Funding round
Alan Series C
Alan, which works in health insurance product development in Paris, raised $54M in a Series C round announced on 20 Apr 2020, led by Temasek. 2 firms took part, 1 of them already investors. It is Alan's fourth venture round on record; the one before was a Series B in Feb 2019.
$54M
Amount raised
50,000,000 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 14 months after Alan's Series B. It is 4.5% of the $1.22B Alan has raised in the venture rounds on record. Alan raised again 12 months later: a Series D round of $222M in Apr 2021, at $1.68B 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 this round 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
Temasek led the round with 1 other firm. Index Ventures had backed Alan before.
Lead investor
- Temasek backs 195 venture-backed companies new investor
Also in the round
- Index Ventures backs 353 venture-backed companies existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing and scaling operations.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
Comparable rounds
How it compares
13 Series C rounds in Insurance - Agents, Carriers & Brokers within a year either side disclosed an amount; the median was $90M, and this round was 60% of the median. The closest in time, other companies' Series C rounds in Insurance - Agents, Carriers & Brokers:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Coalition Insurance - Agents, Carriers & Brokers | 20 May 2020 | $90M | $890M | Valor |
| Insurance - Agents, Carriers & Brokers | 3 Mar 2020 | $38M | not disclosed | Brewer Lane Ventures |
| Insurance - Agents, Carriers & Brokers | 18 Mar 2020 | $25M | not disclosed | Susquehanna International Group and Huaxing New Economic Fund |
| Insurance - Agents, Carriers & Brokers | 5 Feb 2020 | $39M | not disclosed | Accel |
| Devoted Health Insurance - Agents, Carriers & Brokers | 1 Jul 2020 | $380M | not disclosed | Uprising |
| Insurance - Agents, Carriers & Brokers | 3 Jan 2020 | $50M | not disclosed | OMERS Ventures |
| Insurance - Agents, Carriers & Brokers | 7 Oct 2019 | $250M | $1.00B | Munich Re |
| Insurance - Agents, Carriers & Brokers | 8 Dec 2020 | $34M | not disclosed | Qumra Capital |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Alan raise in its Series C round?
Alan raised $54M in its Series C round, announced in Apr 2020.
Who led Alan's Series C round?
Temasek led it, with Index Ventures.
What was Alan's valuation at the Series C round?
It was not disclosed.
How does it compare with other Series C rounds in Insurance - Agents, Carriers & Brokers?
13 Series C rounds in Insurance - Agents, Carriers & Brokers within a year either side disclosed an amount; the median was $90M, and this round was 60% of the median.
Did Alan raise again after this round?
Yes: a Series D round in Apr 2021 of $222M at $1.68B post-money.