Koa Health announced a €14 million funding round led by Ancora Finance Group and Wellington Partners.

Koa Health, an Amsterdam, Netherlands-based digital health provider, announced the completion of a €14 million funding round.

The money was raised from investors led by Ancora Finance Group and Wellington Partners.

Telefónica will remain a shareholder of Koa Health and an important customer. Ancora Finance Group and Wellington Partners will have seats on the Koa Health board.

Koa Health, led by CEO Oliver Harrison, was spun out of Telefónica's health accelerator, Alpha. Koa Health’s debut product is Koa Foundations, a mental wellbeing app helping organisations better support their teams. Following its recent launch it is already in use by dozens of companies with a combined employee population of over 250,000. 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.