French start-up Alan has raised a$54.4 million( EUR50 million)Series C financing round. Temasek is leading the round with existing financiers(such as Index Ventures) likewise taking part. In general, Alan has raised$136 million (EUR125 million )over the past four years. Alan has actually developed a medical insurance product for the French market. The company first began with a well-designed insurance item and wishes to tackle all things associated with your individual health in the future.
The startup isn’t partnering with an existing insurance provider. It has actually obtained an official medical insurance license. Compared to tradition items, Alan wishes to be as transparent as possible with clear prices and policies.
Alan has a big market chance in France as every staff member is covered by both the national health care system and personal insurance companies.
In addition to its health insurance item, the company has actually been working on several items to assist you stay on top of your health. For instance, Alan has partnered with Livi so that can quickly arrange telemedicine visits.
Alan has introduced a directory of doctors around you. With Alan Map, you can easily find a health practitioner without any surprise– the company tries to predict how much you’re going to pay so that you can examine if you’re 100% covered.
You can likewise utilize Alan to keep an eye on your previous consultations, get the phone number of a doctor you’ve already communicated with and more.
Just like fintech companies are building apps that function as monetary hubs, Alan wishes to end up being a health hub. Whenever you have a question, you require a piece of information or you want to get reimbursed on your health appointments, Alan wants to become the entry point for those use cases.
More just recently, Alan has dealt with some content about the coronavirus outbreak and COVID-19 symptoms. You can develop an account and talk to a physician through Livi for free. You can likewise get two months complimentary on a Headspace membership in case you’re looking for a meditation app.
With today’s funding round, Alan prepares to broaden to other countries. It has actually already opened workplaces in Spain and Belgium and the business wishes to be readily available all around Europe within 5 years.
Alan currently covers 76,000 people. It represents $63 million (EUR58 million) in income. At the end of 2018, Alan’s insurance coverage covered 27,000 individuals. As you can see, the business is growing perfectly.
Article curated by RJ Shara from Source. RJ Shara is a Bay Area Radio Host (Radio Jockey) who talks about the startup ecosystem – entrepreneurs, investments, policies and more on her show The Silicon Dreams. The show streams on Radio Zindagi 1170AM on Mondays from 3.30 PM to 4 PM.