Total amount raised
$112.3 Millions
Latest funding date
01/01/2025
Location
Solera Health has successfully raised funds through multiple rounds, with the latest being a Series E round closed on January 14, 2025. The company has secured $40 million to expand access to digital healthcare.
Solera Health's platform connects members to curated health solutions through a value-based digital approach. Keep reading to explore the intricacies of Solera Health's fundraising journey and the investors backing this innovative platform.
What Is Solera Health?
Solera Health, founded by Brenda Schmidt in 2015, is headquartered in Phoenix, Arizona. The company operates in the healthcare, hospital, SaaS, and wellness industries, employing between 101 and 250 people.
Solera Health connects individuals to a variety of health solutions through a value-based digital platform. The company focuses on preventive care, linking patients, payers, and physicians with non-clinical healthcare providers to ensure timely access to appropriate health technologies.
Solera's proprietary platform matches members to health programs tailored to their specific needs, covering areas such as weight management, diabetes prevention, hypertension, mental health, musculoskeletal issues, tobacco cessation, women's health, and digestive health.
How Much Funding Has Solera Health Raised?
- Series A (Nov 3, 2015)
- Amount Raised: $3M
- Date: November 2015
- Lead Investors: Sandbox Industries, The Blue Venture Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish the company's initial operations and develop its digital health platform.
- Series A (Jun 17, 2016)
- Amount Raised: $4M
- Date: June 2016
- Lead Investors: Sandbox Industries
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's capabilities and increase market reach.
- Series A (Jan 4, 2017)
- Amount Raised: $5M
- Date: January 2017
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the platform and enhance service offerings.
- Series B (Jul 12, 2017)
- Amount Raised: $18.3M
- Date: July 2017
- Lead Investors: Adams Street Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and expand the customer base.
- Series C (May 15, 2019)
- Amount Raised: $42M
- Date: May 2019
- Lead Investors: HCSC Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance the platform's technology and expand into new markets.
- Series D (Mar 1, 2022)
- Amount Raised: Not publicly disclosed
- Date: March 2022
- Lead Investors: Walgreens Boots Alliance
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To form strategic partnerships and enhance service delivery.
- Series E (Jan 14, 2025)
- Amount Raised: $40M
- Date: January 2025
- Lead Investors: Health Care Service Corporation, Adams Street Partners, Cobalt Ventures, Horizon Mutual Holdings
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand access to digital healthcare and develop the Solera HALO Cloud.
Total Amount Raised: $112.3M
Current Valuation: Not publicly disclosed
Key Investors
- Health Care Service Corporation (HCSC)
- Details: HCSC is an insurance company serving over 23 million individuals nationwide. It focuses on expanding access to quality, affordable healthcare.
- Investment Focus Areas: Healthcare services, healthcare technologies, digital health solutions.
- Notable Investments: Not publicly disclosed.
- Adams Street Partners
- Details: Adams Street Partners is a global private markets investment manager. They provide investment management services to institutional investors.
- Investment Focus Areas: Private equity, venture capital, growth equity.
- Notable Investments: Not publicly disclosed.
- Cobalt Ventures
- Details: Cobalt Ventures is a venture capital firm that invests in innovative healthcare companies. They aim to improve healthcare delivery and outcomes.
- Investment Focus Areas: Healthcare technology, digital health, value-based care.
- Notable Investments: Not publicly disclosed.
- Horizon Mutual Holdings
- Details: Horizon Mutual Holdings is an investment firm focused on healthcare and insurance sectors. They support companies that enhance healthcare access and affordability.
- Investment Focus Areas: Healthcare, insurance, digital health.
- Notable Investments: Not publicly disclosed.
- Walgreens Boots Alliance
- Details: Walgreens Boots Alliance is a global leader in retail and wholesale pharmacy. They operate in over 25 countries and serve millions of customers daily.
- Investment Focus Areas: Retail pharmacy, healthcare services, digital health.
- Notable Investments: Not publicly disclosed.
What's Next for Solera Health?
Solera Health stands at the cusp of significant growth, driven by the expansion of its HALO platform and the development of the Solera HALO Cloud. These initiatives aim to integrate a wide array of digital health applications, providing a unified solution that reduces healthcare costs and improves clinical outcomes. The $40 million Series E funding round underscores the vast potential of these opportunities, particularly with strategic partnerships and a large potential user base.
Future fundraising efforts are likely as Solera continues to enhance its platform and expand its market reach. The focus on value-based digital healthcare solutions aligns with industry trends, positioning Solera for continued investment. However, challenges such as integrating diverse digital health applications and maintaining quality while scaling up remain. Navigating these hurdles will be crucial for Solera's sustained success.
Use Clay to Get Funding Data
Sales professionals, leverage Clay's platform to access comprehensive fundraising data on companies like Solera Health and gather other critical business insights.
Sign up for free to start transforming your sales strategy today.
