Paris-based Alan has raised a USD $227 million Series D round with a valuation of $1.7 billion for its health insurance and app for Europe-based employers and independents. With this valuation it becomes work tech’s latest unicorn.
The company reported to TechCrunch that is has generated $120 million annualized revenue across 9400 customers primarily located in France, Belgium, and Spain.
WorkTech estimates the total addressable market (TAM) for benefits tech in primary markets at $121 billion.
$2.7 billion was invested globally in work tech during 2021 Q1 alone. Get our free report and analysis here.
Source: Alan raises $220 million for its health insurance and healthcare superapp