- Companies
- AlayaCare
AlayaCare Funding, Investors & Competitors
AlayaCare has raised $282M across 7 funding rounds, most recently a $184M Series D in June 2021.
Last AlayaCare funding round
$184M
Series D · Jun 2021
Cumulative funding AlayaCare raised
$282M
across 7 funding rounds
Key investors in AlayaCare
Inovia Capital
Investissement Quebec
La Caisse
Fonds Innovexport
Klass Capital
Hedgewood
Generation Investment Management
Desjardins-Innovatech
About AlayaCare
AlayaCare is a Montréal-headquartered provider of end-to-end home health care software and hardware platforms launched in 2014. The system supports telehealth, scheduling, billing, and EVV for agencies in Canada, the United States, and Australia. AlayaCare serves over 200 organizations, integrating with payers like Medicaid for cost-efficient care delivery.
Founded
2014
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
AlayaCare Funding History
AlayaCare has raised a total of $282M across 7 funding rounds.
AlayaCare's first fundraising round was a $2M seed round in January 2015. The most recent completed round was a $184M Series D in June 2021.
AlayaCare funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Jun 2021 | Series D | Generation Investment Management (lead); La Caisse; Klass Capital; Inovia Capital; Investissement Quebec | $184M | AlayaCare is a global provider of cloud-based home and community care software, offering tools for scheduling, billing, remote patient monitoring, visit verification, and mobile applications to manage the full client lifecycle for care organizations. The company announced a $225 million CAD ($185 million USD, reported as $182.8M in some sources) Series D funding round on approximately June 22-23, 2021, led by Generation Investment Management with participation from Inovia Capital, Investissement Québec, CDPQ (La Caisse), and Klass Capital. This round aimed to fuel global expansion, particularly in the US where it saw 7x growth in the prior 24 months, hire additional staff (targeting 300+ more to add to nearly 500 employees), and invest in R&D for machine learning, post-acute offerings, and solutions to labor shortages and churn. By mid-2021, AlayaCare had scaled substantially, powering over one billion patient visits worldwide and experiencing double-digit growth across the US, Canada, and Australia. The funding supported its mission to enable efficient, data-driven home care for better patient outcomes and lower costs, positioning it as a leader in transforming the home healthcare sector from periodic visits to outcome-based services with technology like remote monitoring. Prior rounds included Series C extensions totaling nearly $100M in 2019-2020, bringing cumulative equity raised to around $118M pre-Series D, with later developments like a $50M growth capital facility from CIBC in an unspecified recent date and additional unattributed rounds in 2022 and 2024. |
| Jan 2020 | Series C | La Caisse (lead); Inovia Capital; Desjardins-Innovatech; Investissement Quebec; Fonds Innovexport | $37M | - |
| Jul 2019 | Series C | Inovia Capital (lead); La Caisse; Investissement Quebec | $39M | AlayaCare is a Montreal-based home healthcare software company founded in 2014, providing a cloud-based platform that integrates back-office functions, client and family portals, remote patient monitoring, telehealth, mobile caregiver tools, scheduling, billing, and AI-powered predictive models to improve care outcomes, caregiver efficiency, and organizational costs in the shift to technology-enabled home care. In July 2019, AlayaCare announced a Series C funding round totaling $51 million CAD ($33 million in new equity plus $18 million in secondary stock purchases from early investors), led by Inovia Capital with participation from Caisse de dépôt et placement du Québec (CDPQ, or La Caisse) and Investissement Québec. The growth capital was intended to enhance research and development, optimize the platform for broader client needs, scale operations, and support the transition from legacy software amid rising demand for cloud-based home care solutions. Inovia Capital, having