Online healthcare platform Alayacare raises $225 million


Montreal tech company says it will hire more than 300 in the “coming years”

Montreal healthcare technology platform Alayacare has $225 million more dollars at its disposal after raising a significant round of funding.

The sizable series D funding was led by Generation Investment Management LLP with participation from Klass Capital, Inovia Capital, The CDPQ, and Investissement Québec.

Led by CEO Adrian Schauer, AlayaCare offers a cloud-based home care software platform, where healthcare professionals can videochat with patients, and more.

The company says it will use the funding to continue global expansion, hire additional staff and further invest in innovation.

“Employee shortages and retention continues to be one of the biggest headaches for all home health providers. AlayaCare is uniquely positioned to help tackle common pain points related to scheduling challenges and balancing patient and caregiver preferences,” said Adrian Schauer, AlayaCare’s CEO.

“We fundamentally believe that treating people in the home is key to building a sustainable health system that provides better outcomes at lower cost,” said Dave Easton, a partner at Generation Investment Management. “AlayaCare provides a win-win for both patients and providers by meeting the strongly growing demand for care at home with a more modern, efficient, data-driven and easy-to-use system that vastly improves the experience for caregivers and their agencies.”

Alayacare says it now powers one billion patient visits around the world. The US is now the fastest-growing part of its business, “representing 7x growth” over the last two years.

Moreover, Alayacare says that more than 500 home and community care organizations around the world rely its videoconferencing software. The company now runs operations in the US, Canada, and Australia.


(PHOTO: Alayacare.com)

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