French startup Alan has raised a $54.4 million Series C funding round. Temasek is leading the round with existing investors such as Index Ventures additionally taking part. Total, Alan has snagged $136 million over the past four years.
Alan has built a health insurance product for the French market. The corporate first began with a well-designed insurance coverage product and needs to tackle all issues related to people’s personal health in the future.
The startup isn’t partnering with an existing insurance firm. It has obtained an official health insurance license. Compared to legacy merchandise, Alan wants to be as clear as possible with transparent pricing and policies.
Alan has a huge market alternative in France as every worker is covered by each national health care system and personal insurance companies.
Along with its health insurance product, the corporate has been working on a number of products to help users keep on top of their health.
Alan has launched a directory of doctors. With Alan Map, users can simply discover a health practitioner without any shock — the corporate tries to predict how a lot of users are going to pay so as to test if they’re 100% covered.