![]() As part of the company’s continued development, Koa Health will increase investment in clinical trials and scale R&D to further personalise its products. The broader product roadmap, supported by the investment, will see Koa Health launch a wide range of mental health solutions, from digital wellbeing to digital therapeutics, to improve users’ mental wellbeing, helping them access mental health services anytime, anywhere. Koa Foundations offers users a library of evidence-based activities to improve user wellbeing including tackling stress, sleeping better, aiding relaxation and positive thinking and boosting self-confidence. Following its recent launch it is already in use by dozens of companies with a combined employee population of over 250,000. Koa Health’s debut product is Koa Foundations, a mental wellbeing app helping organisations better support their teams. There has never been a greater need for digital solutions to support individuals’ mental health. Nearly 1 billion people worldwide are living with a mental disorder according to the World Health Organisation, which has called for substantial investment to avert a global mental health crisis accelerated by the COVID-19 pandemic. Koa Health’s spin out from Telefónica supports the company’s ambition to expand internationally and scale to meet the rapidly growing demand for digital mental health products and better serve individuals’ needs. Koa Health, previously known as Alpha Health, today becomes a new, independent company following four years of research and trials to secure robust data and build out an industry-leading product roadmap. Today marks a first closing of €14.1 million ($16.5US/£12.75 million) from investors organised by Ancora Finance Group and Wellington Partners in a Series A funding round, that will total up to €30 million. ![]() The investment will be used to expand operations across Europe, the US and Asia, scale clinical trials and boost R&D into personalisationĪmsterdam, Barcelona, Boston, Munich & London, November 5th, 2020: Koa Health, a digital mental healthcare provider redefining care by offering a range of personalised mental health solutions backed by science and designed to improve user wellbeing, announces its successful spin out from Alpha, Telefónica’s moonshot factory.Entry product Koa Foundations, aimed at employees from major corporations, healthcare providers and insurance members, already reaches more than 250,000 users.Koa Health spun out of leading Spanish global telecoms company, Telefónica, securing additional investment to grow its personalised digital mental healthcare offering.The funding round led by Ancora Finance Group and Wellington Partners will bolster Koa Health’s growth ambitions to make mental health treatment more accessible with its wide range of digital solutions Outstanding Debentures&Bonds of Telefónica S.A.Communications prior to 8 February 2020.Annual Reports on the Remuneration of Directors.Company’s Internal Regulations: By-Laws and Regulations.
0 Comments
Leave a Reply. |