Swedish startup KRY raises €53 million to expand to France and UK

Swedish digital healthcare startup KRY has secured a €53 million Series B funding round led by Index Ventures with participation from existing investors: Accel, Creandum, and Project A. The company, which has raised a total of €79 million to date, is planning to use the money to fuel the expansion of its video consultation app to France and the UK.

KRY's service already accounts for more than 3 percent of all primary care doctor visits in Sweden, the company stated in a press release. It employs over 300 clinicians, who consult patients via video calls and can give medication or home tests prescriptions, as well as refer them to a specialist or a lab. KRY can also deliver the medication and tests to the patient's home within two hours.

In March 2018, the startup launched an online psychology service, and by now has become the largest provider of cognitive behavioural therapy (CBT) treatments in Sweden. KRY also operates in Norway and Spain and claims to be the largest digital healthcare provider in Europe with 350,000 patient meetings conducted through its app in under two years.

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