Solace Care, the Stockholm-based end-of-life platform, has closed a €2.1m pre-seed round, marking what it claims to be the largest pre-seed raise to date by a European end-of-life platform.
The round was led by Spintop Ventures, with participation from Plug and Play, the global InsurTech investor whose network spans major carriers.
A group of senior Nordic insurance figures also invested personally, among them Caroline Farberger, former chief executive of ICA Försäkring; Fredrik Solberg, former chief executive of Eir Insurance and a former senior finance leader at Zurich Insurance; Emil Lagerstedt-Karlsson, formerly VP Insurance & Insurtech at Insurely; Tomi Yli-Kyyny, former chief executive of Fennia; and Stefan Moritz, former Head of Innovation at Max Matthiessen. Further Than Capital, Mattias Miksche, Krim Talia and Wave Ventures also backed the round.
Solace Care has scaled from its first policyholders in mid-2025 to more than 25,000 covered lives across Sweden, Finland and Norway within a year, growth the founders attribute to insurance and broker partners introducing the product to their customer bases rather than direct marketing. The platform currently operates in Swedish, Finnish and Norwegian, with plans to expand into Denmark and the Netherlands.
The fresh capital will go towards building out enterprise sales, deepening partnerships with existing Nordic carriers and brokers, entering the Netherlands and UK markets, where local commercial advisors have already been appointed, and adding senior hires across product and commercial operations.
Solace Care gives life insurance policyholders a way to record their wishes, gather important documents and leave instructions in a shared vault before death, extending cover from the individual to the relatives who must later manage their affairs. Following a bereavement, families are guided step by step through the administrative process, combining the platform with hands-on human support.
The company was founded in January 2025 by Valtteri Korkiakoski and Josef Karakoca, a Finnish-Swedish pair who previously helped build Mindler, one of Sweden’s fastest-growing digital healthcare businesses. Korkiakoski, a medical doctor, had earlier founded mental health monitoring app Medified before its sale to Mindler in 2022, while Karakoca served as Mindler’s VP of Engineering. Solace Care is headquartered at Founders House in Stockholm and now operates across Sweden, Finland, Norway, Denmark and the Netherlands.
Solace Care CEO and co-founder Valtteri Korkiakoski said, “Today, insurance pays out and then the family is on their own for the next six months. We are redefining personal insurance, so the support is not only a payment. It should help the family keep going.”
Solace Care CTO and co-founder Josef Karakoca said, “A product that does nothing for you until you die is a tough sell to a healthy 35-year-old. Put planning and support around it and the same policy suddenly does something for the family right now, not just after loss. That’s the value we’re building”
Spintop Ventures partner Erik Wenngren said, “Life insurance has been sold on the same promise for decades. 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.”
Copyright © 2026 FinTech Global
