Alan Announces €480 Million Financing Round to Make Prevention Insurance the New Global Standard

What happened

French digital health insurer Alan announced a €480M Series G on June 25 led by Prosus at a €5.5B valuation. Existing investors Index Ventures and Teachers' Venture Growth participated; Dara Holdings is new.

Context and impact

One of Europe's largest health-tech rounds of the year. Alan combines insurance, care and prevention on an AI-native platform — a model that bets on prevention-data plus AI agents to lower total healthcare cost. The company is profitable in France and expanding into Belgium, Spain and Canada.

Details

• Lead: Prosus; also Index Ventures, Teachers' Venture Growth, Dara Holdings
• Valuation: €5.5B
• Q1 2026 ARR: >€800M, +53% YoY; 1.1M+ members
• Operates in France, Spain, Belgium and Canada; 37,000+ business customers
• Team: 850 people