Kara Connect announced raising $6.3 million from The Iðunn Enterprise Fund managed by Icelandic Kvika Asset Management

Kara Connect, a Reykjavik, Iceland and Copenhagen, Denmark-based company providing a tele-help health marketplace, raised $6.3 million in an new equity round.

The money was raised from investors in Iceland, namely The Iðunn Enterprise Fund managed by Icelandic Kvika Asset Management. Post-deal, Iðunn Enterprise Fund will be Kara Connect’s largest shareholder. Pétur Richter, Iðunn’s investment manager, will take a seat on Kara’s board following the financing.

Kara Connect, founded in 2014 by CEO Thorbjörg Helga Vigfúsdóttir, built a communications platform for health professionals providing their services remotely. The platform has 700 professionals who helped about 4300 registered users.

Prior to this investment round. Kara Connect raised $1.3 million in 2019 from investors including Nýsköpunarsjóður (The New Business Venture Fund), Poleved Industrial Performance AB and Skogsliden Finance AB, as well as a $1.9M investment round completed from Crowberry Capital and angel investors.