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Image Credits:Photographer: Cyril Marcilhacy/Bloomberg via Getty Images / Getty Images3:00 AM PDT · March 11, 2026
30% of European unicorns may person mislaid their billion-dollar status, but not Alan. The French wellness security startup is present valued astatine €5 cardinal — astir $5.83 billion, up from $4.5 billion successful 2024.
Created successful 2016, Alan has grown into a squad of 740 radical serving 1 cardinal employees, freelancers and retirees with wellness security and wellness services. Its app already lets users negociate reimbursements, entree doctors and way wellness habits. The institution says it present has the means to “invest ambitiously, peculiarly successful [tech] and [AI],” according to a connection from its CEO, Jean-Charles Samuelian-Werve, who is besides a co-founding advisor and committee subordinate astatine the French AI institution Mistral AI.
Alan’s latest valuation comes from a €100 cardinal circular ($116 million) led by existing capitalist Index Ventures, joined by caller investors Greenoaks, Kaaf, and SH, on with concern angels including Shopify laminitis Tobi Lütke and 2018 FIFA World Cup victor Antoine Griezmann. Belgian slope and security institution Belfius, a strategical spouse that led the erstwhile Series F round, besides participated.
In the interim, Alan won a declaration to supply wellness security to up to 135,000 civilian servants and their relatives, adding to private-sector deals struck successful some France and abroad. The institution claims it reached €785 cardinal — astir $915 cardinal — successful yearly recurring gross successful 2025, up 53% from the extremity of 2024.
Without sharing nonstop numbers, Alan besides declared it reached operational profitability successful its location country, wherever it was the archetypal caller autarkic security institution to get a licence since the 1980s and which remains its largest market. The institution has since expanded into Belgium and Spain, wherever it counts HP and Volkswagen arsenic clients; and much recently, into Canada, wherever it is present licensed crossed each provinces and has begun commercialized operations.
Overall, Alan says it is approaching operating break-even. After registering nett losses of $61 cardinal successful 2023 and $56 cardinal successful 2024, it claims to person halved its losses arsenic a percent of gross implicit the past 12 months. With planetary enlargement and merchandise improvements arsenic priorities, Alan is aiming to scope $1.16 cardinal successful ARR successful 2026 alternatively than profitability. It seems investors tin unrecorded with that trade-off.
Anna Heim is simply a writer and editorial consultant.
You tin interaction oregon verify outreach from Anna by emailing annatechcrunch [at] gmail.com.
As a freelance newsman astatine TechCrunch since 2021, she has covered a ample scope of startup-related topics including AI, fintech & insurtech, SaaS & pricing, and planetary task superior trends.
As of May 2025, her reporting for TechCrunch focuses connected Europe’s astir absorbing startup stories.
Anna has moderated panels and conducted onstage interviews astatine manufacture events of each sizes, including large tech conferences specified arsenic TechCrunch Disrupt, 4YFN, South Summit, TNW Conference, VivaTech, and galore more.
A erstwhile LATAM & Media Editor astatine The Next Web, startup laminitis and Sciences Po Paris alum, she’s fluent successful aggregate languages, including French, English, Spanish and Brazilian Portuguese.
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