Alan
Building a new kind of health partner by integrating key services
Founded in 2016, Alan became the first new licensed health insurer in France in 30 years. It has since evolved into a digital platform that integrates health insurance with healthcare services and has a presence in several European countries. With help from Teachers' Venture Growth, Alan most recently entered the Canadian market.
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Watch this video to learn more about the benefits of Alan’s offering to its clients, what attracted us to invest and how we are supporting Alan’s expansion in Europe and beyond.
The Company
Founded in 2016, Alan emerged as the first new licensed health insurer in France in three decades, initially offering digital insurance products to small businesses and startups. Since then, it has evolved into a comprehensive digital platform, integrating health insurance with healthcare services and preventative care, including access to health practitioners. Today, Alan is used by companies of all sizes to streamline administration tasks and lower expenses, while enhancing employee engagement and well-being.
The Opportunity
Alan has differentiated itself by prioritizing the user experience and harnessing AI to integrate new technologies, improve efficiency and reduce costs. This innovative and customer-centric strategy has enabled Alan to expand in Europe and to become a key player in the movement towards more accessible healthcare.
Alan’s expansion into Canada signifies its entry into the North American market and represents another significant growth opportunity. With approximately $350 billion spent annually on healthcare in Canada, Alan is well-positioned to offer tailored solutions to Canadians, especially in private healthcare coverage, which serves 70% of the population.
This isn't just a ‘copy and paste’ from Europe to Canada. We're rebuilding from the ground up a product that's perfectly suited for the Canadian customer and that meets our specific market needs, while taking advantage of what Alan has sharpened in Europe.
The OTPP Difference
In 2022, Ontario Teachers’ invested in Alan through its late-stage venture growth arm, Teachers’ Venture Growth (TVG), which was drawn to the company’s mission of making healthcare more accessible through innovation. TVG’s value-creation expertise has been important to Alan’s growth, particularly in its recent Canadian expansion, through providing market intelligence and regulatory support, introducing key stakeholders and helping to build Alan’s local team and board of directors.
The Results
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Alan has partnered with 25,000 companies, serving over 650,000 members in Europe. -
Alan has continued to scale, expanding its platform from France to Belgium and Spain, before making its entry into Canada in 2024.
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Alan has introduced a range of new products and services, including preventative care, fulfilling its vision of integrating health insurance with healthcare.
Alan was an attractive investment for us primarily because of its mission, which is to bring new creative solutions to the problem of delivering healthcare that is accessible to all. It is amazing to witness mission-driven people working day in and day out to try and solve very tough problems. Their resilience and creativity are inspiring.
