Funding round
Alan Series D
Alan, which works in health insurance product development in Paris, raised $222M in a Series D round announced on 19 Apr 2021, led by Coatue, at a $1.68B post-money valuation. 6 firms took part. It is Alan's fifth venture round on record; the one before was a Series C in Apr 2020.
$222M
Amount raised
185,000,000 EUR converted
$1.68B
Post-money valuation
6
Investors
1 lead
13%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Alan at $1.68B after the new money. The $222M bought investors about 13% of the company. It came 12 months after Alan's Series C. It is 18% of the $1.22B Alan has raised in the venture rounds on record. Alan raised again 18 months later: a Series E round in Oct 2022. Its next priced round, a Series F in Sep 2024, valued it at $4.50B.
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 this round 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
Coatue led the round with 5 other firms.
Lead investor
- Coatue backs 229 venture-backed companies new investor
Also in the round
- Dragoneer Investment Group backs 82 venture-backed companies new investor
- Exor new investor
- Index Ventures backs 353 venture-backed companies new investor
- Ribbit backs 126 venture-backed companies new investor
- Temasek backs 195 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
13 Series D rounds in Insurance - Agents, Carriers & Brokers within a year either side disclosed an amount; the median was $175M, and this round was 1.3 times the median. The closest in time, other companies' Series D rounds in Insurance - Agents, Carriers & Brokers:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Insurance - Agents, Carriers & Brokers | 13 Apr 2021 | $200M | not disclosed | Eldridge |
| Insurance - Agents, Carriers & Brokers | 12 Apr 2021 | $150M | $1.00B | Hedosophia |
| Coalition Insurance - Agents, Carriers & Brokers | 17 Mar 2021 | $175M | $1.75B | Index Ventures |
| Insurance - Agents, Carriers & Brokers | 18 Mar 2021 | $28M | not disclosed | AVP |
| ManyPets Insurance - Agents, Carriers & Brokers | 1 Jun 2021 | $350M | $2.00B | EQT |
| Insurance - Agents, Carriers & Brokers | 17 Nov 2020 | $30M | not disclosed | GGV Capital |
| Devoted Health Insurance - Agents, Carriers & Brokers | 8 Oct 2021 | $1.20B | $12.70B | not named |
| Insurance - Agents, Carriers & Brokers | 27 Oct 2021 | $255M | $1.10B | General Atlantic and Multiples |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Alan raise in its Series D round?
Alan raised $222M in its Series D round, announced in Apr 2021.
Who led Alan's Series D round?
Coatue led it, with Dragoneer Investment Group, Exor, Index Ventures, Ribbit and Temasek.
What was Alan's valuation at the Series D round?
$1.68B post-money.
How does it compare with other Series D rounds in Insurance - Agents, Carriers & Brokers?
13 Series D rounds in Insurance - Agents, Carriers & Brokers within a year either side disclosed an amount; the median was $175M, and this round was 1.3 times the median.
Did Alan raise again after this round?
Yes: a Series E round in Oct 2022.