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In European Tech: $16.5M For Mental Well-being, Ozon Files To Go Public, And More

(Editor’s Note: This is an article written for by Andrii Degeler and shared with Crunchbase News as part of a news-sharing partnership.)


Here is what’s happening in European tech:


–Koa Health, a digital mental health care provider based in the Netherlands, has announced its successful spin out from Alpha, Telefónica’s startup factory, along with €14.1 million in new funding. The startup’s debut product is Koa Foundations, a mental well-being app designed for the workplace, helping organizations support their teams.

–Ozon, Russia’s leading online retailer, has filed for a Nasdaq IPO, in which it aims to raise “at least $500 million.” Ozon is also considering listing its ADS in Moscow along with or shortly after its planned IPO in the United States, Reuters’ sources said.

–German fintech startup Vivid Money has raised a €15 million Series A funding round, TechCrunch reports. Built on top of SolarisBank for the banking infrastructure, Vivid Money is a challenger bank with a few nifty features.

PayPoint, a London-based legacy payments company, will acquire Handepay and Merchant Rentals, two card payments and card terminal leasing businesses in the U.K., from a consortium of private investors. The price tag is expected to read around £70 million.

–Irish startup Provizio has raised $6.2 million for a sensor technology that prevents road accidents. The Limerick-based company “is applying AI software and a five-dimensional sensory platform to predict and prevent accidents in real time and beyond the line-of-sight.”

–Spanish firm All Iron Ventures has closed its first fund, All Iron Ventures I, with €66.5 million–all from private investors. The firm leads or co-invests in initial rounds, mainly in Series A or before. Initial tickets are typically up to €2 million, with the possibility of follow-on funding.

–U.K.-based 6-month-old fintech startup Snoop has landed £10 million in funding; half of it came through a crowdfunding campaign, and the other half from the Future Fund. Snoop is a financial management app that claims to always be “watching your spending and spotting smart ways you can save.”

We also tracked a large number of (other) European tech funding rounds and M&A transactions, all of which we are putting in a handy list for you on Friday afternoon in our weekly roundup newsletter (note: the full list is for paying customers only). Also check out our European tech news section for ongoing coverage.

Worth knowing

— French travel startup Evaneos, which has raised more than $100 million in funding so far, is going to cut 50 jobs by the end of this year. This number represents more than 20 percent of its total workforce.

–If you haven’t had enough of the Starling vs Monzo drama yet, check out another take by Yahoo Finance’s Oscar William Grut.

–Speaking of banking, HSBC is about to launch a Transferwise rival of its own. Global Money Account—available first in the U.S.—is a free mobile-based service that customers can use to hold, manage and send funds in various currencies to HSBC customers in over 20 markets around the clock in real time.

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