The funding round follows a year of strong growth for the company, which reached €785 million (about $1.2 billion) in annual recurring revenue (ARR) in 2025 and achieved operational profitability in France, its largest market.
The round was led by Index Ventures through its growth fund, with participation from Belfius, Greenoaks, Kaaf Investments and SH Capital.
Individual investors include Shopify chief executive officer Tobi Lütke and Wealthsimple co-founder and CEO Mike Katchen.
Canada’s employee health benefits market has seen little change in decades, leaving many employers with plans that are often difficult for employees to understand and use, according to the digital health company.
“Alan was built to simplify that experience by bringing health insurance, care and prevention programs together in one place.