invested earlier in AlayaCare's seed and Series A stages, highlighted the company's exceptional progress and potential to transform home healthcare delivery. CEO Adrian Schauer emphasized the frenetic evolution of the home care market toward tech-enabled models to keep patients at home. This 2019 Series C was followed by a $47.9 million CAD ($37 million USD) extension in January 2020 with the same core investors plus others, bringing 2019-2020 primary capital to about $78 million USD and enabling an M&A strategy, including acquisitions like Procura. AlayaCare continued raising funds, reaching a Series D of $225 million CAD in 2021 led by Generation Investment Management for global expansion, particularly in the U.S., where it powers over 500 agencies and one billion patient visits. |
| Aug 2018 | Series B | Inovia Capital (lead); Chrysalis Ventures; Fonds Innovexport | $14M | AlayaCare raised $13.8 million in its Series B funding round on August 7, 2018, led by Inovia Capital, with participation from Chrysalis Ventures and existing investor Fonds Innovexport. The cloud-based platform supports home and community care providers with features including scheduling, time reporting, clinical documentation, remote patient monitoring, telehealth, billing, and mobile apps for care workers, clients, and families. The funding aimed to accelerate product roadmap, invest in AI and machine learning, expand operations in the US, Canada, and Australia, and help clients lower costs while improving patient outcomes and reducing hospital readmissions. At the time, AlayaCare had achieved double-digit monthly growth since launch and ranked No. 18 on the 2018 Startup 50 list with two-year revenue growth of 1014 percent. The company, founded in 2014, employed over 100 staff and focused on transforming home-based care for aging populations through integrated technology solutions. |
| Sep 2017 | Seed | Fonds Innovexport (lead) | $2M | AlayaCare, a Toronto-based provider of cloud-based software for home and community care providers, raised $2.4 million from Fonds Innovexport around September 2017. This round followed a $750,000 investment from FedDev Ontario in July 2017, intended for commercialization. The platform supports scheduling, time reporting, clinical documentation, remote patient monitoring, and mobile/web apps for family members, patients, and care workers. Fonds Innovexport participated again in the subsequent $13.8 million Series B round in August 2018, led by Inovia Capital with Chrysalis, to expand in the US market and enhance technology including AI and machine learning. |
| Nov 2015 | Seed | Hedgewood (lead) | $4M | - |
| Jan 2015 | Seed | Klass Capital (lead) | $2M | AlayaCare is a cloud-based home and community care software platform founded in 2014 that enables care providers to manage the entire client lifecycle from referrals and intake to billing and payroll. In 2015, Klass Capital led a $2.4 million financing round for the Montreal-based company. AlayaCare has since grown substantially, and by its Series D round in 2020 was valued in the high nine-figures, powered more than one billion patient visits globally, and expanded significantly in the United States market. |
Who has invested in AlayaCare?
9 investors have backed AlayaCare across its funding rounds, including Inovia Capital, Investissement Quebec, La Caisse, Fonds Innovexport, Klass Capital and Hedgewood.
Lead investors include Generation Investment Management, La Caisse, Inovia Capital, Fonds Innovexport, Hedgewood and 1 other investor.
AlayaCare Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 4 | Lead | Aug 2018 | ||
| 3 | Lead | Jul 2019 | ||
| 3 | Participant | Jul 2019 | ||
| 3 | Lead | Sep 2017 | ||
| 2 | Lead | Jan 2015 | ||
| 1 | Lead | Nov 2015 | ||
| 1 | Participant | Aug 2018 | ||
This data is available for Pro users. Sign up to see all 9 AlayaCare investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions by AlayaCare
AlayaCare has acquired 5 companies to date.
Last acquisition by AlayaCare was on October 27th 2025. AlayaCare acquired Nightingale for undisclosed valuation.
