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 company is targeting the healthcare industry with an app that will allow users to compare prices of different insurance plans across multiple providers. 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.
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.