BDC Capital invests $2.4 mln in growth of WellnessLiving
WellnessLiving, a Richmond Hill, Ontario-based software provider for health and wellness businesses, has secured $2.4 million from BDC Capital. Founded in 2012 by CEO Len Fridman and COO Sasha Davids, WellnessLiving's platform features tools and mobile apps to help spas, salons, fitness and yoga studios attract, engage and retain clients. Its users currently total more than 5.2 million. The funds raised will be used to accelerate product development, which includes implementing artificial intelligence and machine learning, and hire new staff. BDC invested through its Growth and Transition Capital group, which was recapitalized last year with $1.8 billion in fresh funding.
10 October 2018•3 mins read
