Leaf AI secures £250k from SFC Capital to develop conversational artificial intelligence for social care
The pre-seed round was led by SFC Capital and will be used to enhance the company conversational capabilities.
Leaf AI operates under the brand name Lola Cares to build digital assistants for the adult social care sector. The company develops conversational artificial intelligence designed to tackle loneliness and streamline administrative tasks for carers.
Leaf AI, operating as Lola Cares, has secured £250k in pre-seed funding from SFC Capital to advance its digital assistant technology for the social care sector. The capital will be deployed to improve the conversational artificial intelligence capabilities of its platform, which helps mitigate loneliness and social isolation among individuals receiving care.
The health tech enterprise focuses on supporting adults dealing with dementia, autism, and acquired brain injuries while simultaneously reducing administrative burdens for carers. The investment marks the company's first external funding milestone as it attempts to address resource constraints within an overstretched care industry.
From the founder
"Social isolation and loneliness are a big challenge for society. 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"
Adam Galloway
CEO at Leaf AI
Investor perspective
"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"
Ed Stevenson
Principal, SFC Capital
Use of funds
- 01Continue product development