Healthtech Startup Solv Raises $45 mln in Series C Funding

Solv, a San Francisco-based healthtech startup, has raised $45 million in a Series C funding round co-led by Acrew Capital and Corner Ventures.

Prior investors also participated in this funding round, including Greylock Partners and Benchmark Capital. Theresia Gouw, a Founding Partner of Acrew Capital and new Member of the Board of Directors at Solv, referred to the firm’s participation in the round by stating:

“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. 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 will use this investment to expand its nationwide provider network and develop healthcare services for its users, including virtual care, face-to-face appointments, etc, to continue connecting patients with a national network of convenient healthcare providers and simplify users’ daily healthcare needs.

The startup’s platform was developed to allow providers to improve service quality and support the patients to book same-day appointments at a reasonable price, taking advantage of the increasing adoption of digital solutions. Solv CEO and Co-Founder, Heather Fernandez referred to the company’s vision by stating:

“At Solv, we see an opportunity to push the industry towards a more digital, consumer-focused, and accessible reality. 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, an increasing number of Americans use the platform developed by the healthtech startup to schedule care and book day-to-day appointments with just a few taps on their phones to fill out pre-appointment digital forms and contact with suppliers which has resulted in saving considerable time waiting at their offices, improving patient care.