KRY secures €140m for digital health app

Ben Heathcote | January 9, 2020

App Deals

 

KRY, a Stockholm-based digital health app which allows users to book online appointments with doctors, has announced a €140 million funding raise. The Series C round was led by Ontario Teachers’ Pension Plan (Ontario Teachers’) through its Teachers’ Innovation Platform (TIP).

Since launching, KRY has established itself as a leading digital healthcare provider with more than 1.4 million completed patient meetings. It has a team of more than 300 employees and is backed by renowned tech investors including Index Ventures, Accel and Creandum.

“When the company was founded in 2015, we recognised the enormous potential technology had to transform the way patients access healthcare,” said CEO and founder Johannes Schildt.

“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.”

Olivia Steedman, senior managing director at Teachers’ Innovation Platform of Ontario Teachers’, added:

“We are delighted to lead the Series C capital raise for KRY, the leading pan-European digital healthcare provider. The company is transforming how healthcare services are delivered to consumers through improved access and convenience, while at the same time relieving the pressure on highly strained healthcare systems.

“We are excited to partner with Johannes and his team to support KRY’s international growth ambitions and expand its medical offering across Europe.”

KRY operates in Sweden, Norway and recently launched in Germany. It plans to use the funding to accelerate its ambitious growth plans in Europe.

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