HALEO Digital Sleep Clinic Acquires $5.2 Million in Seed-Extension Funding

HALEO, a world-renowned skilled digital sleep clinic, in the present day introduced it has closed a CAD $5.2 million (US $4.04M) Seed-Extension financing spherical to speed up enterprise development throughout the USA and Canada. Boreal Ventures and AQC Capital led the spherical, together with investments from Investissement Québec, Desjardins Capital, Actual Ventures and the Pan-Canadian Consortium MEDTEQ+ (with assist from the Authorities of Canada). Members of the Anges Québec community and different notable angel buyers additionally participated within the spherical.

HALEO is knowledgeable digital care resolution for sleep that makes use of evidence-based methods, equivalent to cognitive behavioural remedy and picture rehearsal remedy. Licensed therapists present care to sufferers utilizing HALEO’s proprietary, clinically confirmed therapy protocols delivered by its state-of-the-art cellular software. The answer not solely adjustments individuals’s lives by serving to them return to wholesome sleep and by lowering signs of psychological sickness, it additionally considerably reduces the absence administration, incapacity, security, and prescription remedy prices assumed by the employer. Many employers describe HALEO as a extremely efficient bodily and psychological well being resolution that carries not one of the taboos typically related to office help packages.

This seed-funding extension will gas HALEO’s analysis and improvement for brand spanking new options throughout therapy modalities equivalent to digital therapeutics, and throughout underserved medical fields together with shift work, nightmares, sleep optimization and sleep remedy administration. HALEO not too long ago launched a brand new resolution for shift staff (SW-CBTi) experiencing insomnia. This protocol is designed and clinically confirmed to be efficient for first responders, producers, transporters, front-line healthcare professionals and different shift staff.

Bradley Smith, HALEO’s Founder and CEO, stated that the corporate has been targeted on delivering excellent look after sleep at scale because it was based in 2015. “Everybody’s sleep is totally different, and so are the organizational cultures of the purchasers we serve. We personalize care and systematically assess the effectiveness of our interventions for every affected person. We additionally customise our communication and reporting instruments for our prospects to maximise worker engagement,” added Smith.

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Kalthoum Bouacida, accomplice at AQC Capital, says “the worldwide Sleep Aids market is large, but not one of the present options successfully resolve the issue of poor sleep on the inhabitants stage. HALEO’s digital sleep clinic meets this problem head-on. I’m actually excited to see HALEO treating tens of millions of sufferers.”

David Charbonneau, managing accomplice at Boreal Ventures, added “what units HALEO aside is how its resolution integrates skilled medical experience in sleep right into a digital platform. The result’s a seamless medical expertise delivering excessive engagement, sturdy adherence to therapy and really happy prospects. HALEO is a uncommon kind of well being profit: a clinically confirmed resolution that has demonstrated the power to scale to the purpose that it considerably and measurably reduces a company’s prices and dangers.”

For Julien Ponce, Chairperson of HALEO’s Board of Administrators, HALEO is addressing an necessary market want. “Entrance-line well being care staff and first responders are in larger demand than ever earlier than. These elements together with two years of a worldwide pandemic, monetary uncertainty, and common stress and psychological well being all contribute to the rise of sleep problems. The rise of poor sleep hinders productiveness, retention, and security, which provides prices and dangers to employers,” stated Ponce.

Q&A with extra specifics about this fundraise and the HALEO mission.

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