And the first mega round for a European tech company in 2020 is a fact, with Stockholm-based digital healthcare provider KRY scoring €140 million in funding as it gears up for further expansion in Europe.
The Series C round was led by Canada’s largest single-profession pension plan (Ontario Teachers’ Pension Plan) through its Teachers’ Innovation Platform, which focuses on late-stage venture and growth equity investments, with existing investors Index Ventures, Creandum and Accel chipping in for good measure.
KRY says it will use the fresh cash to double down on new markets in Europe and bring its tech to millions more patients across the continent, boost product development and significantly ramp up hiring in key market such as the UK and France (where it is known as LIVI) as well as Germany.
Johannes Schildt, founder and CEO of KRY, commented on the round: "When the company was founded in 2015, we recognised the enormous potential technology had to transform the way patients access healthcare. Today, 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."
In June 2018, KRY secured €53 million. You should also check last year's interview with the company's CMO, Sabina Wizander, and for more insights on the rise of late-stage funding in European tech, check our free report.