European tech / healthtech
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Sifted · Europe · Alan raises €480m at €5.5bn, Europe's largest healthtech round in 2026, pending regulatory sign-off
Frames the €5.5bn valuation as the highest ever for a European healthtech startup. Notes Alan has expanded from French health insurance into a broader platform combining insurance, care coordination and preventive health, and is profitable in France. Reports the company operates in France, Spain, Belgium and Canada. Flags the regulatory condition: AMF sign-off is required because Alan offers health insurance regulated as a financial product in France.
“Alan's €5.5B valuation is the highest ever for a European healthtech startup, as the company shifts from insurer to full-stack health platform.”