French Healthcare Company Alan Raises €185M At €1 4 Billion Valuation forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.
Alan raises $220 million for its health insurance and healthcare super app
French startup Alan has raised a $220 million funding round at a $1.67 billion valuation (€185 million and €1.4 billion respectively). Coatue is leading the round with Dragoneer, Exor, and existing investors Index Ventures, Ribbit Capital and Temasek also participating.
Alan has been building health insurance products from scratch. When I first covered the company back in 2016, the startup had just managed to get approval from regulators to become an official health insurance company.
Since then, it’s been a not-so-slow and steady growth story as the company now covers 160,000 people. Overall, Alan generates over €100 million in annualized revenue. While most of that revenue is spent back on claims, it’s an impressive revenue trajectory.
Opal raises $4.3 million for its ‘digital well-being’ assistant for iPhone
Many people want to develop better screen-time habits, but don’t have a good set of tools to do so. A new startup, Opal, aims to help. The company, now backed by $4.3 million in seed funding, has developed a digital well-being assistant for iOS that allows you to block distracting websites and apps, set schedules around app usage, lock down apps for stricter and more focused quiet periods, and more.
The service works by way of a VPN system that limits your access to apps and sites. But unlike some VPNs on the market, Opal is committed to not collecting any personal data on its users or their private browsing data. Instead, its business model is based on paid subscriptions, not selling user data, it says.
Health insurance startup Alan launches free medical app Alan Baby yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
Health insurance startup Alan launches free medical app Alan Baby
French startup Alan is generating 100% of its revenue from health insurance products and that isn’t going to change. But the company wants to start a conversation with a bigger use base. Alan is going to launch multiple mobile apps that let you learn more about health topics, contact a doctor and chat with the community.
“We are proud to announce today that we’re launching free medical apps for everyone,” co-founder and CEO Jean-Charles Samuelian-Werve said in a virtual press conference. “We’re going to develop services for specific groups of people who are facing specific issues or questions.”