Healthtech startup Alan has raised a €480m Series G funding round, valuing the digital insurer and healthcare platform at €5.5bn.
Dutch investment giant Prosus led the round, alongside existing backers Index Ventures and Teachers' Venture Growth, as well as new investor Dara Holdings.
Founded in 2016, Alan began as a digital health insurance provider but has expanded into a broader healthcare platform combining insurance, care and prevention services. The company says its AI-native approach allows it to offer more personalised healthcare experiences while scaling with limited headcount growth.
Alan said it reached more than €800m in annual recurring revenue in the first quarter of 2026, representing 53% year-on-year growth. The company serves more than 1.1m people and is profitable in France, its largest market.
Prosus said it will support Alan’s expansion into other international markets and help accelerate product development through access to its AI capabilities, including its Large Commerce Model.
“Healthcare presents one of the most significant global opportunities for AI-led transformation,” said Fahd Beg, head of investments at Prosus.
Writing on LinkedIn, Alan CEO and cofounder Jean-Charles Samuelian-Werve, who also helped set up French AI darling Mistral, said: “This round gives us the means to move faster: expand to new countries, deepen our presence where we already are, invest even more in AI and product, and pursue the strategic opportunities ahead.”
Samuelian-Werve previously told Sifted that Alan’s edge comes from its “obsessive” focus on product and user experience in a historically stagnant sector.
“We were obsessed with rethinking every single part of the user experience in a market that did very little of this, but which is huge and has lots of needs,” he said.
The deal remains subject to regulatory approvals.
