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CPPIB, Fidelity Lead 300Mn Dollars Funding for Kry - Online Medical Platform

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Online Medical Platform Case. Finance Mandarin has cases on Pingan Health, JD Health, Ali Health, and Wedoctor. This time we study Kry.

Kry, a Swedish healthcare platform that connects patients with doctors, has raised $300m, which it says will accelerate European expansion plans.

The funding round was led by CPP Investments and Fidelity Management and Research LLC.

Kry uses video consultation technology to allow clinicians to triage patients. The company says it now wants to expand into secure patient messaging, personalized treatment plans, and greater mental health triage tools.

We have played a leading role in the digitization of healthcare across Europe and will continue to play a leading role in the creation of a global digital healthcare ecosystem,” said CEO and co-founder Johannes Schildt.

But how does Kry, which operates as Livi in the UK and France, compare to the other big European healthtech startups also on a mission to become the healthcare super app?

Kry’s latest round puts it in second place, with €489m raised. It's most recent round before today was a €140m Series C round in January 2020.

Kry operates in Sweden, Norway, the UK, France, and most recently Germany.

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