Alan, a Paris-based digital health insurance provider, has closed a €50 million (approx $54 million) Series C round led by Singapore’s Temasek, with support from other investors such as Index Ventures. The funding brings the company’s total amount raised to €125 million ($136 million).
“Once the world begins to emerge from the COVID-19 health crisis, we believe that patients’ expectations and demands on the health care system will lead to a much faster transition to digital solutions,” said Jean-Charles Samuelian, co-founder and CEO of Alan.
“This is not just about convenience, but about delivering better care.”
The French insurtech company has built a platform that gives users access to medical professionals, both through in-person appointments and by video calls. Within the app, users can search medical advice, find doctors, and manage insurance claims and reimbursements.
Designed for individuals and companies, the digital insurance currently covers over 75,000 members, according to a press release. Several features cater to HR teams, with the hopes of snagging enterprise clients and becoming “an HR gateway for employee health and well-being”.
When founded in 2016, the company claimed to be the first independent insurance licensed in France in 30 years. Just last year, Alan closed a €40 million Series B (led by Index Ventures) and grew its 200-person team with new offices in Spain and Belgium. The plan is to expand into “most European countries” within the next five years.
Illustration: Li-Anne Dias.
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