three months earlier. This round lifts that figure by €500m and pushes its total funding past €1.2bn. Few European startups raise twice in a single quarter.
The prevention...
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