Ontario Teachers’ venture fund backs Swedish digital healthcare firm Kry

The backers include Teachers’ Venture Growth, P Capital Partners, Index Ventures, Accel, Creandum and Project A.

  • The funding will support Kry’s strategy to embed digital into European healthcare systems and improve patient care
  • Kry employs more than 3,000 clinicians
  • Johannes Schildt is the company’s co-founder and CEO

Swedish digital healthcare provider Kry has secured over $160 million, according to a news announcement on its site.

The backers include Teachers’ Venture Growth, P Capital Partners, Index Ventures, Accel, Creandum and Project A.

The funding will support Kry’s strategy to embed digital into European healthcare systems and improve patient care.

With more than 3,000 clinicians employed by Kry, over 6,000 using its platforms and tools, and having delivered over 7 million patient appointments, Kry’s digital healthcare empowers patients to access primary care at scale. Kry continued to grow rapidly with over 100% year-on-year growth in 2020 and 2021 through its partnerships supporting patients and healthcare systems across Europe.

Johannes Schildt, CEO and co-founder of Kry, said in a statement: “We’re seeing continued high demand from patients, clinicians and governments and have grown strongly in recent years. I’m delighted that investors share our confidence that Kry’s digital tools can drive efficiency and better patient outcomes across healthcare systems, at scale.”

Olivia Steedman, executive managing director of TVG, said in a statement: “Since TVG’s initial investment in December 2019, Kry has grown to be trusted by millions across Europe who require immediate access to doctors, nurses and psychologists. By providing integrated, digital solutions, Kry has reduced the burden on healthcare systems and delivered improved patient journeys.”

Based in Toronto, TVG is the late-stage venture capital and growth equity arm of the Ontario Teachers’ Pension Plan.