Solv Health raised $27 million in funding to expand its national health care scheduling network for its consumer-focused health care app that connects individuals to a network of health care provider organizations across the United States. The app provides access to same-day physician visits, virtual visits, chat-based health care, and testing for coronavirus disease 2019 (COVID-19) across all 50 states. The company will use the capital to rapidly expand its network of convenient health care locations, and to expand its specialty areas to include primary care, mental health, and women’s health.
The funding round (Series B+) was led by Acrew Capital with participation from MultiCare Health System, Light Street Capital as well as previous investors Benchmark and Greylock Partners. As part of the raise, Theresia Gouw from Acrew Capital, joins Bill Gurley (Benchmark), James Slavet (Greylock) and Solv co-founders Heather Fernandez & Daniele Farendi on the Board of Directors. MultiCare will now serve as a strategic investor and MultiCare executive vice president and chief operating officer Florence Chang will be joining Solv’s industry advisory board. Beth Frensilli is joining the team as Solv’s chief legal officer. Rob Rohatsch, M.D., has been appointed as Solv’s first chief medical officer.
The raise builds upon Solv’s recent growth which includes:
- New features in the Solv app to help users discover local COVID-19 testing sites through its network of urgent care clinics. As a result, more than 2 million COVID-19 tests have been booked through Solv.
- A nearly six-fold, year-over-year increase in Solv app and website traffic from consumers: 6.3 million visitors in October 2020 compared to 1.1 million visitors in October 2019.
- New partnerships with local and state governments, including the State of Michigan and City of Seattle, to increase COVID-19 testing access using online scheduling, digital registration and waitlist queuing.
This was reported by Solv Health on November 12, 2020.
Contact information: Solv Health, 75 Broadway, San Francisco, California 94111; Website: https://www.solvhealth.com/