Doctor app KRY pockets $66m for European expansion

Ben Heathcote

In App Deals. June 13, 2018

Swedish doctor app KRY has raised $66 million to launch its video-call-a-doctor service across more European markets, including France and the UK. The Series B funding round was led by Index Ventures with participation from previous backers Accel, Creandum and Project A.

The KRY app, which is available on Android and iOS, allows patients to book a video consultation with a healthcare professional within 15 minutes through their smartphone or tablet.

In the two years since its launch, the startup claims to have already facilitated 350,000 patient meetings in Sweden, Norway and Spain and enjoyed growth of 740 per cent in 2017. Last summer, KRY closed a €20 million Series A round led by Accel.

Johannes Schildt, KRY CEO and co-founder, said:

“We are going to make the world a healthier place by providing equal access to hassle-free high quality care – regardless of where you live or who you are. We are happy that Index Ventures and our other investors share that great ambition. Using digitalization we will push through a paradigm shift in healthcare. From being expensive, reactive and system oriented we will make healthcare abundant, proactive and patient focused.”

Martin Mignot, partner at Index Ventures, added:

“KRY offers a unique opportunity to deliver a much improved healthcare to patients across Europe and reduce the overall costs associated with primary care. KRY has already become a household name in Sweden where regulators have seen first-hand how it benefits patients and allowed Kry to become an integral part of the public healthcare system. We are excited to be working with Johannes and his team to bring KRY to the rest of Europe.”

KRY will use the investment to continue building its team in order to further expand geographically – initially to the UK and France, deepen penetration in existing markets, expand its medical offering and reach its goal of becoming the world’s leading healthcare provider.