European digital healthcare provider KRY has raised €140 million in a series C round to help the business accelerate its growth plans in Europe.

The funding round was led by Ontario Teachers’ Pension Plan through its Teachers’ Innovation Platform (TIP), which focuses on late-stage venture and growth equity investments in companies that use technology to disrupt incumbents and create new sectors.

KRY’s existing investors Index Ventures, Creandum, and Accel participated in the round. 

KRY will use the funds to hire new staff, expand into new markets across Europe, and further innovate and develop its product offering in existing markets including Sweden, the UK, France, Norway, and Germany. 

Johannes Schildt, chief executive and founder of KRY, said: “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 TIP 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.”

Date published: January 7, 2020

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