Alan, a Paris-based health insurtech founded in 2018, has raised €40m ($45.2m) in series B funding led by Index Ventures and DST Global partners, bringing its total funding to €75m. The funding will help Alan build its French user base, focusing on small- to medium-enterprises and freelancers. Its team grew from 14 to 64 people in 2016, and supports 27,000 users. The firm's 2016 revenue rose from under €3.5m to €22m.
Alan, a Paris-based health insurtech founded in 2016, has raised €40m ($45.2m) in series B funding led by Index Ventures and DST Global partners, bringing its total funding to €75m. The funding will help Alan build its French user base, focusing on small- to medium-enterprises and freelancers. Its team grew from 14 to 64 people in 2018, and supports 27,000 users. The firm's 2018 revenue rose from under €3.5m to €22m.