CEO Jean-Charles Samuelian-WerveFounded 2016HQ Paris, France
Alan is a digital health insurance company that combines insurance with prevention and care support in one platform. It serves individuals and employers in Europe and positions itself as a technology-driven health partner.
Access to pre-IPO shares is available to accredited investors through UpMarket.
Latest Price
$4.44B
Series F, Sep 2024, Perplexity
UpMarket Estimate
$4.2B
Based on UpMarket valuation model
How to Invest in Alan Through UpMarket
Alan shares are not on public exchanges. UpMarket provides accredited investors access through secondary market transactions.
Step 01
Verify accredited investor status
Confirm eligibility under SEC Rule 501 of Regulation D. Income or net worth threshold applies.
Step 02
Create an UpMarket account
Complete KYC/AML onboarding. Typically 1–2 business days. Licensed rep assigned on signup.
Step 03
Review available Alan offerings
Full offering memoranda and risk disclosures provided before any commitment is required.
Step 04
Complete subscription documents
Review and sign subscription agreement. All documents handled digitally through the platform.
Step 05
Fund your investment
Wire transfer or ACH. $50K minimum. Funds held in custodial account until close.
Pre-IPO investments are illiquid, speculative, and involve risk of total loss of capital.
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UpMarket has brokered over ${{aum_amount_brokered_en}} billion in alternative investments*
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Valuation Growth Over Time
Post-money valuation by round
Previous roundsMost recent
Date
Round
PPS (split-adj.)
Valuation
Sep 2024
Series F
$4.44B
Why Investors Are Watching Alan
Growth Signal
Alan hit €785M ARR and raised €100M in March 2026
Alan said it reached €785 million in annual recurring revenue in 2025 and completed a €100 million funding round in March 2026. The company said the new capital lifted its valuation to more than €5 billion.
Market Opportunity
Alan expanded internationally, including a Canada push
Alan’s March 2026 announcement said the company was growing internationally, including in Canada. The round was led by Index Ventures’ growth fund with participation from Belfius, Greenoaks, Kaaf Investments and SH Capital.
Competitive Moat
Alan’s digital health-insurance model targets employers
Alan is described as an online digital insurance company focused on health and wellness, with services tailored to different types of businesses. That B2B positioning supports a more specialized insurance platform than a consumer-only model.
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No. As of March 2026, Alan is a private company and does not trade on any public stock exchange. Accredited investors can access Alan shares through UpMarket, a FINRA-registered broker-dealer that specializes in pre-IPO investments.
Alan does not have a public stock price because it is privately held. The most recent known share price comes from its last funding round. Pre-IPO share prices on the secondary market may differ from the last round price depending on supply, demand, and market conditions.
Yes. Accredited investors can indicate interest in Alan shares through UpMarket by filling out the form on this page or creating an account at upmarket.co. All pre-IPO offerings are subject to availability and require a $50,000 minimum investment. UpMarket is a FINRA-registered broker-dealer and has brokered alternative investments since 2019.
Pre-IPO investments carry significant risks. Alan shares are illiquid, meaning there is no public market to sell them quickly. There is no guaranteed exit timeline or return. The investment is speculative in nature, and investors should be prepared for the possibility of total loss. Valuations of private companies can fluctuate substantially between funding rounds. Investors should consult their financial advisor and review all offering documents before investing.
In a pre-IPO transaction, accredited investors purchase shares from existing shareholders (such as employees, early investors, or other holders) through secondary market platforms. The company itself does not issue new shares in these transactions. UpMarket facilitates these trades as a FINRA-registered broker-dealer, handling compliance, documentation, and settlement on behalf of both parties.
There are two primary exit paths for pre-IPO holdings: selling your shares on the secondary market to another buyer, or holding until the company completes an IPO or is acquired. Both paths are subject to transfer restrictions, company approval (right of first refusal), and market conditions. The timing of any exit is unpredictable, and investors should plan for a multi-year holding period.
The minimum investment for most pre-IPO offerings on UpMarket is $50,000. This amount may vary depending on the specific offering and share availability. There are no fees to create an UpMarket account or browse available investments. Investors only pay transaction-related fees when they complete an investment.
UpMarket's valuation estimate of is derived from a proprietary model that incorporates multiple data sources: funding round data (Caplight), revenue estimates (Sacra), secondary market pricing, and public company comparables. The model applies a private company discount to the public comp multiple to account for illiquidity and information asymmetry. This estimate is not investment advice and may differ substantially from the price at which shares actually trade.
Alan is a digital health insurance platform serving individuals and employers across Europe and reached €785M ARR, with a $4.2B valuation after raising €100M in March 2026 — accredited investors can access Alan stock through UpMarket.