Insurtech Alan raises 185 million euros and becomes the 12th French unicorn

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The start-up Alan has announced a new fundraising of 185 million euros which gives it the status of twelfth French unicorn alongside Blablacar, Dataiku or Doctolib. Indeed, this transaction values ​​the company at 1.4 billion euros.

The round table brought together Coatue Management, Dragoneer and Exor as well as Index Ventures, Ribbit Capital and the Singapore fund Temasek, already present in the capital.


Reach one million users
Thanks to these new funds, Alan wants to continue the deployment of his complementary online health offer to reach one million users by 2023 and plans to recruit 400 people to complete his team of 325 employees.

Currently, the unicorn services are used by 155,000 members, including 9,400 companies, in France, Spain and Belgium. She claims 102 million euros in annual income.

An approved complementary
Alan offers a complementary health offer that received approval from the Prudential Control and Resolution Authority (ACPR) in 2016, a few months after its launch. In 2017, he added a provident fund to his portfolio. It targets in particular the self-employed, SMEs and mid-size companies.

The company emphasizes the satisfaction of its members, which continues to improve between the start of use of the product and the following 12 months. The services offer, for example, a real-time work stoppage, a teleconsultation service, a self-diagnostic tool, a psychological support line or a deferred payment option for companies.

The latest is Alan Baby, a service launched last January dedicated to young parents. It offers a medical chat with early childhood experts, discussion groups to share experiences and educational content.

Data is end-to-end encrypted
Data protection is a theme central to the concerns of the start-up. Last November, it announced the integration of end-to-end encryption – a communication protocol allowing only people who communicate to read the messages exchanged – in its medical teleconsultation service.

Beyond the technical aspect, the adoption of end-to-end encryption is a major commercial argument to stand out, especially in the health sector with the requirement of medical confidentiality. By the way, encrypting email data is only the first step in this process. “This is still only a project, but we could think of also encrypting health documents, such as prescriptions, that our members store on Alan“, confided at that time Charles Gorintin, co-founder and CTO of Alan.

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