MultiCare Health System was among the investors in a round that took the telehealthcare provider's overall funding past the $50m mark.
US-based remote healthcare provider Solv has closed a $27m series B-plus round featuring medical care provider MultiCare Health System.
The round was led by venture capital firm Acrew Capital and also featured investment management firm Light Street Capital and VC firms Benchmark and Greylock Partners.
Solv markets an online platform that enables patients to arrange same-day video consultations with doctors. Patients can use the company’s payment tool to reimburse costs directly through their health insurer and can also meet a doctor in person for urgent medical cases.
Customers have booked some 700,000 appointments through the platform since March this year, compared to 9,000 for the whole of 2019, a trend indicative of the growth of telemedicine-based services during the covid-19 pandemic.
The series B-plus cash will go to expanding Solv’s healthcare provision network in the United States to cover areas such as mental health and women’s health. Theresia Gouw, founding partner of Acrew Capital, has joined its board of directors.
The company raised $16.8m in a mid-2018 series B round led by Greylock that included Benchmark and Aspect Ventures. It had already closed a $6.3m series A round led by Benchmark Capital in 2017 with backing from Ensemble Labs and Aspect Ventures.