Alan company profile: valuation, funding & revenue

This Alan company profile covers the company's valuation, revenue, funding rounds, investors and history. Alan works in insurtech, with a focus on health insurance and health services. It was founded in 2016 and is headquartered in Paris, France. Its latest valuation on record is €5.5 billion (June 2026). Every figure links to a public source, and anything the company hasn't disclosed is marked as such.

Revenue

€785 million in annual recurring revenue, up 53% — ARR (company-reported), as of 2025. Source: The Next Web.

Funding history

Alan timeline

Key dates from the sources on this page, oldest first. Metric snapshots are listed after the funding events.

• 2016 — Alan is founded in Paris by Jean-Charles Samuelian-Werve (CEO) and Charles Gorintin.
• Sep 2024 — Equity round: €173M, valuing the company at €4.5B. Investors: Belfius and others.
• Mar 2026 — Equity round: €100M, valuing the company at €5B. Investors: Index Ventures (lead); Greenoaks, Kaaf.
• Jun 2026 — Series G (agreed; subject to regulatory approval): €480M, valuing the company at €5.5B. Investors: Prosus (lead); Teachers' Venture Growth, Index Ventures, Dara Holdings.
• March 2026 — Members: More than one million covered members in France, Belgium, Spain and Canada.
• March 2026 — 2026 target: €1 billion in ARR.

Investors

Overview

Alan is a French health insurance company that combines insurance with digital health services. Employers buy Alan cover for their staff, and individuals, freelancers and retirees can buy it directly. Members manage everything in an app: checking what's covered, submitting claims (often reimbursed within a day), finding doctors, chatting with medical professionals, and using prevention and mental health programmes. Alan describes itself as a "health partner" rather than just a payer of bills.

Jean-Charles Samuelian-Werve, the CEO, and Charles Gorintin founded Alan in Paris in 2016. Samuelian-Werve had previously co-founded Expliseat, an aircraft seat company; Gorintin had worked on data science at Facebook and Twitter. In 2016 Alan became the first new insurance company licensed in France in decades. It now operates in France, Belgium, Spain and Canada.

How French health insurance works

In France, the national health insurance system (Assurance Maladie) covers a large share of medical costs, but not all. Most people also have "complementary" health insurance, called a mutuelle, that pays the rest, such as part of doctor's fees, hospital stays, dental care and glasses. Since 2016, employers have been required to offer complementary cover to their employees and pay at least half of the premium. That rule created a large, stable market, dominated by traditional insurers and mutual societies. Alan entered it with a digital-first product, faster claims and a simpler experience.

Business model

Alan earns insurance premiums, mainly from companies covering their employees. Its profitability depends on the loss ratio (claims paid as a share of premiums), its operating costs, and investment income on reserves. Its technology aims to reduce administrative costs and improve customer experience; its prevention and early-care services aim to reduce claims over time. Alan also offers additional services, such as access to doctors through its app, that strengthen loyalty.

Revenue and profitability

Alan reported €785 million in annual recurring revenue for 2025, up 53%, and is targeting €1 billion in 2026. It crossed one million members. It reported net losses in 2023 and 2024 but says it halved its losses as a percentage of revenue over the past year and reached operational profitability in France, its largest market. A contract to provide health insurance to tens of thousands of French civil servants and their families was a notable win.

Funding

Alan has raised money from investors including Index Ventures, Temasek, Ribbit Capital, Teachers' Venture Growth, Coatue, Dragoneer and Belfius, a Belgian bank and insurer that is also a distribution partner. In September 2024 it raised €173 million at a €4.5 billion valuation. In March 2026 it raised €100 million at a €5 billion valuation, led by Index Ventures, with new investors Greenoaks and Kaaf. The company said the money would fund more investment in technology and AI. A single later report described a larger round at a higher valuation; we haven't been able to confirm it, so we use the March 2026 figure.

AI in health insurance

Alan has been an early adopter of AI. It uses AI to process claims, answer member questions, help members find the right care and support its own medical teams. It has also built AI-powered health assistants that members can consult. For an insurer, automating claims and customer service reduces costs significantly, and better guidance can lead members to appropriate, cost-effective care. The challenge is ensuring medical advice is safe and that automated decisions are accurate and fair.

Competition

Alan competes with large French insurers and mutual societies such as AXA, Allianz, Malakoff Humanis, Harmonie Mutuelle and many others, which dominate the market, as well as with other digital health insurers. In other countries it competes with local insurers. Its advantages are its product experience, fast claims and integrated health services; its challenge is winning large employers from incumbents with deep relationships and broad product ranges.

Alan at a glance

Alan is a Paris health insurance company founded in 2016 by Jean-Charles Samuelian-Werve and Charles Gorintin. It reported €785 million in ARR for 2025, up 53%, and more than one million members across France, Belgium, Spain and Canada. It raised €173 million at €4.5 billion in September 2024 and €100 million at €5 billion in March 2026, led by Index Ventures.

Why insurtechs struggled, and why Alan is different

Many insurance startups that went public in the US around 2020 saw their share prices collapse because their claims costs were higher than expected and growth required heavy spending. Insurance is a business where underwriting discipline matters more than marketing. Alan has grown more steadily in a market with mandatory employer coverage, focused on companies rather than individuals, and narrowed its losses. Its path to profitability, rather than just growth, is what recent investors have been backing.

Choosing a health insurer for employees

• How quickly are claims reimbursed, and how easy is the app for employees?
• What extra services, such as telemedicine or mental health support, are included?
• How do premiums compare for the coverage level you need?
• How stable has the insurer's pricing been at renewal?

Employers increasingly compare insurers on employee satisfaction scores as well as price, since health benefits are a visible part of the overall package offered to staff. Digital insurers like Alan also give HR teams dashboards that make it easier to add new hires, change cover levels and answer employee questions, which reduces administrative work in growing companies. For employees, faster reimbursement is often the feature they notice and value most in day-to-day use.

Latest developments (October 2026)

In June 2026 Alan agreed a €480 million Series G led by Prosus at a €5.5 billion valuation, according to Tech.eu. Existing backers Teachers' Venture Growth and Index Ventures joined, along with new investor Dara Holdings. The round was reported as still subject to regulatory approval. Alan said it passed €800 million in annual recurring revenue in the first quarter of 2026, serves more than 1.1 million members and is profitable in France, and that it will use the money for international expansion, especially in Canada, as well as acquisitions and AI. This supersedes the March 2026 €5 billion valuation described earlier on this page.

What to watch

Watch whether Alan reaches €1 billion in ARR in 2026, group-wide profitability, expansion outside France, AI health services and any IPO plans.

For different readers

HR leaders can use digital-first insurers to improve employee experience. Founders in regulated industries can learn from how Alan obtained a licence and built a better product inside strict rules. Investors should focus on loss ratios and operating costs, not just revenue growth.

Sources

Every figure on this page comes from the public sources below. Where sources disagreed, we used the company's own announcement or a primary news report. Private-company data changes; check the date beside each figure.

1. Tech.eu
2. The Next Web
3. TechCrunch