Alan, a France-based digital health insurance platform, announced last week the closing of a €185 million Series D funding round, bringing the company’s total valuation to €1.4 billion. The funding comes as Alan doubles its member base to 155,000 and surpasses €100 million in annualised revenue. The funding round was led by Coatue, a global technology-focused investment manager founded by Philippe Laffont, along with Dragoneer, Exor, and existing investors Index Ventures, Ribbit Capital and Temasek. By the end of 2023, Alan will hire 400 additional staff across Europe and will grow its international teams from 30 to 140. The company aims to exceed 1 million insured members and expects to reach profitability in its home market of France by then.