Alan’s €183 Million Fundraising

Goodwin advised Ontario Teachers’ Pension Plan (OTPP) while Orrick represented Alan.

Ontario Teachers’ Pension Plan (OTPP) led the $193 million Series E financing round of the French health insurance startup Alan.

This round was led with participation from existing and new investors including Temasek, Index, Coatue, Ribbit Capital, Exor, Dragoneer, and Lakestar.

Founded in 2016, Alan is the first independent digital health insurance in France since 1986. In April 2021, Alan raised €185 million and became a unicorn at a €1.4 billion valuation. It has now reached a €2.7 billion valuation.

The Orrick team included Benjamin Cichostepski (Picture), Abdelkrim Nassiri and Mayeul Lelievre.

The Goodwin team was led by Benjamin Garçon and included Louis Taslé d’Héliand and Thomas Léry on corporate aspects.

 

Involved fees earner: Benjamin Garçon – Goodwin Procter; Thomas Lery – Goodwin Procter; Louis Taslé d’Héliand – Goodwin Procter; Benjamin Cichostepski – Orrick Herrington & Sutcliffe LLP; Mayeul Lelievre – Orrick Herrington & Sutcliffe LLP; Abdelkrim Nassiri – Orrick Herrington & Sutcliffe LLP;

Law Firms: Goodwin Procter; Orrick Herrington & Sutcliffe LLP;

Clients: Alan SA; Ontario Teachers’ Pension Plan Board;

Naoual Sadouqi

Author: Naoual Sadouqi