Solace Care Raises $2.45M for End-of-Life Platform

Life insurance can settle the financial claim without settling the work waiting for a family. Solace Care is betting that insurers can extend their value past the payout, turning legacy planning and post-loss administration into part of the service rather than a problem relatives inherit alone.

The Stockholm company has raised a €2.1M Pre-Seed round, approximately $2.45M at the European Central Bank's August 25, 2026 reference rate. Spintop Ventures led the financing, with Plug and Play, Further Than Capital, Wave Ventures, and a group of Nordic insurance executives and angels participating.

Solace Care's platform sits on both sides of a life-insurance claim. Before a death, policyholders can organize wishes, documents, and instructions for their families. After a loss, Solace Care guides relatives through the practical and emotional work of closing accounts and handling institutions. The round matters because the company must now prove that this support can survive insurer procurement and work across different European legal systems.

What Solace Care Raised

The official announcement was published on August 25, 2026. The €2.1M round converts to roughly $2.45M using the ECB's same-day reference rate of €1 to $1.1662. The native euro amount remains the company's disclosed transaction value, while the dollar figure provides the standardized comparison used in this article.

Spintop Ventures led the round. Plug and Play, Further Than Capital, and Wave Ventures participated alongside Caroline Farberger, Fredrik Solberg, Emil Lagerstedt-Karlsson, Tomi Yli-Kyyny, Stefan Moritz, Mattias Miksche, and Krim Talia. Several of those individuals have led or worked inside Nordic insurance businesses, giving Solace Care access to operating context as well as capital.

Solace Care says it will use the money to deepen partnerships with Nordic insurers and brokers, enter the Netherlands and the UK, and add senior hires in product and commercial operations. The company did not disclose a valuation, a reliable total-funding figure, or detailed economics for the current partnerships.

The Product Begins Where the Payout Ends

Solace Care was founded in January 2025 by Valtteri Korkiakoski, founder and CEO, and Josef Karakoca, founder and CTO. Korkiakoski is a medical doctor who founded the mental-health monitoring company Medified before its sale to Mindler in 2022. Karakoca previously served as VP of Engineering at Mindler. Their shared history matters because Solace Care must combine sensitive human support with secure software and enterprise distribution.

Before a loss, policyholders can use Solace Care to record their wishes, gather documents, and leave instructions in a vault shared with family. After a loss, the platform creates a guided process for dealing with banks, insurers, pension providers, tax authorities, subscriptions, digital accounts, and other institutions. Human support sits alongside the software, which is important in a category where an automated answer can be efficient and still feel completely wrong for the moment.

The company describes its product as AI-driven and says it has completed ISO 27001 certification. Those claims come from Solace Care's own materials. The company has not publicly detailed its model architecture, full technology stack, or the carrier-specific security reviews it has completed, so the more defensible point is narrower: the team is building digital workflows around a fragmented administrative process and selling them through institutions families already trust.

Why the Distribution Model Matters

Solace Care reports that it moved from its first policyholders in mid-2025 to more than 25,000 covered lives across Sweden, Finland, and Norway. The number is company-reported rather than independently audited, but it reveals the leverage in the model. A direct-to-consumer planning app must acquire one person at a time. An insurer or broker can place the service in front of thousands of policyholders when a partnership launches.

That leverage comes with a cost. Enterprise insurance sales move through procurement, security review, legal scrutiny, integration work, and long implementation cycles. A product can win executive interest and still wait months for the first live policyholder. Expansion also requires Solace Care to adapt practical guidance to different legal systems, public registries, institutions, languages, and cultural expectations around death.

The investor composition appears designed for that problem. Spintop brings early-stage software experience. Plug and Play offers an insurance network. Former carrier executives can help the company understand how insurers evaluate products, manage trust, and buy from young vendors. None of that guarantees distribution, but it reduces the odds that Solace Care treats a conservative market like a consumer-app launch with nicer compliance slides.

The Market Is Large and Unforgiving

Eurostat's 2026 demographic publication reported that 99M people in the EU were 65 or older in 2025, representing 22% of the population. Eurostat also recorded 4.81M deaths in the EU in 2024. Those figures do not prove demand for one particular product, but they show why the practical work surrounding death is not a niche event.

The insurance market is also moving deeper into digital service delivery. EIOPA's work on insurance digitalization describes meaningful opportunities for new platforms and AI while emphasizing privacy, security, consumer protection, and the limits of excessive automation. Solace Care operates directly inside that tension: families need fewer administrative dead ends, but they also need judgment, empathy, and confidence that sensitive information is being handled correctly.

The company's strongest early signal is not simply that it found 25,000 people. It is that insurers and brokers appear willing to put Solace Care inside a customer relationship built to last for decades. The harder proof comes next. The company must show that policyholders use the planning tools, families value the post-loss support, carriers renew and expand partnerships, and the product survives the legal and operational differences between countries.

What the Round Changes

The $2.45M-equivalent financing gives Solace Care time to build enterprise sales capability, localize the product, and hire the people required to move from Nordic traction into larger European markets. It also raises the standard. A company selling support around death cannot learn trust by breaking it in public.

Solace Care is not trying to replace life insurance or compete with the payout. It is trying to extend what the promise means after the money arrives. If the team can make that service work across carriers and countries, the category may shift from a benefit paid at death to a relationship that helps families prepare, navigate, and recover. The capital does not prove that outcome. It funds the slow work required to earn it.