Funding round
Alan Growth
Reported as "Growth Equity"
Alan, which works in health insurance product development in Paris, raised $115M in a Growth round announced on 18 Mar 2026, led by Index Ventures, at a $6.57B post-money valuation. 5 firms took part, 1 of them already investors. It is Alan's eighth venture round on record; the one before was a Series F in Sep 2024.
$115M
Amount raised
100,000,000 EUR converted
$6.57B
Post-money valuation
$8.78B pre-money
5
Investors
1 lead
1.5x
Step-up from the Series F
$4.50B in Sep 2024
1.8%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Alan at $6.57B after the new money, 1.5 times the $4.50B of its Series F (Sep 2024). The $115M bought investors about 1.8% of the company. It came 18 months after Alan's Series F. It is 9.4% of the $1.22B Alan has raised in the venture rounds on record. Alan raised again 3 months later: a Series G round of $550M in Jun 2026, at $6.30B post-money.
Alan's funding rounds
Alan has 9 venture rounds on record. This one is highlighted.
- Seed 25 Oct 2016 $13M
- Series A 10 Apr 2018, led by Index Ventures $28M
- Series B 17 Feb 2019, led by Index Ventures $45M
- Series C 20 Apr 2020, led by Temasek $54M
- Series D 19 Apr 2021, led by Coatue $222M$1.68B post-money
- Series E 12 Oct 2022 amount not disclosed
- Series F 23 Sep 2024, led by Belfius $193M$4.50B post-money
- Growth this round 18 Mar 2026, led by Index Ventures $115M$6.57B post-money
- Series G 25 Jun 2026, led by Prosus $550M$6.30B post-money
Investors
Who put money in
Index Ventures led the round with 4 other firms. Index Ventures had backed Alan before.
Lead investor
- Index Ventures backs 353 venture-backed companies existing investor
Also in the round
- Belfius new investor
- Greenoaks backs 77 venture-backed companies new investor
- new investor
- SH Capital new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion and scaling operations.
- Geographic expansion
- Scaling operations
Comparable rounds
How it compares
19 Growth rounds in Insurance - Agents, Carriers & Brokers within a year either side disclosed an amount; the median was $70M, and this round was 1.6 times the median. The closest in time, other companies' Growth rounds in Insurance - Agents, Carriers & Brokers:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Insurance - Agents, Carriers & Brokers | 19 Mar 2026 | $30M | not disclosed | Morgan Health and Echo Health Ventures |
| Insurance - Agents, Carriers & Brokers | 8 Dec 2025 | $50M | not disclosed | LNC Partners |
| Insurance - Agents, Carriers & Brokers | 4 Jun 2026 | $40M | not disclosed | Zeev Ventures |
| Insurance - Agents, Carriers & Brokers | 14 Jul 2026 | $100M | $1.90B | Vista Equity Partners |
| McLarens Insurance - Agents, Carriers & Brokers | 15 Oct 2025 | $1.60B | not disclosed | Lee Equity |
| Insurance - Agents, Carriers & Brokers | 7 Oct 2025 | $82M | not disclosed | Haun Ventures and Bain Capital Crypto |
| Insurance - Agents, Carriers & Brokers | 8 Oct 2025 | $23M | not disclosed | Endeit |
| Insurance - Agents, Carriers & Brokers | 4 Sep 2026 | $41M | $2.60B | not named |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Alan raise in its Growth round?
Alan raised $115M in its Growth round, announced in Mar 2026.
Who led Alan's Growth round?
Index Ventures led it, with Belfius, Greenoaks, KAAF Investments and SH Capital.
What was Alan's valuation at the Growth round?
$6.57B post-money ($8.78B pre-money).
How does it compare with other Growth rounds in Insurance - Agents, Carriers & Brokers?
19 Growth rounds in Insurance - Agents, Carriers & Brokers within a year either side disclosed an amount; the median was $70M, and this round was 1.6 times the median.
Did Alan raise again after this round?
Yes: a Series G round in Jun 2026 of $550M at $6.30B post-money.