Haleo Secures CAD$5.2M Seed-Extension Financing

CANADA – Haleo, a Montreal, Canada-based provider of a professional virtual sleep clinic, raised $5.2M in Seed-Extension funding.

The round was led by Boreal Ventures and AQC Capital with participation from Investissement Québec, Desjardins Capital, Real Ventures, MEDTEQ+ and Anges Québec, members of the Anges Québec network and other notable angel investors.

The company intends to use the funds to accelerate its research and development for new solutions across treatment modalities such as digital therapeutics, and across underserved clinical fields including shift work, nightmares, sleep optimization and sleep medication management.

Led by CEO Bradley Smith, Haleo provides a professional virtual sleep clinic that uses evidence-based techniques, such as cognitive behavioural therapy and image rehearsal therapy. It enables licensed therapists to provide care to patients using its proprietary, clinically proven treatment protocols delivered through its mobile application. The company recently launched a new solution for shift workers (SW-CBTi) experiencing insomnia. This protocol is designed and clinically proven to be effective for first responders, manufacturers, transporters, front-line healthcare professionals and other shift workers. 05/07/2022