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The French company raised more than $780 million in a round led by Prosus, the Amsterdam-based tech investing subsidiary of South Africa’s Naspers. Ontario Teachers’ Pension Plan, was a returning investor after leading its series E round. Alan said it plans to double the size of its Canadian team, which has 27 full-time staffers, over the next two years, by expanding from Toronto to Montreal. (The Logic)
Talking point: Alan is emerging as a major challenger in an industry that is dominated by long-standing incumbents like Sun Life and Manulife. It hasn’t been easy—Alan still hasn’t hit its goal of hiring 50 Canadian staffers it set in 2024. But it now says its customer count has more than tripled since the end of 2025 to over 4,100 members. Led by Mistral co-founder Jean-Charles Samuelian-Werve, Alan says its “AI-powered health assistance” gives customers faster responses than its rivals. It also operates in France, Belgium and Spain.
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