Kry profitable on country-level basis

Sifted reports that Swedish healthcare company Kry/Livi is now profitable on a country-level, i.e. before HQ and technology development costs. The EBITDA result for 2023 seems to have been ca -€30 million, an improvement of 70 %.

Like Klarna, Kry says that they’ve been able to drive efficiency using generative AI and shortened administrative time spent around visits with 30 %.

Author: Henrik Torstensson

Partner at Alliance VC. Investing in Nordic early-stage tech startups.

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