Paris based health insurance startup has raised $45m of Series B funding from Index Ventures and DST Global.
With today’s funding announcement, the startup has shared some numbers. In 2018 alone, the company grew from 5,000 insured people to 27,000, and revenue jumped from $4 million to $25 million (€3.5 million to €22 million). Alan has been focused on freelancers as well as small and medium companies, such as My Little Paris, Le Slip Français, Ledger and Converteo. More interestingly, Alan is close to break-even right now with 64 employees. That gives you an idea of Alan’s margins. Following today’s funding round, the company is going to hire a lot more people. There should be around 175 people working for Alan by the end of the year.