EMCC European Monitoring Centre on Change

Alan

Company/Organisation:
Alan

Geographic Location

Country: France
Region: Paris; île de France
Location of affected unit(s): Paris

Company

Sector: Information / communication
IT and other information services
62.01 - Computer programming activities
Number Employed: 64

Employment Effects

Announcement Date: 18-02-2019
Type of Restructuring: Business expansion
Employment Effect Start: 01-01-2019
Foreseen End Date: 31-12-2019
Planned Job Creation: 111

Additional Information

Alan, an insurance start-up, announced the recruitment of 111 employees in 2019 after successfully raising a further €40 million to ensure its development. Since its first fundraising in 2016, Alan has already raised a total of €75 million. Alan now generates €22 million in annual revenue and aims to achieve €100 million in revenue within two years. Alan targets the market of self-employed and SMEs with less than 400 employees. Alan now insures more than 27,000 people, compared to 5,000 a year earlier. The company aims to achieve a turnover of €100 million and cover 100,000 people within two years. The fundraising should enable the start-up to increase from 64 to 175 employees by the end of the year.

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