Kry, a Swedish digital healthcare provider, recently announced its new funding round of $66 million. This investment allows the company to further its mission of bringing much-needed access to healthcare. This funding is significant considering that Kry has already established itself as the leading European digital health provider and stands to impact the future of healthcare in Europe and internationally in the coming years.
This article will explore how Kry’s latest funding will affect the future of healthcare and how it could dramatically shape patient care. It will look at how some aspects of healthcare in Europe have already been revolutionised because of Kry’s technology, and consider what other changes may come from their new financial resources. In addition, it will delve into the projects that Kry is currently working on to improve patient access to medical care and how this could benefit those without easy access or who must wait long periods just to get access to basic care. Finally, we will examine how other parts of the world are beginning to embrace digital health solutions similar to what Kry offers and why this technology could help address global healthcare needs.
Kry closes $312M Series D after use of its telehealth tools grows 100% yoy
The digital health provider Kry recently closed a $312 million Series D funding round to help sustain its rapid growth. The company, founded in 2017, has experienced a surge of interest in its telehealth tools over the past year, with usage jumping 100% year-on-year. Now, Kry hopes to use this funding to further expand its telehealth platform and its customer services.
In this article, we’ll look into the implications of this increased funding for the healthcare industry.
Overview of Kry’s services
Kry is a European digital health platform based in Stockholm, Sweden. Founded in 2015, the company offers various products and services to improve access to quality healthcare. Its app enables users to contact a doctor, secure a prompt appointment and even receive prescription medicines when needed. Kry also provides customers with online video consultations with physicians and access to advised lifestyle advice and support through its associated blog. In addition, Kry offers subscription plans that provide medical advice on demand and enable customers to buy medicine or arrange laboratory tests or referrals without needing a clinic visit.
Kry has recently secured funds from its investors which will help it expand its operations further around Europe. Already operational in Sweden, Norway and Finland – Kry plans to roll out services across the UK in 2021. The money also increases their scope of growth beyond Europe into countries like Canada and Australia looking forward to making healthcare accessible in more ways than one from an institutional level down at each level too by aiming at specific types of diseases such as cancer.
This means that real-time quality healthcare services are now readily available irrespective of geographical coordinates – thanks largely to the foundation laid down by startups like Kry who prioritise investments into making optimal healthcare provision accessible for all individuals across different walks of life regardless of their financial standing within society; making it far less challenging for people living with chronic illnesses like cancer to access necessary medical care when needed.
Overview of Kry’s recent funding
Kry, Europe’s leading digital healthcare provider, recently secured $66 million in Series C funding. The round came from existing investors Atomico, Creandum and Accel, and Visionnaire Ventures, making it Europe’s largest healthcare technology funding.
The funding is an endorsement of the success achieved by Kry since it first launched in 2017. Since then, Kry has provided telemedicine services to more than 3 million people across Sweden, Norway, Denmark and Germany. It was estimated that around 30 million euro had already been invested into the company before this new funding round.
The new round will be used to roll out Kry’s service to millions of more people across additional European countries. Moreover it will also help increase staffing levels and enable the company to enter strategic partnerships with other healthcare providers and insurance companies.
This influx of funds will likely change the European healthcare system through easy access to telemedicine services without geography being a constraint. With a focus on convenience and affordability, such services will make a difference in improving healthcare quality in all corners of the continent.
Impact of Kry’s Funding
Kry, a leading tech-driven healthcare provider, recently closed a $312M Series D. This latest funding round comes at a time when their telehealth tools have seen a 100% year-over-year growth in usage.
This funding could greatly impact the healthcare industry, and we will explore the potential implications of this success in this article.
Increased access to healthcare
Kry’s recent funding can potentially create positive change in the healthcare industry. With more access to remote healthcare and telemedicine, people living in rural areas can now receive timely medical care. This will reduce long wait times for medical appointments and enable medical personnel to receive immediate feedback about treatments or prescriptions for their patients.
Kry’s technology can also help bridge the gap between providers and improve communication between primary care physicians and specialists. Patients’ information can be easily shared via an app-based platform, enabling them to access it anytime, anywhere. Furthermore, Kry can eliminate the need for physical visits altogether; this could help alleviate some cost burdens associated with in-person visits. Access to remote healthcare also means that people from all corners can seek medical help without worrying about traditional obstacles such as time or location constraints.
Finally, with its flexible pricing model, Kry has made healthcare more affordable by allowing customers to pay as much as they can afford per month – a great solution for those without health insurance coverage or limited financial resources.
Ultimately, Kry’s innovative approach is helping drive positive changes in the healthcare industry, resulting in better outcomes for all involved parties.
Increased competition in the healthcare industry
Kry, the Swedish out-of-hospital healthcare provider, recently announced that it raised over $66 million in fresh capital funding that will be used to expand its services. With this influx of new funds, Kry can further develop its digital healthcare platform and expand geographically — making its primary care services accessible to medically underserved areas. In addition, this additional capital enables Kry to invest in innovative digital technologies and partner with existing players in the healthcare industry.
This increased investment into digital healthcare services from both public and private sectors indicates that competition in the healthcare industry is intensifying. As a result, more providers are given opportunities to challenge traditional health systems for consumer share by offering convenient, cost-effective primary care services closer to patients’ homes. This increased competition could have several long-term impacts on the healthcare industry.
Firstly, it could reduce market power concentrated within a few players by increasing industry fragmentation and allowing more alternative providers, such as mobile health (mHealth) services, access to resources they previously may have been deprived of due to competition from larger multinationals. Secondly, traditionally slow innovations in the sector could be accelerated as players increasingly compete against each other through rapid advancements such as artificial intelligence and advanced telemedicine systems. Thirdly, consumers could expect greater access points and an improved customer experience overall due to more advanced technology being adopted throughout the sector — ultimately leading to higher levels of patient satisfaction across Europe’s health markets.
Improved quality of healthcare services
With the recent funding of Kry, an artificial intelligence-powered healthcare platform, their mission of making quality healthcare available to everyone becomes more plausible. The investments will help expand Kry’s development and clinical support teams, allowing them to further develop an AI-powered platform that gives people of all ages access to high-quality health services. By reaching out to more people and giving them access to the latest technologies, Kry has enabled easy access to quality health care.
Kry’s investment enables the company to accelerate its product development and reach a wider audience. It also releases greater potential for research activities in AI-driven healthcare, including new treatments and technologies that improve patient outcomes. Apart from providing quality healthcare services and knowledgebase in their home countries, additional funding is expected to increase their global presence and allow them to access more data from other countries, which can be used for advanced learning algorithms for better patient outcomes.
Moreover, the investment is providing strong support and backing for startups such as Kry, disrupting traditional health care approaches by introducing technology that allows remote patient monitoring, providing early diagnoses, or helping detect diseases long before they become less treatable. This approach not only provides greater convenience but also ensures a hassle free connection between patients and doctors.
tags = Kry, closes $312M, telehealth tools, Swedish digital health startup, telehealth service, 262m cpp investmentslomastechcrunch, software tools, connect clinicians with patients, Canadian Pension Plan
