Money Losing, Short Term Rental Platform Sonder Gets Saved by Gores SPAC
Posted on 04/30/2021
San Francisco-based Sonder Holdings Inc. (Sonder) officially launched in 2014 and was co-founded by Francis Davidson, Chief Executive Officer, and Martin Picard, Global Head of Real Estate. Sonder is a hospitality company focused at short-term rentals. Sonder currently operates more than 300 properties across 35 markets in eight countries. Sonder works directly with real estate developers and property owners to lease, manage and operate spaces, providing guests with exceptionally designed accommodations at affordable prices on a nightly, weekly or monthly basis. Sonder is dependent on landlords to manage and maintain properties and maybe unable to negotiate attractive rates with new properties. Sonder’s leases are also subject to early termination.
Digital health start-up Kry raises €262m to expand in Europe
Kry CEO Johannes Schildt. Image: Kry
The bumper funding round will be invested in product development and market expansion as demand for virtual health services soars.
Kry, the Swedish health tech start-up, has raised €262m as it prepares an expansion across Europe.
The company provides digital healthcare services, including video consultations with doctors, and has seen demand grow massively in the last year.
The Series D round was led by CPP Investments and Fidelity Management & Research with participation from Index Ventures, Accel, Creandum, Project A and Ontario Teachers’ Pension Plan. The company is now valued at $2bn.
Kry closes $312M Series D after use of its telehealth tools grows 100% yoy yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
Stockholm’s digital healthcare provider Kry raises €262 million in Series D round
April 27th, 2021.
Stockholm-based digital healthcare provider Kry, a.k.a. Livi in the UK and France has raised €262 million in a Series D round.
The funding is expected to fuel continued expansion and growth plans.
“Kry is a significant and successful player in Europe’s digital healthcare market and this investment is a strong fit with our innovations in healthcare strategy,” comments CPP Managing Director Leon Pedersen.
Founded in 2015, Kry has helped over three million individuals access healthcare. The company saw a 100% year-over-year growth rate in 2020.
“This investment will help us empower patients to make active choices about their health in partnership with thousands of public and private healthcare professionals in Europe,” adds CEO and co-founder Johannes Schildt.
Kry Secures Over US$300m Investment to Accelerate European Expansion Plans
Digital healthcare company Kry, operating as Livi in the UK and France, today announced a funding round of over US$300m (€262m) to fuel its European expansion plans.
The Series D funding round was led by CPP Investments (CPPIB) and Fidelity Management Research LLC with participation from existing investors, including the Ontario Teachers Pension Plan (Ontario Teachers ), Index Ventures, Accel, Creandum and Project A.
Kry will use the investment to scale its platform, building on both its operations as a healthcare provider and its innovative software offerings as well as further geographic expansion. This will bring the benefits of its technology to millions more patients across Europe.