Alan, the leading independent digital health insurance provider in France, has closed a €50 million Series C investment round to transform how healthcare is delivered to everyone. Temasek, a global investment company headquartered in Singapore, led the round along with existing investors including Index Ventures.
This brings the company’s total amount raised since founding to €125 million. Alan aims to deliver better outcomes for all and contribute to better functioning healthcare systems by fundamentally rethinking how people access care, through a more human-centric, preventative, digital and transparent model. Further, the company’s vision is to be a true partner in health for all its members in France, and soon across Europe.
Alan is something of a trailblazer in corporate culture, with a total ban on meetings, plus everyone in the company is able to see what everyone else is earning. Every three months each employee must pack up and move desks, so that no cosy cliques are formed. Interesting strategy.
“Once the world begins to emerge from the COVID-19 health crisis, we believe that expectations and demands on the healthcare system will lead to a much faster transition to digital solutions. This is not just about convenience, but about delivering better care,” commented Jean-Charles Samuelian, co-founder and CEO of Alan.
Alan has already given shape to this vision by offering to its members fast and easy access to medical professionals, through in-person appointments or by video. Clients are provided with frictionless access to information and care support through the company’s app, which includes tools to better anticipate health journeys which may involve many different health professionals and clinics. Offerings include “Alan Map” which enables users to quickly source medical help and handle all reimbursements, and the Doctor Address Book which allows members to keep all their doctor information in one place.
In response to COVID-19, Alan has also introduced “Coup de pouce”, free access to the latest available information on the pandemic, personalized symptom checker, free telemedicine service, as well as helping to improve mental well-being of users through mediation and yoga.
Alan’s vision for the future of healthcare Jean-Charles Samuelian noted:
“Since its creation, Alan has been driven by its mission to make the healthcare system frictionless, fair and friendly for everyone. In the current crisis, this is more needed than ever. The global COVID-19 outbreak has reinforced people’s aspiration for more control over their health, and for a better healthcare system at every level.”