Solv, a US-based online platform enabling patients to access healthcare services, including emergency care, the same day, has secured US$ 45 million in a Series C funding round co-led by Acrew Capital and Corner Ventures on 2 September 2021.

Investors: The latest funding round featured Acrew Capital and Corner Ventures as the lead investor with participation from existing investors, namely Greylock and Benchmark. The startup has managed to raise approximately US$ 95 million, in total, to date.

Purpose of the funding: The startup seeks to deploy the proceeds from the investment round towards stimulating the expansion of its digital platform. 

About Solv

Solv Logo

Brought to existence in 2016 by Heather Fernandez and Daniele Farnedi, Solv offers patients access to a system of nationwide healthcare suppliers, supporting users to facilitate their daily healthcare requirements. Solv’s solution enhances the suppliers’ service quality, patient interaction, and performance. At the same time, it provides doctor’s appointments on the same day with an option of face-to-face or virtual meetings to the consumers. In addition, it offers increased cost transparency. The company claims that it has catered to every 1 in 16 Americans. With Solv, more than 100 million Americans reside within five miles of a same-day consultation. The startup has declared the formulation of its Industry Advisory Board, which will intimately operate with the Board of Directors and Solv leadership team to offer direction for tomorrow’s startup growth.

What the Founder has to say: “We see a chance to make the healthcare domain digitally advanced, focusing explicitly on consumers and accessibility of healthcare. Similar to the modifications experienced by the fintech industry due to an alteration in consumer anticipation, we expect the same trends to be witnessed by the healthcare industry due to the advent of the pandemic. Concentrating on patient experience benefits both parties of the healthcare network. It helps us in bringing the future of healthcare industry towards which we work.”- Heather Fernandez, CEO and Co-Founder of Solv.

What the Investor has to say: “Although I am acquainted with the Solv founding team along with other members for a long time, their vision and growth persists to impress me since our first investment in Solv. Solv has undergone fast-paced growth in the last 18 months, aiding numerous Americans steer the healthcare system during the pandemic particularly availability to fast COVID testing and virtual aid.”- Theresia Gouw, Founding Partner of Acrew Capital and Solv Board Member.

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Sankalp majorly focuses on writing newsletters on VCBay. He is pursuing Bachelors in Economics from the University of Delhi and exhibits proficiency in content writing and research.

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