Why insurtech Alan’s crazy valuation is not crazy
Insurtech startups have been among the hardest hit during the funding downturn over the past two years. So I understand the surprise when French unicorn Alan recently announced that it had raised a $193m late-stage funding round at a $4.5bn valuation — a nice leap from the €2.7bn valuation of its last round in 2022.
Pitchbook noted that this was by far the largest Insurtech investment of 2024 — and one of the 10 largest ever in Europe. Pitchbook’s chart makes clear how much pain this sector is feeling:
Keep reading with a 7-day free trial
Subscribe to Decoding Discontinuity to keep reading this post and get 7 days of free access to the full post archives.