SEK 23m · Other round · AI · Stockholm, Sweden
Stockholm-based Solace Care has raised SEK 23m in a pre-seed round (announced by the company as €2.1m), led by Spintop Ventures. Plug and Play, Further Than Capital, Wave Ventures and a group of Nordic insurance executives and technology investors also participated, according to Solace Care's announcement. The capital will support enterprise sales, deeper Nordic carrier and broker partnerships, entry into the Netherlands and the UK, and senior product and commercial hires.
Insurance distribution turns support into a service
Solace Care sells through life insurers and brokers rather than asking bereaved families to discover and buy a standalone tool at the point of need. Before a loss, policyholders can record wishes, collect documents and share instructions in a digital vault. After a death, the platform guides relatives through practical administration institution by institution, with human support alongside the software. Swedish insurance publication Sak & Liv reports that the service also supports tasks such as wills and future powers of attorney.
That distribution model can give Solace Care reach without acquiring every household directly: one carrier or broker agreement can place the product in front of a large insured population. It also concentrates execution risk. Enterprise insurance sales involve procurement, compliance and integration work, while a successful launch can add thousands of covered lives at once. The company says it grew from its first policyholders in mid-2025 to more than 25,000 covered lives across Sweden, Finland and Norway, with partners rather than consumer marketing driving the expansion.
Building value before a claim
The product's commercial proposition depends on making life insurance useful before a payout. Legacy planning gives policyholders an immediate reason to engage, while post-loss guidance extends the carrier's role beyond transferring money. If insurers see that combination improve customer experience and product differentiation, Solace Care can become part of the policy rather than an optional bereavement add-on. The funding will test whether that proposition travels across markets whose legal processes, institutions and insurance distribution differ.
Solace Care was founded in January 2025 by Valtteri Korkiakoski and Josef Karakoca, who previously helped build digital-health company Mindler. Korkiakoski is a medical doctor who founded mental-health monitoring startup Medified, acquired by Mindler in 2022; Karakoca was Mindler's vice-president of engineering. The mix of software experience and insurer relationships is relevant because the company must build both a sensitive consumer workflow and a repeatable enterprise channel.
