Alan, the first new health insurer licensed in Canada since 1957, has secured more than $780 million in Series G funding, valuing the company at $8.9 billion. The round is led by Prosus, with Ontario Teachers' Pension Plan returning as an investor for the third consecutive round. The company plans to double its Canadian team over 24 months and expand from Toronto into Montreal. Alan currently serves 100 Canadian employers and over 4,100 members, with member volume more than tripling since end-2025. Alan operates what it calls "prevention insurance," integrating health coverage, care navigation, wellbeing services and AI-powered assistance. The company reached $1.3 billion in annual recurring revenue in Q1 2026, grew 53% year-over-year, and now serves more than 1.1 million members across France, Spain, Belgium and Canada.

Prosus has raised $1.65 billion through new US dollar bonds, issuing a $1 billion 10-year note and a $650 million 7-year note under its Global Medium-Term Note Programme. The proceeds will refinance existing notes maturing in 2027 via a tender offer. The transaction follows a year in which Prosus's ecosystem businesses delivered adjusted EBITDA of $1.3 billion. The new bonds will list on Euronext Dublin, with the refinancing expected to be ratings neutral. The Amsterdam and Johannesburg-listed technology group operates lifestyle e-commerce brands across Europe, India, and Latin America. Its portfolio includes food delivery, payments, classifieds, travel, and mobility services. By extending its debt maturity profile, Prosus aims to support operational flexibility whilst maintaining credit stability for its high-growth technology investments.

Prosus, a Netherlands-based technology investor, reported that FY26 ecosystem revenue jumped 57% to $9.7 billion, whilst ecosystem adjusted EBITDA rose 84% to $1.3 billion. The company also recorded a record free cash flow of $1.5 billion. Core headline earnings per share increased 24%, and non-core asset sales reached $2 billion. Prosus returned $46 billion through buybacks and raised its full-year dividend by 40% to €0.28. Among portfolio companies, Brazil-based iFood reported $400 million in adjusted EBITDA, PayU posted its first positive adjusted EBITDA at $18 million, and OLX recorded $481 million. Prosus launched ToqanClaw, a no-code AI platform for merchants across its food-delivery ecosystem, now available to over 5 million partners globally. PayU could list in 2026.