French health insurance scale-up Alan has reportedly raised €480 million from investment fund Prosus, in a transaction that values the company at €5.5 billion. The round arrives just three months after a €100 million funding injection and pushes Alan’s cumulative fundraising past the €1 billion threshold, cementing its position among the best-funded insurtechs in Europe.
The fresh capital, sourced entirely from Prosus, makes the operation one of the continent’s largest private financing rounds this year (excluding carve-outs and buyouts). While the company has not officially commented, the reported valuation marks a sharp increase from earlier rounds, reflecting accelerated growth and sustained investor confidence. Alan, known for its digital-first health insurance and wellness platform, now deepens its resources to expand across European markets and invest in product and technology. The arrival of Prosus—a global tech investor with a track record in scaling digital platforms—underscores the strategic weight of the deal and signals long-term backing for Alan’s ambitions to reshape traditional insurance infrastructure.