Alan Hits €5B Valuation With Fresh €100M Raise
French digital health insurance startup Alan defies Europe's unicorn downturn with a valuation bump to €5 billion.
Paris-based digital health insurance company Alan just locked down €100 million in fresh funding. Index Ventures led the round, pushing Alan's valuation to €5 billion — a solid jump from the €4 billion mark it hit after raising €173 million back in September 2024.
That's a 25% valuation increase in a market where roughly 30% of European unicorns have reportedly lost their billion-dollar status altogether. Alan is clearly swimming against the current.
The company has carved out a niche in digital health insurance, building its business in a European market where legacy insurers still dominate. With €273 million raised across its last two rounds, Alan has serious firepower to keep expanding.
While other unicorns are fighting for survival, Alan keeps stacking capital and climbing valuations. Not a bad position to be in.