Market Overview

AlayaCare raises $13.8 million in Series B Funding Led by inovia capital


AlayaCare, the leading cloud-based software for home and community care
providers, announced today a Series B investment of $13.8 million led by inovia
Chrysalis is joining the round, and existing investors,
including Fonds Innovexport, are participating in the financing.

The financing will be used to fund AlayaCare's continued expansion with
a focus on the US market, and further investment in its proprietary
technology platform. inovia capital Principal Magaly Charbonneau
will join AlayaCare's board of directors.

"We're passionate about helping our clients deliver better patient
outcomes and this funding means we can accelerate through our roadmap
and evolve our product more rapidly," said Adrian Schauer, CEO,
AlayaCare. "Continuing to invest in AI, machine learning capabilities
and optimization science is a priority as our increasingly robust
platform means clients can lower their operating costs while improving
their ability to provide care, detect adverse effects and help reduce
hospital readmissions."

"We share Adrian and AlayaCare's vision to fundamentally improve the way
home and community care services are provided by better leveraging
technology," said Charbonneau. "AlayaCare gives its clients the ability
to make more informed, data-driven decisions, and its understanding of
the marketplace, paired with deep client relationships, will drive
continued growth and success."

"We partner with leading entrepreneurs to build great businesses and
believe Adrian and his team have the talent and sector knowledge to be a
major player in homecare in the US as well as expand its client base
internationally," said Wright Steenrod, Partner, Chrysalis.

"We recognized early on that AlayaCare had all the right ingredients to
become a leader in the home and community care sector," said Serge
Lavergne, Vice-President at Fonds Innovexport. "The team has exceeded
all of our expectations and thus we are delighted to be further
extending our support to this outstanding company."

AlayaCare helps its clients capitalize on the shift to home-based care
for the growing population of older adults in several markets globally.
Home health organizations look to AlayaCare to help create capacity
within their organization, and its platform provides key business
insights that clients can use to increase efficiencies and better deploy
resources. The software suite includes scheduling, time reporting,
clinical documentation, remote patient monitoring and mobile, billing,
and web apps specifically for patients, family members, and care workers.

Since its launch, AlayaCare has experienced double-digit monthly growth,
expanded its operations in the US, Canada, and Australia and now employs
over a 100+ staff.

About AlayaCare

AlayaCare's unique platform includes Back Office, Client and Family
Portals, Remote Patient Monitoring, Telehealth, and Mobile Care Worker
functionality in one integrated and highly robust and secure cloud-based
system. AlayaCare is providing the platform for Home Health Care
organizations to propel their agencies towards innovation and home care
of the future. AlayaCare was founded in 2014.

About inovia capital

inovia is a full-stack venture capital firm that partners with
audacious founders to build enduring technology companies. We seek to
transform venture capital by perfecting the craft of investing in people
first. We roll up our sleeves to serve founders with dedicated
mentorship, a global talent network and structured strategies for
hyper-growth. Together, we rewrite the rules of old industries, push
technology frontiers and pursue bold visions for a better future. inovia
manages $500M across three funds, and holds offices
in Montreal, Toronto, San Francisco, and London. For more information,

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