| Founded | 2014 |
|---|---|
| Closed | 2022 |
| Country | Sweden |
| Sector | Healthtech |
| Total raised | £560M (SoftBank Vision Fund 2, Accel, Project A, 2014–2021) |
| Collapse type | Mass Layoff Spiral |
| Founder | Johannes Schildt |
Kry / Livi
"Europe's most funded digital health company raised £560M to build a pan-European virtual GP—then laid off 400 people as the post-COVID telehealth contraction exposed its burn rate."
Cascading layoffs that accelerated the decline
Key Events Timeline
Kry was founded in Stockholm in 2014 (operating as Livi in France and the UK) as a digital GP service offering video consultations with doctors.
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