French digital health insurer and healthcare platform Alan has raised €480 million ($550 million) in a Series G funding round, valuing the company at €5.5 billion ($6.3 billion).
The round was led by Prosus, with participation from existing investors Teachers’ Venture Growth and Index Ventures, alongside new investor Dara Holdings. The transaction remains subject to regulatory approvals.
Founded in 2016, Alan has evolved from a digital health insurer into what it describes as a “prevention insurance” platform, combining health insurance, care navigation, wellbeing services and AI-powered healthcare assistance within a single digital ecosystem.
Growth Driven by Integrated Healthcare Platform
Alan reported that it surpassed €800 million in annual recurring revenue (ARR) during the first quarter of 2026, representing year-over-year growth of 53%.
The company now serves more than 1.1 million members and has achieved profitability in its French market, marking a significant milestone as it continues expanding its digital healthcare offering.
The latest investment will support international expansion, strategic acquisitions, continued product development, and further investment in artificial intelligence and healthcare services.
AI at the Centre of Healthcare Strategy
Alan believes artificial intelligence will play a central role in transforming healthcare delivery by combining insurance, prevention and care management into a unified digital platform.
The company plans to continue investing in AI-powered health assistance designed to improve member engagement, streamline healthcare navigation and promote preventative care.
“Healthcare presents one of the most significant global opportunities for AI-led transformation. Alan has built something unique: an integrated platform where insurance, prevention and care delivery reinforce each other, creating an exceptional healthcare experience for consumers and outstanding platform engagement. We’re excited to partner with Alan to accelerate its international expansion and unlock value through our ecosystem,” said Fahd Beg, Head of Investments at Prosus Group.
Expanding Prevention-Focused Insurance
Alan employs more than 850 people and says its long-term ambition is to make prevention-focused insurance the preferred model for healthcare globally.
Alongside its international growth plans, the company also intends to launch Alan Campus in January 2027, a digital health insurance offering designed specifically for students aged 18 to 28.
The new product is expected to extend Alan’s digital healthcare ecosystem to younger consumers while supporting its broader strategy of delivering integrated insurance, preventative healthcare and AI-powered services through a single platform.
The funding reflects continued investor confidence in digital health insurers that combine technology, artificial intelligence and preventative healthcare, as insurers increasingly seek to move beyond traditional coverage models toward more proactive and personalized health management.
