What You Ought to Know
- The Deal: Solace Health has raised a $130M Collection C led by IVP with participation from Menlo Ventures, SignalFire, propelling the corporate to a valuation of over $1 billion. This “unicorn” standing displays a large guess that healthcare advocacy is changing into important infrastructure.
- The Mission: Solace acts as a “human layer” on high of the fragmented healthcare system. It connects sufferers with over 2,000 skilled advocates (usually nurses) to handle logistics, appointments, and insurance coverage hurdles—companies that 20,000 sufferers now use month-to-month.
- The Origin: The corporate was based after CEO Jeremy Gurewitz watched his mom—an achieved radiologist—battle to navigate her personal pancreatic most cancers prognosis. The belief was stark: if a health care provider can’t navigate the system, the system is damaged for everybody.
The “Physician Who Couldn’t Navigate”
The origin story of Solace cuts to the guts of the issue. Gurewitz based the corporate with CPO Sara Sargent in 2022 after a private disaster. His mom, a radiologist with a long time of medical experience, discovered herself unable to navigate her personal pancreatic most cancers prognosis.
It uncovered a terrifying fact: medical literacy isn’t sufficient. The friction of the executive system is so excessive that even insiders get caught. Solace was constructed to shut that hole. It creates a devoted position—the Healthcare Advocate—to intervene between prognosis and therapy.
Traction/Market Footprint
Immediately, Solace serves greater than 20,000 sufferers month-to-month by its HIPAA-compliant platform, connecting them with knowledgeable advocates by way of textual content, telephone, and video. With 10x year-over-year development and IVP’s backing, the corporate is poised to scale its mannequin nationwide and shorten time-to-diagnosis, scale back avoidable hospitalizations, and materially enhance affected person outcomes.
“The healthcare system has normalized leaving sufferers to determine issues out themselves of their weak moments,” mentioned Jeremy Gurewitz, CEO and co-founder of Solace. “That failure is expensive, harmful, and preventable.”
