Here’s what’s occurring in European tech:
–Koa Well being, a digital psychological well being care supplier based mostly within the Netherlands, has introduced its profitable spin out from Alpha, Telefónica’s startup manufacturing facility, together with €14.1 million in new funding. The startup’s debut product is Koa Foundations, a psychological well-being app designed for the office, serving to organizations help their groups.
–Ozon, Russia’s main on-line retailer, has filed for a Nasdaq IPO, during which it goals to boost “at the very least $500 million.” Ozon can be contemplating itemizing its ADS in Moscow together with or shortly after its deliberate IPO in the USA, Reuters’ sources stated.
–German fintech startup Vivid Cash has raised a €15 million Sequence A funding spherical, TechCrunch reports. Constructed on prime of SolarisBank for the banking infrastructure, Vivid Cash is a challenger financial institution with a number of nifty options.
—PayPoint, a London-based legacy funds firm, will acquire Handepay and Merchant Rentals, two card funds and card terminal leasing companies within the U.Ok., from a consortium of personal traders. The worth tag is anticipated to learn round £70 million.
–Irish startup Provizio has raised $6.2 million for a sensor expertise that forestalls street accidents. The Limerick-based firm “is making use of AI software program and a five-dimensional sensory platform to predict and stop accidents in actual time and past the line-of-sight.”
–Spanish agency All Iron Ventures has closed its first fund, All Iron Ventures I, with €66.5 million–all from personal traders. The agency leads or co-invests in preliminary rounds, primarily in Sequence A or earlier than. Preliminary tickets are usually as much as €2 million, with the potential for follow-on funding.
–U.Ok.-based 6-month-old fintech startup Snoop has landed £10 million in funding; half of it got here by means of a crowdfunding marketing campaign, and the opposite half from the Future Fund. Snoop is a monetary administration app that claims to at all times be “watching your spending and recognizing sensible methods it can save you.”
We additionally tracked numerous (different) European tech funding rounds and M&A transactions, all of which we’re placing in a useful checklist for you on Friday afternoon in our weekly roundup e-newsletter (be aware: the total checklist is for paying customers solely). Additionally take a look at our European tech news section for ongoing protection.
— French journey startup Evaneos, which has raised greater than $100 million in funding to this point, is going to cut 50 jobs by the tip of this yr. This quantity represents greater than 20 % of its whole workforce.
–If you happen to haven’t had sufficient of the Starling vs Monzo drama but, check out another take by Yahoo Finance’s Oscar William Grut.
–Talking of banking, HSBC is about to launch a Transferwise rival of its personal. International Cash Account—available first in the U.S.—is a free mobile-based service that prospects can use to carry, handle and ship funds in varied currencies to HSBC prospects in over 20 markets across the clock in actual time.
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