Kry takes on $160+ million in new venture round

After laying off 100 staff members less than two months prior, healthcare provider Kry has taken on more than $160 million in a venture round.
Kry takes on $160+ million in new venture round

According to a company spokesperson, the recent round of layoffs at Kry and a new influx of $160+ million from existing backers including Teachers’ Venture Growth, Index Ventures, Accel, Creandum, Project A, and new investor P Capital Partners, have nothing to do with each other.

This “more than” $160 million venture round is slated to further fuel Kry’s primary care accessibility services, as well as drive the startup’s deepening interest in specialist services including mental health, chronic diseases (e.g. diabetes and asthma), and women’s health.

According to the company, Kry continued to grow rapidly with over 100% year-on-year growth in 2020 and 2021.

“This is all about creating more resilient and sustainable healthcare services for the longer term. We want more patients across Europe to have faster access to high-quality healthcare, and we want healthcare professionals to spend more time with patients to improve and save lives,” commented CEO and co-founder Johannes Schildt.

From the money side of the coin, Series C and D investor Teachers’ Venture Growth (TVG, a part of the Ontario Teachers’ Pension Plan)’s Olivia Steedman added, “By providing integrated, digital solutions, Kry has reduced the burden on healthcare systems and delivered improved patient journeys. We’re delighted for Johannes and his team as they continue Kry’s growth story and shape an efficient, sustainable future for healthcare in Europe.”

Including this $160+ million, Kry has raised approximately $730 million.

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