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French insurtech Alan receives $220m in financial boost

Apr 20, 2021 - Marketline Newswire
Investments

French health insurtech Alan has secured $220m investment in a funding round led by Coatue.

Dragoneer, Exor, as well as existing backers Index Ventures, Ribbit Capital and Temasek also joined the round. As of now, Alan has powered 9,400 companies in France, Belgium and Spain, with France being its main market. The start-up aims to reach one million members by 2023, focusing on product innovation, additional services, and expansions to new verticals and markets. The firm counts WeWork, Deli...