In 2016 Jean-Charles Samuelian-Werve and Charles Gorintin started Alan in Paris. They chose health insurance, the cover most French employees use every year, and set out to run it like a software company.
Their first step was regulatory. Alan applied for an insurer licence of its own and says it was the first company to be granted a new French licence since 1986. Owning the licence let it control the whole path from signup to claim.
Alan found its first product-market fit in 2017 and shipped its first product in 2018. By the end of 2018 it covered about 25,000 members across 2,000 companies. Losses followed as it grew: €61 million in 2023 and €56 million in 2024.
In September 2024 Alan raised at a €4.5 billion valuation. In March 2026 it raised about €100 million at roughly €5 billion, with angels including Tobi Lutke and Antoine Griezmann. It reported €785 million in annual recurring revenue for 2025, up 53%, and won a contract to insure up to 135,000 French civil servants and their families.