Based out of Stockholm, KRY is transforming the world of healthcare by making care more accessible and convenient. It’s worth mentioning that KRY is the market leader and only CE-certified, app-based service for meeting doctors through video meetings in Sweden.
Recently, the Swedish digital healthcare provider has secured $155 million (approx €140 million) to help the business accelerate its ambitious growth plans in Europe.
The Series C round was led by Ontario Teachers’ Pension Plan (Ontario Teachers’) through its Teachers’ Innovation Platform (TIP) along with existing investors Index Ventures, Creandum, and Accel. Notably, Maggie Fanari, Managing Director on the TIP team at Ontario Teachers’, will join KRY’s Board.
The company intends to use this fund to expand into new markets across Europe, innovate and develop the product offering in existing markets, including Sweden, the UK, France, Norway, and Germany. Furthermore, the company is planning to use a part of this funding to Hire new talent and expertise into the business to continue driving advancements in digital healthcare.
For the uninitiated, KRY is a digital health app, allowing users to consult with a qualified health professional in minutes, via their smartphone or tablet. Since its inception, the company has established itself as the market leader with over 1.4 million completed patient meetings.
Headquartered in Stockholm, KRY has 300+ employees and 700+ clinicians. It operates in Sweden, Norway, and, most recently, Germany and also operates under the name LIVI in the UK and France. KRY was founded in 2015 by Fredrik Jung Abbou, Joachim Hedenius, Johannes Schildt, and Josefin Landgård.
Johannes Schildt, CEO, and Founder of KRY said:
When the company was founded in 2015, we recognised the enormous potential technology had to transform the way patients access healthcare. Today, we’ve built a product that is already loved by millions of patients in Sweden, the UK, France, Germany, and Norway. Our ambition now is to expand into improving access to healthcare for millions more within Europe.
Ontario Teachers’ believes strongly in our vision and is the perfect partner, given its track record of long-term investments in leading businesses and focus on emerging mega-trends. They will bring invaluable experience to our business as we look to expand our operations further and reach.
Main image credits: KRY
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