A HealthTech startup tackling loneliness & isolation has raised £250,000 in its first round of funding.
Liverpool-based Lola Cares said SFC Capital led the round, which will allow it to enhance the care experience in an overstretched social care sector.
Recently the World Health Organisation declared that the health risks of loneliness can be as harmful as smoking 15 cigarettes a day.
“Social isolation and loneliness are a big challenge for society,” said Adam Galloway, CEO of Leaf AI Ltd, which operates under the brand name Lola Cares. “Our digital companion, Lola, aims to increase confidence, improve wellbeing, and connect those in care with their loved ones and carers in unique and wonderful ways.
“We are giving that person a tool to help them build stronger and more varied social connections with those around them.”
The funding is set to enhance Lola’s conversational AI capabilities and broaden its impact in the care sector. The company aims to address the dual challenges of resource constraints and social isolation, which many in care face daily.
In future, the team hopes to explore automated therapeutic interventions such as reminiscence therapy and reality orientation for dementia, and similar interventions for autism, anxiety and acquired brain injuries.
Ed Stevenson, investment executive at SFC Capital, added: “We believe in the transformative potential of Lola Cares. Their innovative approach to social care and commitment to tackling both operational and social challenges in the sector align with our mission to invest in companies making a real difference.
“We are excited to see the impact they will make.”
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