Layla raises funds from BDC and SOFII to develop personalized mental health services

Layla raises funds from BDC and SOFII to develop personalized mental health services

TORONTO, October 6, 2022 /CNW/ – Laylaa human-centred, technology-based mental health service, receives funding from BDC Capital Growth and Transition Capital and Government of from Canada Southern Ontario Innovation Investment Fund (SOFII)through the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), offered by Community Futures Eastern Ontario (CFEO), allowing it to expand its service offerings and expand across Canada.

Layla care is committed to making mental health care more humane, hopeful and personalized.

Driven by the mission of empowering Canadians to take control of their mental health, Layla helps clients find the right therapist or program for them through a warm and trustworthy process rooted in personalization and inclusion. Since its inception in 2019, the company has guided thousands of Canadians on their journey to better mental health and facilitated over 50,000 therapy sessions. Layla’s range of mental health services today includes individual therapy facilitation, couples counselling, group programs, and professional mental health assessment and treatment services.

Layla Founder and CEO, Samer Abukhanam shared, “From the beginning of our journey, we have been committed to making mental health care more humane, hopeful and personalized. With the support of BDC and SOFII, we will increase our presence and invest in the development of programs and platforms. In an area where demand exceeds clinical capacity, we strive to promote early intervention and collaborative care so Canadians of today and tomorrow can lead healthier lives. »

The investment takes the form of non-dilutive financing suitable for high-growth companies. It follows a smaller initial investment provided by BDC to Layla in 2021. The process was led by Wet KyleDirector of Growth and Transition Capital at BDC Capital in Torontoand Michelle CathersSOFII program manager at Community Futures Eastern Ontario.

“Layla’s passionate and diverse team brings together unique strengths that allow them to rapidly scale the business and do so with great patient outcomes,” said Feucht. “BDC Capital is pleased to continue to support Layla and the important mental health services she provides.”

“Our government remains committed to investing in small and medium-sized businesses in rural and urban communities from coast to coast. Through the Southern Ontario Innovation Investment Fund (SOFII) loan program, companies like Layla can get the financing and tools they need to grow and succeed,” says the Honorable Filomena Tassi, minister responsible for the Federal Economic Development Agency for Southern Ontario.

With a team of over 30 employees and a community of over 150 therapists, Layla currently operates in Ontario, alberta and British Columbia with plans to expand into other provinces and territories. Going forward, the team plans to continue to grow its community of therapists with a geographic expansion strategy to serve more regions in Canada. Layla makes a public effort to normalize groups and bridge the gap in high-needs areas such as eating disorders and dialectical behavior therapy, while continuing to learn about different client populations and their needs. Layla continues to partner with various actors in the Canadian healthcare system and communities to improve access to services, quality of care and early intervention.

About Layla

Layla’s mission is to empower people to take control of their mental health. We use patient-centered innovation to understand and fill gaps in the ever-changing realities of mental health. Layla’s range of mental health services today includes individual therapy facilitation, couples counselling, group programs, and professional mental health assessment and treatment services. Learn more about www.layla.care

About BDC Capital

BDC Capital is the investment arm of BDC, the bank for Canadian entrepreneurs. With over $3 billion under management, BDC Capital serves as a strategic partner to the country’s most innovative companies. It offers businesses a full range of capital, from seed investment to growth capital, supporting Canadian entrepreneurs who have the ambition to stand out on the world stage. Visit www.bdc.ca/capital

About SOFI

The Southern Ontario Innovation Investment Fund (SOFII) loan program supports the expansion of innovative, high-growth small and medium-sized enterprises (SMEs) in rural and urban communities by providing $150,000 at $500,000 (additional funding available on an exceptional basis). SOFII offers interest-bearing business loans to foster innovation and growth for small and medium-sized enterprises (SMEs) in the region.

launched by the government of Canada in July 2012SOFII is supported by FedDev Ontario and is offered by Community Futures Eastern Ontario and Community Futures Western Ontario.

About FedDev Ontario

For 13 years, the government of Canadathrough FedDev Ontario, worked to advance and diversify the southern Ontario the economy through financing opportunities and business services that support innovation, growth and job creation in from Canada most populated region. The Agency has achieved impressive results, which can be seen in the south Ontario companies that create innovative technologies, improve productivity, increase incomes, create jobs and contribute to the economic advancement of communities in the region. Learn more about the Agency’s impacts in the south Ontario exploring our pivotal projectsour Spotlight on Southern Ontarioand FedDev Ontario Twitter, Facebook, instagram and LinkedIn.

THE SOURCE Layla care

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