Funding round
Alan Series B
Alan, which works in health insurance product development in Paris, raised $45M in a Series B round announced on 17 Feb 2019, led by Index Ventures. 2 firms took part. It is Alan's third venture round on record; the one before was a Series A in Apr 2018.
$45M
Amount raised
40,000,000 EUR converted
Not disclosed
Post-money valuation
2
Investors
1 lead
Valuation
What this round says about the price
Alan did not disclose a valuation in this round. It came 10 months after Alan's Series A. It is 3.7% of the $1.22B Alan has raised in the venture rounds on record. Alan raised again 14 months later: a Series C round of $54M in Apr 2020. 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 10 Apr 2018, led by Index Ventures $28M
- Series B this round 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 1 other firm.
Lead investor
- Index Ventures backs 353 venture-backed companies new investor
Also in the round
- DST Global backs 179 venture-backed companies new investor
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 B rounds in Insurance - Agents, Carriers & Brokers within a year either side disclosed an amount; the median was $28M, and this round was 1.6 times the median. The closest in time, other companies' Series B rounds in Insurance - Agents, Carriers & Brokers:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Insurance - Agents, Carriers & Brokers | 25 Feb 2019 | $15M | not disclosed | Global Founders Capital |
| wefox Insurance - Agents, Carriers & Brokers | 6 Mar 2019 | $125M | not disclosed | Mubadala |
| Pie Insurance Insurance - Agents, Carriers & Brokers | 5 Mar 2019 | $45M | not disclosed | not named |
| Insurance - Agents, Carriers & Brokers | 22 Jan 2019 | $43M | not disclosed | Cox Enterprises |
| Insurance - Agents, Carriers & Brokers | 16 Jan 2019 | $25M | not disclosed | Sequoia India |
| Insurance - Agents, Carriers & Brokers | 16 Apr 2019 | $28M | not disclosed | Tola Capital |
| Insurance - Agents, Carriers & Brokers | 9 May 2019 | $5.3M | not disclosed | True Ventures |
| Devoted Health Insurance - Agents, Carriers & Brokers | 16 Oct 2018 | $300M | not disclosed | Andreessen Horowitz |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Alan raise in its Series B round?
Alan raised $45M in its Series B round, announced in Feb 2019.
Who led Alan's Series B round?
Index Ventures led it, with DST Global.
What was Alan's valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Insurance - Agents, Carriers & Brokers?
23 Series B rounds in Insurance - Agents, Carriers & Brokers within a year either side disclosed an amount; the median was $28M, and this round was 1.6 times the median.
Did Alan raise again after this round?
Yes: a Series C round in Apr 2020 of $54M.