Alan secures €480 million in funding, led by Prosus, with a valuation of €5.5 billion.

      French insurtech Alan has secured €480 million in funding, led by Prosus, with the company now valued at €5.5 billion, just a few months after its previous financing round. Based in Paris, Alan is focused on revolutionizing health insurance through AI-powered preventative measures.

      Alan, the French health insurance provider, has raised €480 million ($550 million) in a deal that values the company at €5.5 billion ($6.3 billion). Dutch investor Prosus led this financing round, one of the largest non-AI funding rounds in Europe this year.

      This financing represents a Series G round. Returning investors, including Teachers’ Venture Growth and Index Ventures, participated alongside new backer Dara Holdings. The round is still awaiting regulatory approval, including from France's financial authorities, as insurers don't finalize funding rounds in the same way pure software companies do.

      What is particularly notable is the rapid pace of fundraising. Just three months prior, Alan raised €100 million at a valuation of €5 billion. This latest funding increases that valuation by €500 million and brings the total funding amount to over €1.2 billion. Few startups in Europe manage to raise capital twice in a single quarter.

      The prevention approach

      Alan describes its model as “prevention insurance,” integrating health coverage, care navigation, wellness services, and AI health assistance within a single app. The goal is to prevent illness rather than react to it.

      Founded in 2016 by Jean-Charles Samuelian-Werve and Charles Gorintin, the company asserts that the current healthcare system is reactive, often waiting for patients to get worse before providing care or coverage. Alan aims to change this approach.

      “Health can't wait—neither for worsening symptoms, nor for long appointment waits, nor for the system to catch up,” stated Samuelian-Werve, the co-founder and CEO. “We believe that good health is a universal right, and that prevention should be as well.”

      For the past ten years, the company has maintained that technology can transition care from a reactive to a proactive model. Starting as a digital health insurer, it has since expanded its offerings. The term “prevention insurance” is its way of categorizing this comprehensive approach, moving beyond merely providing a more attractive insurance policy.

      In practice, members benefit from fast reimbursements, accessible doctors via the app, and support available seven days a week. Alan is regulated by France's ACPR, the country's financial supervisor, and operates as an independent insurer instead of a broker.

      Details behind the funding

      Alan approaches this funding round from a strong position. In the first quarter of 2026, it exceeded €800 million in annual recurring revenue, marking a 53% year-over-year growth. The company currently serves over 1.1 million members and is profitable in France.

      This is a crucial aspect. Many insurtech companies experience years of cash burn, making steady profit a rarity in the sector. Alan also operates in Spain, Belgium, and Canada, has over 37,000 businesses as clients, and employs more than 850 people. Member satisfaction scores exceed 4.2 out of 5.

      The customer demographic is diverse. In addition to the 37,000 businesses, Alan also serves self-employed professionals and retirees, groups often overlooked by traditional insurers. This diversity equips the company with valuable data across age and income, helping its AI tools identify risks early.

      The business model is inherently capital-intensive. Insurance relies on reserves, and entering new markets requires additional funding. A profitable domestic market provides Alan with a financial buffer that many growth-oriented competitors lack.

      Why Prosus?

      The choice of lead investor is significant. Prosus is the investment arm of South Africa's Naspers, which is best known for its large stake in Tencent. Over the years, it has made numerous acquisitions in the consumer sector, including the €4.1 billion purchase of Just Eat Takeaway and the $1.8 billion deal for Stack Overflow.

      This track record is relevant. Prosus offers a global network and extensive experience in scaling consumer products—resources Alan needs to expand beyond France.

      “Healthcare offers one of the biggest global opportunities for AI-driven transformation,” stated Fahd Beg, head of investments at Prosus Group. He commended Alan’s “integrated platform where insurance, prevention, and care delivery empower one another.”

      Prosus is also developing AI tools across its portfolio. It recently introduced ToqanClaw, an agent builder targeting its extensive network of around five million merchants. Integrating Alan into this ecosystem could provide the insurer with distribution channels in markets where it currently lacks brand recognition.

      The AI initiative

      Artificial intelligence is central to Alan's strategy. The company envisions that AI can enable personalized prevention, navigation, and support for everyone, not just the affluent. Coupled with its insurance platform, it aims to enhance health outcomes while reducing long-term care costs.

      This perspective is not unique to Alan. There is a broader