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Unquote
  • Expansion

Index Ventures leads $66m series-B for Kry

  • Nicole Tovstiga
  • Nicole Tovstiga
  • 13 June 2018
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Index Ventures has led a $66m series-B funding round for Stockholm-based Kry, a digital healthcare company that offers video-based consultations.

The round also saw existing investors Accel, Creandum and Project A participate.

With the fresh funding, Kry intends to grow geographically with initial plans to enter the UK and France. In addition, it will also focus on expanding in its existing markets and expand its medical offering.

Kry

  • DEAL:

    Expansion

  • VALUE:

    $66m

  • LOCATION:

    Stockholm

  • SECTOR:

    Healthcare providers

  • FOUNDED:

    2014

Previous funding
Index Ventures and Nordic VC Creandum led a €6.1m seed round for Kry in August 2016. Kry's funding round also saw participation from Germany-based VC investor Project A Ventures.

Accel Partners led a €20m series-A funding for Kry in June 2017, along with the existing investors Creandum, Index Ventures, and Project A.

Company
Founded in 2014 and headquartered in Stockholm, Kry is a digital healthcare company that offers video-based consultations to patients through mobile devices. It launched its service in Sweden in March 2015 and expanded to Norway and Spain in February 2017.

Kry started its online psychology service in March 2018. According to the company, it has contributed to 350,000 patient meetings in Sweden, Norway and Spain, and claims it grew by 740% in 2017. Around 300 clinicians use the firm's services.

People
Index Ventures – Martin Mignot (partner).
Kry – Johannes Schildt (CEO).

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  • Topics
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  • Nordics
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  • Sweden
  • Index Ventures
  • Creandum
  • Accel Ventures

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