E-health: Kry (Livi) raises 262 million euros to become leader in teleconsultation in Europe

The Swedish start-up Kry, editor of a teleconsultation platform present in France under the name Livi, announces this Tuesday, April 27 a fundraising of 262 million euros.

The roundtable was led by CPP Investments and Fidelity Investments (FMR) with the participation of historical investors, such as The Ontario Teachers’ Pension (OTPP), Index Ventures, Accel, Creandum and Project A.

The last fundraising of this young shoot located in Stockholm was 140 million euros and dated back to January 2020. It had previously raised 53 million euros in 2018 and 20 million in 2017.

Conquer new countries

With these new funds, Kry wishes to accelerate the deployment of its remote consultation applications in Europe in order to become a leader in the sector. It already offers its offer in 30 countries, including France where it operates under the name “Livi”. The platform was also launched in the United States in 2020 under the name “Livi Connect”.

Thanks to this series D fundraising, he also wants to develop his team, currently made up of 600 people, and explore avenues for acquisitions and strategic partnerships.

3 million patients

Kry was created in 2015 by Johannes Schildt, Josefin Landgård, Fredrik Jung Abbou and Joachim Hedenius. Three million patients and 300 doctors are currently using this solution. The amount of this fundraising testifies to the dynamism of the e-health sector, which was largely driven by the Covid-19 pandemic.

Health techs now hope that this trend will continue. For Johannes Schildt, co-founder and CEO of Kry requested by CNBC, European public policies are moving in this direction. French legislation, for example, relaxed the conditions for access to teleconsultation during the first pandemic wave.

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