Kry acquired Hello Shim, a Swedish chatbot provider for improving mental well-being.

Sweden M&A 02 April 2019
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Kry, a Stockholm, Sweden-based company providing tele-medicine services via a digital solution, announced that it acquired the also Stockholm-based company Hello Shim, which developed the psychology apps Enjo and Shim.

Financial details of the transaction remained undisclosed. The deal seem to be an acqu-hire, as it strengthens Kry's team and, following the transaction, Enjo will be closed by September 2019.

Kry, founded in 2014 and led by CEO Johannes Schildt, has developed a video application via which customers can meet a doctor or therapist in a digital environment. The company has raised almost $100M in venture funding and has pan European ambitions. Its investors include Accel, Creandum, Index Ventures and Project A Ventures.

Hello Shim was started in 2015 by Hoa Ly with the aim to build an automated chatbot that could help improve mental well-being. The initial bot was named Shim, followed by Enjo, an empathic chatbot that through a personalized conversation helps the user to take care of their mental well-being.

Shim was also funded by external investors, having raised almost $1M from a range of Swedish angel investors, including Ludvig Linge, Hampus Jakobsson, Alfred Ruth, Sophia Bendz, and from Sunstone and Sweet Capital.