AlayaCare raises $51mm CAD Series C

AlayaCare, a Montreal-based startup which provides cloud-based software for home care providers, recently announced a $51mm CAD investment from Inovia Capital, Caisse de dépôt et placement du Québec (CDPQ), and Investissement Québec. $33mm bought new equity in the company while $18mm was used to buy early investors.

AlayaCare’s overriding mission is to bring the homecare industry from its fee-for-service model to one that is tech-enabled and delivers the ultimate experience for both caregivers and patients alike. Its SaaS platform helps care agencies manage all operations and aspects of their business easily and efficiently. AlayaCare’s tech integration solutions save precious time for practitioners by automating clerical tasks.

“Homecare is evolving at a frenetic pace, and the market is clearly shifting to a technology-enabled delivery model”

- ​Adrian Schauer, AlayaCare CEO.

AlayaCare launched back in 2014 and currently has over 200 employees. They have taken their platform to homecare providers in Dubai, the United States, and Australia. In addition, last year AlayaCare won the prestigious 18th spot on the 2018 Startup Top 50 ranking of Canada’s Top New Growth Companies.

As legacy software solutions become outdated, AlayaCare is now poised to support even more customers through its market-leading cloud-based platform. This latest investment will be used for R&D and to continue to optimize and scale its SaaS caregiving tools worldwide.