Kry raises $155 million in series C round led by the Ontario Teachers’ Pension Plan.

Canada United Kingdom Sweden United States Investments 06 January 2020
Share on FacebookShare on Twitter

Kry, a Stockholm, Sweden-based digital healthcare company providing tele-medicine services, completed a $155 million capital investment round.

The funding was led by the Ontario Teachers’ Pension Plan, and included participation from existing investors Index Ventures, Creandum and Accel.

Ontario Teachers’ Pension Plan is one of the world's biggest pension funds and made the investment through Teachers' Innovation Platform (TIP), the unit which undertakes late-stage venture investments. Maggie Fanari, a managing director on the TIP team, will join Kry's board following the transaction.

Kry, founded in 2014 by Joachim Hedenius, Josefin Landgård, Fredrik Jung Abbou and Johannes Schildt (CEO), has developed a video application via which you can meet a doctor or therapist at any time or location, using your phone or tablet.

Since 2018 the company has started expanding its services outside Sweden - in UK, France or Norway - under the name Livi. In Sweden, in 2018, Kry had sales of SEK 234 million ($25M).

Prior to this round, Kry raised almost $100 million.