Solace: Transforming Healthcare Navigation with Menlo Ventures' Series B Investment
Deal News | Apr 03, 2025 | Menlo Ventures
Menlo Ventures has announced its lead investment in the Series B funding round for Solace, a pioneering company committed to revolutionizing healthcare navigation in the United States. Solace acts as a marketplace connecting certified healthcare advocates with Medicare patients, aiming to enhance access to healthcare services and empower patients overwhelmed by the complexities of the U.S. healthcare system. This investment underscores Solace's scalable solution to national healthcare challenges and the firm's alignment with Menlo Ventures' investment ethos of improving healthcare outcomes while reducing costs. Solace's platform is designed to meet the burgeoning demand for healthcare navigation services, facilitating better access to care and anticipating long-term transformative effects on patient outcomes and system efficiency. Founded by Jeremy Gurewitz and Sara Sargent, Solace integrates personal healthcare experiences with robust technological solutions to address critical gaps in patient care, positioning itself as a leader in healthcare advocacy while reflecting the successful metrics of other high-growth marketplaces.
Sectors
- Healthcare Services
- Technology
- Private Equity
Geography
- United States – Solace is focused on the U.S. healthcare market, addressing challenges specific to American patients, particularly those on Medicare.
Industry
- Healthcare Services – Solace operates as a healthcare marketplace providing navigation services to patients, especially those on Medicare, by connecting them with healthcare advocates.
- Technology – Solace leverages data and technological platforms to enhance the scalability and efficiency of healthcare navigation services.
- Private Equity – The investment by Menlo Ventures represents a significant move within the private equity sector, focusing on transformative healthcare solutions.
Financials
- Series B – Funding round led by Menlo Ventures to support Solace's growth and expansion in healthcare navigation.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Solace | Target Company | Company | A marketplace platform that connects Medicare patients with healthcare advocates to navigate healthcare complexities. |
| Menlo Ventures | Private Equity Investor | Company | A leading venture capital firm investing in innovative solutions like Solace to improve healthcare access and outcomes in the U.S. |
| Jeremy Gurewitz | Co-Founder | Person | Co-founder of Solace, inspired by personal experiences to create solutions in healthcare navigation. |
| Sara Sargent | Co-Founder | Person | Co-founder of Solace, bringing expertise to the development of healthcare navigation services. |