The Ontario Teachers’ Pension Plan Board VC arm has made a significant bet on French digital healthcare platform Alan. Co-founded by former Facebook data scientist Charles Gorintin, Alan has built its own underwriting capabilities and become a flag bearer for the European insurtech market. The Series E investment from Teachers’ Venture Growth (TVG), comes hot on the heels of Singapore sovereign wealth fund Temasek supporting its previous fundraising efforts in 2021. Co-investors include Index Ventures, Coatue, Ribbit Capital, Exor, Dragoneer, Lakestar, and value the business in excess of €2.7bn. Benjamin Cichostepski-Lesage and the tech team at Paris-based Orrick advised on the deal, and attention now turns to gearing the business into a cash positive position over the next two-years.
|Investor Links||https://www.orrick.com/en/Practices/Technology-Companies-Group||https://www.linkedin.com/in/benjamin-cichostepski-lesage-6646302/ https://www.linkedin.com/in/olivia-steedman-13618484/?originalSubdomain=ca|
|Insurtech Links||https://alan.com/||https://www.linkedin.com/in/charles-gorintin/ https://www.linkedin.com/in/jcsamuelian/|