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KRY, the digital healthcare provider announced a $66M Series B funding round from international venture capital firm Index Ventures with participation from existing investors Accel, Creandum, and Project A.
KRY currently accounts for over 3% of all primary care doctor visits in Sweden and has over 300 clinicians working in the service. In March 2018 KRY launched an online psychology service and is now the largest provider of CBT-treatments in Sweden. KRY was founded in Sweden, the European country currently spearheading the development of digital healthcare, allowing digital healthcare providers to be part of the publicly funded healthcare system.
How KRY works
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KRY allows patients to have a video consultation with a KRY-employed healthcare professional via their mobile phone or tablet, rather than a physical appointment.
Patients can download the KRY app - available on iOS and Android - and select a suitable time for a video-based doctor’s appointment. Prior to the appointment, the patient describes their symptoms in writing, uploads relevant pictures, and responds to symptom-specific questions. At the scheduled time, the doctor calls the patient through the app to start the video consultation. During the video call, patients may receive prescriptions for medication, advice, referral to a specialist, or lab or home tests with a follow-up appointment. Prescribed medication and home tests can then be delivered straight to the patient’s home within two hours.
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