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Paris-based Alan has raised a USD $227 million Series D round with a valuation of $1.7 billion for its health insurance and app for Europe-based employers and independents. With this valuation it becomes work tech’s latest unicorn.

The company reported to TechCrunch that is has generated $120 million annualized revenue across 9400 customers primarily located in France, Belgium, and Spain.

WorkTech estimates the total addressable market (TAM) for benefits tech in primary markets at $121 billion.

$2.7 billion was invested globally in work tech during 2021 Q1 alone. Get our free report and analysis here.

TechCrunch

Source: Alan raises $220 million for its health insurance and healthcare superapp

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