Latest Acquisitions by AlayaCare
| Description | Nightingale is a Melbourne-based software platform for Australian community care services. The system streamlines rostering, client record management, NDIS compliance reporting, and billing for home care agencies and disability support organizations. Adopted by providers in New South Wales, Victoria, and Queensland, it facilitates shift scheduling for carers, real-time progress notes, and outcome tracking under the National Disability Insurance Scheme. The platform integrates with government portals for claims submission and supports mobile access for field staff. | Delta Health Technologies is a provider of clinical and operational software for home health, hospice, and private duty agencies across the United States. The company supplies electronic visit verification, billing, scheduling, and compliance tools designed to streamline workflows and regulatory reporting. | Arrow Solutions is a software provider for home health agencies headquartered in Raleigh, North Carolina. The company delivers PointCare, a comprehensive platform that automates scheduling, billing, payroll, EVV compliance, and HHA management. Serving over 300 agencies nationwide, it integrates with Medicare systems and offers mobile apps for caregivers. Arrow Solutions customizes modules for specific workflows, including telehealth and QA tools, enabling agencies to reduce administrative burdens and meet regulatory standards like OASIS requirements. | Procura is a Victoria-headquartered provider of software solutions for post-acute care organizations including home health, hospice, private duty, community care, and aged care across the United States, Canada, and Australia. Its platforms serve more than 30,000 users at over 2,300 customer locations, supporting 229,000 caregivers who deliver services to 1.55 million individuals daily while managing 45,000 residential beds. Key clients encompass four of Canada's five largest national care providers, Kaiser Permanente, and Interim HealthCare in the United States. Procura ranks among the top vendors for aged, disability, community, and home care in Canada and Australia, with additional offices in Chicago, Boca Raton, Sydney, Melbourne, and Brisbane. | |
| HQ Country | |||||
| HQ City | Melbourne | Altoona, PA | - | Victoria | |
| Deal Date | 27 Oct 2025 | 1 Nov 2021 | 7 Feb 2020 | 3 Jan 2020 | |
| Valuation | undisclosed | $19M | undisclosed | $40M | |
| EV/Revenue | |||||
| EV/EBITDA | |||||
This data is available for Pro users. Sign up to see all AlayaCare acquisitions and their M&A valuation multiples. Start Free Trial | |||||
AlayaCare Competitors
AlayaCare competitors include listed companies like Guiyang Longmaster and Medley Inc., and private ones like Doctolib, Cityblock Health, Grow Therapy and eMed.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $400M | - | $6.4B | 16.0x | ||
| Private | - | - | $5.7B | - | ||
| Private | $1B | - | $3B | - | ||
| Private | - | - | $2B | - | ||
| Publicly listed | $44M | $5M | $482M | - | ||
| Publicly listed | $236M | $32M | $459M | 1.8x |
AlayaCare Public Comps
AlayaCare is still privately-owned, but its public comps include IQVIA, Veeva, IDEXX Laboratories, Roper Technologies, GE HealthCare, ICON plc, Pro Medicus, United Imaging, Max Healthcare Institute and Oscar Health.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $16B | $3.4B | 3.6x | 3.4x | 17.2x | 14.8x | |||
| $3.2B | $965M | 11.1x | 10.2x | 36.9x | 22.4x | |||
| $4.3B | $1.5B | 9.5x | 8.9x | 27.1x | 24.9x | |||
| $7.9B | $3.2B | 6.1x | 5.7x | 15.2x | 14.6x | |||
| $21B | $3.7B | 1.8x | 1.8x | 10.1x | 10.0x | |||
| $8.3B | $816M | 1.9x | 1.9x | 19.2x | 11.3x | |||
| $186M | $147M | 66.6x | 62.7x | 84.4x | 77.6x | |||
| $2.1B | $367M | 5.5x | 4.8x | 30.7x | 26.9x | |||
This data is available for Pro users. Sign up to see all AlayaCare competitors and their valuation data. Start Free Trial | ||||||||
Common questions about AlayaCare
| When was AlayaCare founded? | AlayaCare was founded in 2014. |
| Where is AlayaCare headquartered? | AlayaCare is headquartered in Montreal, Canada. |
| Is AlayaCare publicly listed? | No, AlayaCare is a private, VC-backed company. |
| How much funding has AlayaCare raised? | AlayaCare has raised $282M across 7 funding rounds. |
| What was AlayaCare's last funding round? | AlayaCare's last funding round was a $184M Series D in June 2021, led by Generation Investment Management. |
| Who are AlayaCare's investors? | AlayaCare's investors include Inovia Capital, La Caisse, Investissement Quebec, Fonds Innovexport, Klass Capital, Hedgewood, Chrysalis Ventures, Desjardins-Innovatech and Generation Investment Management. |
| Which companies are comparable to AlayaCare? | Companies comparable to AlayaCare include Doctolib, Cityblock Health, Grow Therapy, eMed, Guiyang Longmaster and Medley Inc.. |
| How many companies has AlayaCare acquired? | AlayaCare has acquired 5 companies, including Nightingale, Delta Health Technologies, Arrow Solutions, Procura and Canesto Systems. |
| What was the largest acquisition by AlayaCare? | The $40M acquisition of Procura in January 2020 is the largest acquisition AlayaCare has made to date. |
See companies similar to AlayaCare
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.




