AlayaCare, a Montreal, Canada-based global home and community care software company, raised $225m CAD Series D funding round.
The round was led by Generation Investment Management LLP with participation from Klass Capital and incumbent investors Inovia Capital, CDPQ, and Investissement Québec.
The company intends to use the funds to continue global expansion, hire additional staff and further invest in innovation capabilities to build a more complete post-acute offering in addition to products that help solve labour market issues around employee shortages and churn.
Founded in 2014 by Adrian Schauer, CEO, AlayaCare offers an end-to end software platform for home and community care providers to manage the entire client lifecycle from referrals and intake to billing, payroll and beyond combining traditional in-home and virtual care solutions. AlayaCare is the parent company of Procura, Arrow, CIMS, and AcuteNet.
Today, more than 500 home and community care organizations around the world use its software to improve operational efficiencies. Since its launch, AlayaCare has expanded its operations in the US, Canada, and Australia and now employs nearly 500 staff with aims to hire an additional 300+ employees over the coming years.