What does Solace do?
Solace is a Redwood City–based digital health platform that connects patients with expert healthcare advocates. The platform improves access to healthcare advice by linking patients with a network of professionals across all 50 U.S. states, and it operates with coverage from Medicare as well as major Medicare Advantage insurers including Aetna, Blue Cross Blue Shield, Cigna, Humana, and UnitedHealthcare.
How much did they raise?
The company successfully closed a $60M Series B funding round led by Menlo Ventures. The round also saw participation from current backers Craft Ventures, Inspired Capital, and Torch Capital, along with new investor SignalFire, marking a significant milestone in its fundraising efforts.
What are their plans for the money?
With the new capital, Solace aims to accelerate the development of its platform, enhancing both patient and advocate experiences. The funding will be used to scale its national network of healthcare advocates, potentially expanding access and improving the coordination of insurance-covered healthcare advocacy.
What have they achieved so far?
Solace has already made significant strides by establishing a nationwide network that spans all 50 states and is integrated with key healthcare insurance providers. Its strong partnerships and innovative digital approach have set the foundation for further growth and expansion in the healthcare sector.
