AlayaCare Raises CDN$33M in Growth Funding

Inovia Capital, Caisse de dépôt et placement du Québec (CDPQ) and Investissement Québec have invested $51m, buying $33m in new equity from AlayaCare plus $18m of stock from early investors. The company intends to use the funds to focus on research and development to optimize its technology. Led by CEO Adrian Schauer, AlayaCare provides home and community care agencies with a cloud-based SaaS platform to manage all aspects of their business and operations, via real-time remote monitoring, task-management and billing and communications tools. Founded in 2014, the company now has over 200 employees and has earned $50+ million in growth capital since its launch in 2014.