Sifted reposted this
French insurtech unicorn Alan has reported €505m in annual recurring revenues for 2024, a 48% jump from the previous year, while reducing losses to €54m. The company was valued €4bn when it last raised a €173m Series F in 2024, led by Belgian bank and insurer Belfius. Adrien Choquet tells Sifted that the while Alan's tech offering and recent growth justify the company’s valuation, “the challenge will be to maintain that tech offering at the forefront over the next few years. If you forget the tech and consider Alan as a traditional insurer, the valuation becomes decorrelated.”
"If you forget the tech and consider Alan as a traditional insurer, the valuation becomes completely decorrelated." 🤔 Remind me again why US companies are valued so much higher than their European counterparts and their economy is growing so much faster?
Adrien Choquet nice one Adri ✨
Health care curmudgeon
1dStill baffled as to why there's a role for a company like this in France but I guess €500m in revenue isn't a lie. Perhaps Margaux Benoit can explain it to me...