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Well being Insurance coverage Startup Elevating Funds at $2.7 Billion Valuation

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(Bloomberg) — Digital health-insurance startup Alan is in talks to lift new funding with a valuation about 2.5 billion euros ($2.7 billion), in response to individuals conversant in the matter.

The spherical is not finalized but and the small print might change, the individuals stated, who requested to not be named discussing non-public data. A spokesperson from Alan declined to remark.

Paris-based Alan final raised 185 million euros in April 2021 at a 1.4 billion-euro valuation from buyers together with Coatue Administration, Temasek and Index Ventures. Different backers embody Exor NV, the holding firm of Italy’s billionaire Agnelli clan, and Dragoneer, an early backer of Spotify.

The corporate had annualized gross sales of 161 million euros on the finish of final yr, in response to a January shareholder letter from Chief Govt Officer Jean-Charles Samuelian-Werve.

When it was created in 2016, Alan grew to become the primary insurance coverage enterprise to acquire a license in France in 30 years. The corporate operates in France, Spain and Belgium.

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