Funding round
Alan Series A
Alan, which works in health insurance product development in Paris, raised $28M in a Series A round announced on 10 Apr 2018, led by Index Ventures. 10 firms took part. It is Alan's second venture round on record; the one before was a Seed in Oct 2016.
$28M
Amount raised
Not disclosed
Post-money valuation
10
Investors
1 lead
Valuation
What this round says about the price
Alan did not disclose a valuation in this round. It came 18 months after Alan's Seed. It is 2.3% of the $1.22B Alan has raised in the venture rounds on record. Alan raised again 10 months later: a Series B round of $45M in Feb 2019. Its next priced round, a Series D in Apr 2021, valued it at $1.68B.
Alan's funding rounds
Alan has 9 venture rounds on record. This one is highlighted.
- Seed 25 Oct 2016 $13M
- Series A this round 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 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 9 other firms.
Lead investor
- Index Ventures backs 353 venture-backed companies new investor
Also in the round
- backs 182 venture-backed companies new investor
- backs 64 venture-backed companies new investor
- Open CNP new investor
- Xavier Niel new investor
- backs 233 venture-backed companies new investor
- backs 105 venture-backed companies new investor
- Singular new investor
- Soma Capital backs 206 venture-backed companies new investor
- backs 61 venture-backed companies new investor
Joined the board: Jan Hammer (Index Ventures).
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
23 Series A rounds in Insurance - Agents, Carriers & Brokers within a year either side disclosed an amount; the median was $10M, and this round was 2.8 times the median. The closest in time, other companies' Series A rounds in Insurance - Agents, Carriers & Brokers:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Insurance - Agents, Carriers & Brokers | 30 Apr 2018 | $10M | not disclosed | Moor Davidow Ventures |
| Insurance - Agents, Carriers & Brokers | 4 Jun 2018 | $30M | not disclosed | Valar Ventures |
| Coalition Insurance - Agents, Carriers & Brokers | 28 Feb 2018 | $10M | not disclosed | not named |
| Insurance - Agents, Carriers & Brokers | 19 Jun 2018 | $10M | not disclosed | Bessemer Venture Partners |
| Insurance - Agents, Carriers & Brokers | 21 Feb 2018 | $9.5M | not disclosed | Canvas Prime |
| Insurance - Agents, Carriers & Brokers | 18 Jul 2018 | $34M | not disclosed | Bain Capital Ventures |
| Pie Insurance Insurance - Agents, Carriers & Brokers | 1 Jul 2018 | $11M | not disclosed | Greycroft |
| Insurance - Agents, Carriers & Brokers | 11 Jan 2018 | $9.0M | not disclosed | Founders Fund |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Alan raise in its Series A round?
Alan raised $28M in its Series A round, announced in Apr 2018.
Who led Alan's Series A round?
Index Ventures led it, with Partech, Portage Ventures, Open CNP, Xavier Niel and Kima Ventures and 4 more.
What was Alan's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Insurance - Agents, Carriers & Brokers?
23 Series A rounds in Insurance - Agents, Carriers & Brokers within a year either side disclosed an amount; the median was $10M, and this round was 2.8 times the median.
Did Alan raise again after this round?
Yes: a Series B round in Feb 2019 of $45M.