Solace Care Raises €2.1M for End-of-Life Planning

In a significant move to address the evolving needs of an aging European population, Stockholm-based Solace Care has successfully closed its pre-seed funding round, securing €2.1 million. This substantial capital injection, the largest pre-seed round to date for a European end-of-life platform, is earmarked for strategic expansion into the Netherlands and the United Kingdom, alongside bolstering its product development and commercial teams. The company aims to redefine the traditional approach to life insurance by integrating comprehensive support services beyond mere financial payouts.

The funding round was spearheaded by Spintop Ventures, with active participation from Plug and Play. A notable contingent of influential industry figures also joined the investment, including Caroline Farberger (former CEO of ICA Försäkring), Fredrik Solberg (former CEO of Eir Insurance), Emil Lagerstedt-Karlsson (former VP Insurance & Insurtech at Insurely), Tomi Yli-Kyyny (former CEO of Fennia), and Stefan Moritz (former Head of Innovation at Max Matthiessen). Additional support came from Further Than Capital, Mattias Miksche, Krim Talia, and Wave Ventures, underscoring strong confidence in Solace Care's vision.

Solace Care's innovative platform addresses a critical gap in the market: the often-overlooked practical and emotional support required by families following a death. "Today, insurance pays out and then the family is on their own for the next six months," explained Valtteri Korkiakoski, CEO and co-founder of Solace Care. "We are redefining personal insurance, so the support is not only a payment. It should help the family keep going." The platform empowers policyholders to organize their affairs and wishes while living, creating a shared digital vault for beneficiaries. Post-loss, it guides families through administrative processes with integrated human support.

This funding arrives at a time of heightened investor interest in insurtech and digital health solutions across Europe. Recent adjacent funding rounds, such as Festina Finance's €25 million for life insurance modernization, mea Platform's €42.2 million, Ominimo's €20.1 million, and Oska Health's €11 million for its digital care model, highlight the sector's dynamism. In a different vertical, pet insurtech Lassie's €63.2 million raise further illustrates the appetite for innovative insurance models.

The strategic importance of Solace Care's offering is amplified by Europe's demographic shift. With a rapidly aging populace, the demand for comprehensive end-of-life services is set to surge. "Life insurance has been sold on the same promise for decades," noted Erik Wenngren, Partner at Spintop Ventures. "Solace Care changes what the product actually delivers to a family, both before and after a loss. That is rare in this industry, and the team has the operating history to execute it." The company, founded in 2025 by Korkiakoski and Josef Karakoca, previously scaled the digital healthcare firm Mindler.

Solace Care has demonstrated impressive traction since its inception, growing from zero to over 25,000 covered lives across Sweden, Finland, and Norway in just over a year. This rapid adoption is attributed to strategic partnerships with insurers and brokers who recognize the enhanced value proposition. The fresh capital will facilitate deeper engagement with existing Nordic partners, establish a commercial presence in the Netherlands and the UK, and recruit key talent in product and commercial operations. The company is also expanding its service availability to Denmark.