Stockholm-based healthtech startup Kry, operating by the name Livi in the UK and France announced in April 2021 that it has bagged €262 million in a Series D funding round led by CPP Investments (CPPIB) and Fidelity Management & Research LLC with participation from existing investors Ontario Teachers’ Pension Plan (Ontario Teachers’), Index Ventures, Accel, Creandum and Project A.
The startup will use the proceeds from the funding round to develop its software offerings as well as accelerate geographic expansion.
About the startup
Kry was founded in 2015. Its technology connects patients with qualified healthcare professionals. The startup, apart from offering its core video consultation technology, which is already available in 30 European markets, has also added enhanced triage, advanced queuing and matching functionality, paperless referral management, secure patient messaging and personalized treatment plans for its clinicians. To date, the startup has helped more than three million patients’ access healthcare. Kry grew over 100% year-on-year in 2020 in response to supporting patients and healthcare systems across Europe during the COVID-19 pandemic. The fresh capital will also help the startup meet the growing patient demand for their virtual healthcare services and achieve its vision of making high-quality healthcare accessible for all. Kry will also use the funding to increase the headcount of its team and discover further acquisitions and strategic collaborations.
Statements from the stakeholders
CEO and co-founder of Kry, Johannes Schildt said this investment will help the startup empower patients to make active choices about their health in association with thousands of public and private healthcare professionals in Europe. Working in partnership with healthcare systems, governments, and clinicians, they can deliver high quality healthcare, improve patient access, and create healthier societies. He added that they have played a key role in the digitization of healthcare across Europe and will continue to play a leading role in the formation of a global digital healthcare ecosystem to deliver better patient experiences and results through their technology.
Leon Pedersen, Managing Director and Head of Thematic Investing, CPP Investments said Kry is a noteworthy and successful player in Europe’s digital healthcare market and this investment is a strong fit with the firm’s innovations in the healthcare domain. They are pleased to support Kry as they utilize technology to further the delivery of proactive patient-centric services.
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