Funding · Fintech
Alan raises €100m with Index Ventures leading
The March financing values the health insurer above €5bn as it expands its Canadian business.
Expansion after the financing
Index leads through its growth fund, joined by Belfius, Greenoaks, Kaaf Investments and SH Capital. Named individual investors include Tobi Lütke and Mike Katchen.
Alan reported €785m in annual recurring revenue for 2025 and operating profitability in France. Its Canadian operation, launched in early 2025, had licenses across the country and more than 1,600 members at announcement.
The company plans continued Canadian hiring and broader health services and employer benefit options. The March announcement concerns this €100m financing; the subsequent June agreement is covered separately.
Funding history
Funding · This round€100M