Kry secures $300m investment to accelerate European expansion

Photo credit: Livi

Digital healthcare company Kry, operating as Livi in the UK and France, has raised more than $300 million in a Series D funding round led by CPP Investments and Fidelity Management & Research, with participation from existing investors including the Ontario Teachers’ Pension Plan, Index Ventures, Accel, Creandum and Project A.

Kry stated it will use the investment to scale its platform, building its healthcare and software offerings, as well as further geographic expansion across Europe. It said it will also increase headcount and explore further acquisitions and strategic partnerships.

Johannes Schildt, co-founder and chief executive of Kry, said: “This investment will help us empower patients to make active choices about their health in partnership with thousands of public and private healthcare professionals in Europe. Working in partnership with healthcare systems, governments, and clinicians, we can deliver high-quality healthcare, improve patient access, and create healthier societies. We have played a leading role in the digitisation of healthcare across Europe and will continue to play a leading role in the creation of a global digital healthcare ecosystem to deliver better patient experiences and outcomes through our technology.”

Leon Pedersen, managing director and head of thematic investing at CPP Investments added: “Kry is a significant and successful player in Europe’s digital healthcare market and this investment is a strong fit with our innovations in healthcare strategy. We are pleased to support Kry as they leverage technology to advance the delivery of proactive patient-centric services.”

J.P. Morgan was lead placement agent and Goldman Sachs was placement agent for the round.

Date published: April 27, 2021

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