KRY, a Stockholm, Sweden-based video-based healthcare provider, raised €6.1m in seed funding.
The round was led by Index Ventures and Creandum with participation from Project A Ventures. In conjunction with the investment, Fredrik Cassel from Creandum, Index Ventures’ Ben Holmes, and Thies Sander from Project A will join KRY’s board.
The company will use the funds for international expansion (with entry into new markets to be announced over coming months).
Founded in 2014 by Johannes Schildt, Fredrik Jung-Abbou, Josefin Landgård, and Joachim Hedenius, KRY is a digital health startup that connects patients with healthcare professionals for consultations via video via their mobile phone, tablet or browser. Once a patient has picked an appointment and described their symptoms within the app, they are then connected via video link with a trained doctor for a 15-minute medical consultation. During this, the doctor diagnoses the patient and delivers advice for concerns that do not require physical examinations or samples, such as rashes, eczema, and fevers. Once the video appointment has finished the medical professional can, if necessary, print off a prescription or refer the patient to a specialist.
KRY’s 15-minute video conferences cost 299 Swedish Krona per session (£27/$35).
Since launch in 2015, over 30,000 Swedish patients have used the platform to receive medical advice.