CPPIB, Fidelity lead €262m series-D round for Kry

Also taking part in the round were existing investors Ontario Teachers' Pension Plan (OTPP), Index Ventures, Accel, Creandum and Project A.

Kry, which was founded in 2015, has so far raised nearly €500m. It will use the proceeds of the latest funding to fuel its expansion into Europe and to scale its platform. The funding will also be used to grow its team, and explore further acquisitions and strategic partnerships.

The company said in a statement that it grew by 100% year-on-year in 2020 in response to supporting patients and healthcare systems across Europe during the pandemic.

JP Morgan acted as lead placement agent and Goldman Sachs served as placement agent on the fundraising.

Previous funding
Index 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.

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

Index then led a $66m series-B funding round for Kry in 2018. The round saw existing investors Accel, Creandum and Project A participate.

In January 2020, OTPP led a €140m series-C funding round for the company.

Company
Founded in 2015 and headquartered in Stockholm, Kry is a digital healthcare company. Its technology connects patients with qualified healthcare professionals digitally.

Beyond its core video consultation platform, it also offers clinicians access to enhanced triage, advanced queuing and matching functionality, paperless referral management, secure patient messaging and personalised treatment plans.

The company has 700 employees. 

People
Kry – Johannes Schildt (CEO, co-founder).
CPPIB – Leon Pedersen (managing director)

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