Solv, the medical appointment-booking app based in San Francisco, has raised $16.8m in Series B funding led by Greylock Partners, with participation from investors Benchmark and Aspect Ventures. As part of the round, Greylock’s James Slavet and Benchmark’s Bill Gurley will join the company’s board of directors.
Solv’s service is designed specifically for urgent care appointments. With a few taps on their phone, patients can find urgent care providers based on location and symptoms, and choose an appointment time that best fits their needs. In the last six months, over 1.5 million urgent care visits have been made through the platform.
In a blog post confirming the funding round, co-founder and CEO Heather Fernandez also announced the launch of a new feature, Solv Pay, which will allow consumers to make payments through their phones rather than wait months for a bill.
“Solv is putting patients in front of a provider who can treat their symptoms in as little as 15 minutes. The benefit this provides consumers is real. We’ve already given approximately 5.1 years back to consumers who typically spend two hours between booking an appointment and getting their issue resolved.”
Greylock Partners’ James Slavet also published a blog post hailing its investment in Solv, in which he wrote:
“Solv’s focus on designing a product that meets the needs of both patients and providers is proving out. In less than a year, Solv has already become the #1 online destination for patients seeking same-day care. More than 1.5 million patients have seen a provider through the Solv platform and consumers have saved more than $36 million using Solv to book convenient care visits online instead of visiting an emergency room. Urgent care clinics who are partnered with Solv have increased their online bookings by as much as 60%.
“We are excited to join Heather, Daniele and the Solv team on their journey to elevate the delivery of on-demand health care for both patients and providers.”
Solv raised $6.25m from Benchmark Capital and other investors in April 2017. Along with this funding round, this brings the company’s total amount raised to more than $23m.