Posted 2/14/2024, 12:11:15 PM
French Health Insurance Startup Alan Reaches $2.9B Valuation Despite Losses, Aims for Profitability by 2025 Through AI Productivity Gains
- Alan is a French health insurance startup that has reached a $2.9B valuation and over 500k customers
- The company is still losing money ($63M in 2023) but aims to reach profitability in France by 2025
- Revenue grew 39% in 2023 with new big brand clients like N26 and Eventbrite
- Scaling plans involve growing revenue quickly while only increasing headcount 5% annually
- Alan believes AI will be key, with tools that make employees 40% more productive and reduce costs