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Friday, March 1, 2024

Nordic digital health application raises over $160M in funding

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Stockholm-based startup Kry has collected over $160M in a funding round from Teachers’ Venture Growth and P Capital Partners along with current investors Index Ventures, Accel, Creandum and Project A. Kry’s app allows patients receive healthcare services from a doctor, nurse, or psychologist through video consultations. They also have 25+ healthcare clinics in Sweden. The capital will support the startup’s efforts to place its application in the healthcare system in Europe, enabling patients to receive faster and more efficient healthcare and also reducing the pressure on the traditional healthcare system.

Kry completes fundraising of $160m+ to support better healthcare for millions more patients

As Europe’s leading digital healthcare provider Kry has now delivered more than 7M patient appointments

Kry has secured over $160m in funding as it continues to boost access to healthcare for millions of patients. The fundraising round was from a combination of new and existing partners, including Teachers’ Venture Growth (TVG, part of the C$242 billion Ontario Teachers’ Pension Plan) and P Capital Partners. Current investors Index Ventures, Accel, Creandum and Project A also participated.

Working in partnership with healthcare professionals, governments and partners across Europe, Kry improves patient access to both primary and specialist care via its technology and physical care centers.

The funding will support Kry’s strategy to embed digital into the backbone of healthcare systems in Europe and improve care for millions of patients.

Kry’s purpose is to ensure that patients receive the right care from the right specialist, faster. Kry’s products and tools reduce the burden on healthcare professionals and improve population health through more efficient and sustainable healthcare services. In recent months Kry has expanded into further care segments via its mental health offering and will extend into chronic disease, including diabetes and asthma. It is also deepening its women’s health specialism, with further training for clinicians and a content hub to better connect patients with the right advice and guidance.

With more than 3,000 clinicians employed by Kry, over 6,000 using its platforms and tools, and having delivered over 7 million patient appointments, Kry’s digital healthcare empowers patients to access primary care at scale. Kry continued to grow rapidly with over 100% year-on-year growth in 2020 and 2021 through its partnerships supporting patients and healthcare systems across Europe.

Kry, Johannes SchildtJohannes Schildt, CEO and co-founder of Kry, said: “We’re seeing continued high demand from patients, clinicians and governments and have grown strongly in recent years. I’m delighted that investors share our confidence that Kry’s digital tools can drive efficiency and better patient outcomes across healthcare systems, at scale.

“This is all about creating more resilient and sustainable healthcare services for the longer term. We want more patients across Europe to have faster access to high-quality healthcare – and we want healthcare professionals to spend more time with patients to improve and save lives.”

Kry, TVG, Olivia SteedmanOlivia Steedman, Executive Managing Director, TVG, said: “Since TVG’s initial investment in December 2019, Kry has grown to be trusted by millions across Europe who require immediate access to doctors, nurses and psychologists.

By providing integrated, digital solutions, Kry has reduced the burden on healthcare systems and delivered improved patient journeys. We’re delighted for Johannes and his team as they continue Kry’s growth story and shape an efficient, sustainable future for healthcare in Europe.”

Click here to read more funding news.

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Nurcin Metingil
Nurcin Metingil
A permanent student, a passionate first reader and nowadays doing master’s degree in Publishing Management. Beside these, I am up for games! I have been playing games since I was 6. Now, I am whispering "Business. Business. Numbers. Is this working?"

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