Swedish death-tech startup Solace Care raises 23 million SEK in pre-seed round

Solace Care, a Swedish tech company focused on simplifying estate administration after a death, has raised 23 million Swedish kronor (approximately 2.1 million euros) in a pre-seed funding round. The round values the company at around 110 million kronor. The funding was led by Spintop Ventures, with participation from Plug and Play and several executives from the insurance industry.

The company was founded by Valtteri Korkiakoski and Josef Karakoca, who previously co-founded the mental health app Mindler. Solace Care does not sell estate inventories directly but instead partners with insurance companies to offer practical assistance following a death, such as handling life insurance payouts. The service has grown rapidly, reaching over 25,000 connected users across Sweden, Finland, and Norway since last summer.

The funds will be used to expand operations, secure additional Nordic partnerships, and launch services in the Netherlands and the United Kingdom. The company’s valuation is not tied to its user base but rather to its insurance partners, who act as leverage—and potential bottlenecks—due to the lengthy process of finalizing such agreements.

According to Sweden’s Central Bureau of Statistics (SCB), 92,200 people died in Sweden in 2025. Each death triggers the creation of an estate, which must be reported to the Swedish Tax Agency within four months. While families can handle the process themselves at no cost, hiring legal assistance can be expensive. For example, Lavendla charges a starting fee of 8,995 kronor, while Familjens Jurist bills 2,195 kronor per hour for estate administration, with costs deducted from the estate itself.

Based on Lavendla’s entry-level pricing, the estimated annual cost of estate administration for 92,200 deaths exceeds 800 million kronor. However, this figure represents an upper limit, as many families manage the process independently, and estates with limited assets may qualify for a simplified death estate notification instead. The market is expected to grow as the large cohort of people born in the 1940s reaches advanced ages.

Dagens PS reported the funding round.