Solv Raises $45M in Series C Funding to Accelerate Growth of its National Network of Providers, Leading the Way for Consumer-Driven and Digital-First Healthcare
New funding, led by Acrew Capital and Corner Ventures, will expand access to high-quality, convenient, and transparent healthcare to more Americans
Solv, a national network of healthcare providers making same-day and next-day healthcare accessible to anyone, announced the close of its $45 Million Series C funding round led by Acrew Capital and Corner Ventures. Other participants include prior investors Greylock Partners and Benchmark Capital. The funding will support the company’s expansion of its national network of healthcare providers, consumer-driven healthcare offerings like same-day in person appointments and virtual care, and increased cost transparency for patients.
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“At Solv, we see an opportunity to push the industry towards a more digital, consumer-focused, and accessible reality,” said Solv CEO and co-founder, Heather Fernandez. “Just as the financial crisis changed consumer expectations and drove innovation in fintech, we are seeing the same trends in healthcare because of the COVID-19 pandemic. By placing patients front and center, both sides of the healthcare system benefit, and we can move the industry closer to the future we are working to build.”
Today, 1 in 16 Americans have used Solv to schedule care, making same-day appointments with just a few taps of a phone, reducing their in-office wait-time by filling out digital forms pre-appointment, and texting with their provider. Over 100 million Americans live within five miles of a same-day appointment with Solv.
“While I’ve known Heather and many members of the Solv team from their time at Trulia, I continue to be amazed by their vision and growth since we initially invested in Solv in early 2016,” said Theresia Gouw, Founding Partner of Acrew Capital and Solv board member. “Over the past year-and-a-half, Solv has accelerated during the pandemic helping millions of Americans navigate the healthcare system especially regarding access to rapid COVID testing and virtual care. Solv’s technology and speed of execution addresses critical needs in healthcare during a time of new and evolving consumer demand.”
Solv also announced the establishment of its Industry Advisory Board, which will work closely with the Solv leadership team and Board of Directors to guide the company through future growth. The three founding Advisory Board members are: Alexandra Morehouse, Chief Marketing Officer of Banner Health, Florence Chang, Executive Vice President & Chief Operating Officer of MultiCare Health System, and Regina Benjamin, M.D., MBA, former U.S. Surgeon General.
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