French digital well being insurer Alan has secured €100m ($115.4m) in new funding, pushing its valuation above €5bn.
The funding spherical was led by Index Ventures by means of its progress fund, with extra participation from Belfius, Greenoaks, Kaaf Investments and SH Capital.
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Particular person backers included Shopify CEO Tobi Lütke and Wealthsimple co-founder and CEO Mike Katchen.
Alan stated the capital elevate comes after a 12 months wherein it recorded progress and reached operational profitability in France, which stays its largest market.
In 2025, the corporate’s annual recurring income reached €785m.
The corporate can be pushing additional into worldwide markets together with Canada, the place it launched in early 2025.
Alan stated it’s now licensed throughout the nation and has greater than 1,600 members.
The Canadian operation relies in Toronto, with plans so as to add a presence in Montreal because the native crew expands.
Alan co-founder and CEO Jean-Charles Samuelian-Werve stated: “Canada is a vital long-term marketplace for Alan. Employers and workers listed here are on the lookout for a less complicated solution to entry and use their well being advantages. We consider there’s a actual alternative to carry a extra clear and accessible method to healthcare in Canada.”
Commenting on the Canadian panorama, Alan stated the worker well being advantages sector has modified little over latest many years, typically leaving employers providing plans that may be laborious for employees to navigate and use.
Alan’s providing combines insurance coverage, care and prevention providers in a single app, enabling workers to test protection, file claims and entry routine well being providers.
The platform additionally contains prevention programmes spanning psychological well being, bodily exercise and broader well-being.
In Canada, early prospects cited by the corporate embrace Charges.ca and Venn, which use the platform for worker advantages.
Alan stated it’s persevering with to recruit within the nation and intends to widen the providers obtainable, together with extra well being providers and extra versatile advantages choices for employers.
