Healthtech unicorn Alan has raised a €480m Series G round led by Dutch investment firm Prosus, valuing the digital insurer at €5.5bn. The funding includes participation from Index Ventures, Teachers' Venture Growth, and new backer Dara Holdings. Founded in 2016, Alan evolved from a digital health insurance provider into a comprehensive healthcare platform spanning insurance, care, and prevention services.

The company reported over €800m in annual recurring revenue during Q1 2026, marking 53% year-over-year growth. Serving more than 1.1m users, Alan achieved profitability in France, its largest market. Its AI-native model enables personalized healthcare experiences while scaling efficiently with limited headcount expansion, distinguishing it in a traditionally slow-moving sector.

Prosus plans to leverage its AI capabilities, including its Large Commerce Model, to support Alan's international expansion and product development. CEO Jean-Charles Samuelian-Werve emphasized the funding enables faster growth across new markets and deeper investment in AI. The deal awaits regulatory approval before closing.

This represents one of Europe's largest healthtech funding rounds, signaling strong investor confidence in AI-driven healthcare transformation amid growing demand for digital health solutions.