GoldenGolden
Advanced Search
Alan (company)

Alan (company)

Alan is a digital health insurance provider for companies and freelancers.

Founded in February 2016. Alan is the first licensed health insurance company in France since 1986.

Concept

Since January 1, 2016, the National Interprofessional Agreement (ANI) makes it mandatory for private sector employers to provide supplementary health insurance to all of their employees, and it must be at least 50% financed by the company.

Launched on February 10, 2016 by Jean-Charles Samuelian and Charles Gorintin, Alan is based on the complete digitalization of health insurance. Initially, Alan allows companies to sign up on the company’s website. Subsequently, employees are invited by the company: they can join Alan themselves and manage their account independently.

History

Before co-founding and becoming Alan’s CEO, Jean-Charles Samuelian created Expliseat and sold his shares in 2015. Before leading Alan's technical teams, Charles Gorintin was a data scientist at Facebook, Twitter and Instagram.

In October 2016, Alan announced its approval by the ACPR and entered the health insurance market. The company also announced a €12 million seed round, led by CNP Assurances, via Open CNP and Partech Ventures.

In February 2017, the startup company launched a service dedicated to freelancers.

In July 2017, Alan decided to expand its services by covering disability insurance for companies.

The end of the year is a particular time for insurance companies. Insured persons have until October 31 to terminate their contracts. Alan used this period to launch an advertising campaign in the corridors of the Parisian subway.

On April 10, 2018, Alan announced a €23 million ($28 million) Series A funding. led by Index Ventures. Other investors included investors from the seed round and Xavier Niel.

The company had about 20 employees in early 2018 and projects to have 70 employees by the end of 2018.

Market

Since Alan is officially recognised and approved as an independent insurance provider, it has positioned itself on a market where many other long-standing companies are already present, such as AXA or Allianz.

As of April 2018, Alan covers 850 business customers for a total of 7000 insured persons.

Timeline

April 23, 2021
Alan raises €185,000,000 in a series D round, now bringing the company's valuation to €1,400,000,000.
April 20, 2020
Alan raises a $54,400,000 series C round.
February 2019
Alan raises a $45,000,000 series B round from Index Ventures.
April 2018
Alan raises a $28,300,000 series A round from CNP Assurances, Index Ventures, Partech Ventures, Portag3 Ventures and Xavier Niel.

Funding rounds

People

Name
Role
LinkedIn

Further reading

Title
Author
Link
Type
Date

Documentaries, videos and podcasts

Title
Date
Link

Companies

Company
CEO
Location
Products/Services

News

Title
Author
Date
Publisher
Description
Science X staff
June 9, 2021
phys.org
Young clownfish living closest to shore are dying faster than those further offshore because they are being exposed to artificial lighting, says an international research team.
Science X staff
May 14, 2021
phys.org
Climate change is exacerbating problems like habitat loss and temperatures swings that have already pushed many animal species to the brink. But can scientists predict which animals will be able to adapt and survive? Using genome sequencing, researchers from McGill University show that some fish, like the threespine stickleback, can adapt very rapidly to extreme seasonal changes. Their findings could help scientists forecast the evolutionary future of these populations.
Science X staff
May 6, 2021
phys.org
A recent study analyzes data collected at 44 of the darkest places in the world, including the Canary Island Observatories, to develop the first complete reference method to measure the natural brightness of the night sky using low-cost photometers.
Boomers Parks
May 5, 2021
www.prnewswire.com:443
/PRNewswire/ -- Joined by his parents and a small group of friends, Kim, a huge fan and guest of the Boomers park in Irvine, scaled the rock-climbing wall,...
April 23, 2021
BioSpace
National Kidney Foundation Appoints Alan C. Mendelson to Board of Directors - read this article along with other careers information, tips and advice on BioSpace
National Kidney Foundation
April 23, 2021
www.prnewswire.com:443
/PRNewswire/ -- The National Kidney Foundation (NKF) is pleased to announce the appointment of California businessman Alan C. Mendelson to its national Board...
Romain Dillet
April 19, 2021
TechCrunch
French startup Alan has raised a $220 million funding round at a $1.67 billion valuation (€185 million and €1.4 billion respectively). Coatue is leading the round with Dragoneer, Exor, and existing investors Index Ventures, Ribbit Capital and Temasek also participating. Alan has been building health insurance products from scratch. When I first covered the company [...]
Dan Taylor
April 19, 2021
Tech.eu
Healthcare app Alan has raised €185 million in a series D round, now bringing the company's valuation to €1.4 billion. The round saw participation from Coatue, Dragoneer, Exor, and existing investors Index Ventures, Ribbit Capital, and Temasek. The funding is expected to fuel the recruitment efforts of an additional 400 staff and reach 1 million [...]
Romain Dillet
April 19, 2021
TechCrunch
French startup Alan has raised a $220 million funding round at a $1.67 billion valuation (€185 million and €1.4 billion respectively). Coatue is leading the round with Dragoneer, Exor, and existing investors Index Ventures, Ribbit Capital and Temasek also participating. Alan has been building health insurance products from scratch. When I first covered the company [...]
Callum Burroughs
April 19, 2021
Business Insider
French insurance startup Alan has reached unicorn status after it received a major funding injection from private equity giants Coatue.
Amy Lewin
April 19, 2021
Sifted
The French health insurance company has raised €185m to land bigger companies as customers and build more free consumer apps.
Isabella Pojuner
April 15, 2021
Sifted
From greater integration of healthtech to its five key subsectors, we've read the latest Dealroom report on healthtech so you don't have to.
Alicia Ault
April 13, 2021
Smithsonian Magazine
In a tropical rainforest study, 60 percent fewer insects visited traps illuminated in a golden glow. Researchers say the results may be widely applicable
BBC News
April 7, 2021
BBC News
The officer of 25 years felt "helpless and angry" after falling victim to a Royal Mail parcel scam.
Connor Coombe-Whitlock
March 5, 2021
Express.co.uk
INHERITANCE tax payments can be affected and hindered by probate rules, which involves applying for the legal right to deal with someone's property, money and possessions (their 'estate') when they die. A recent court case on this issue illustrated just how important it is to get ahead of ones estate planning.
By Lucy Hooker & Rebecca Wearn
March 4, 2021
BBC News
There's more support for many in the Budget, but for some it still falls short.
NEUVOGEN
February 25, 2021
www.prnewswire.com:443
/PRNewswire/ -- NEUVOGEN, an immunoncology company, is pleased to announce the appointment of Alan C. Mendelson to its Board of Directors effective February...
Callum Burroughs and Martin Coulter
February 20, 2021
Business Insider
More than $7 billion was invested in insurtech startups globally last year.
Amy Lewin
February 10, 2021
Sifted
In a new interview series, we quiz leading European startup operators on how they work. First up, Jean-Charles Samuelian, CEO of Alan.
Phoenix Molecular Designs
February 4, 2021
www.prnewswire.com:443
/PRNewswire/ - Phoenix Molecular Designs (PhoenixMD), an industry leader in the development of precise cancer therapeutics focusing on first-in-class RSK...
SHOW MORE

References

Golden logo
Text is available under the Creative Commons Attribution-ShareAlike 4.0; additional terms apply. By using this site, you agree to our Terms & Conditions.