Alan has successfully closed a €100 million Series G funding round, propelling its post-money valuation to €5 billion. The round was led by existing investor Index Ventures, with participation from Belfius Bank and several new high-profile entrants, including GreenOaks, Kaaf Investments, and prominent individual investors such as Shopify founder Tobi Lükte and footballer Antoine Griezmann. The strategic rationale for the round is to fuel Alan’s continued expansion and solidify its market leadership as it reaches a critical financial milestone: achieving profitability in its core French market in 2025. With an Annual Recurring Revenue (ARR) reaching €785 million and a target to exceed €1 billion in 2026, the company is using the fresh capital to scale its innovative health services and capitalize on major new contracts, such as the coverage for 135,000 French civil servants.

ALAN, which reported an EBITDA margin of LOGIN in 2026, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the Financial Services sector (14.0x).

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