CIBC Innovation Banking has provided a $50 million growth capital facility to AlayaCare, a provider of home and community care software solutions, to support continued expansion and strategic acquisitions.
The financing will help AlayaCare accelerate its growth across Canada, the United States, and international markets, while also pursuing mergers and acquisitions. The company delivers cloud-based, data-driven software for home and community-based care organizations, offering tools such as simplified billing, remote patient monitoring, and a mobile application. CIBC has backed AlayaCare since its founding in 2014.
AlayaCare’s platform is designed to manage the full client lifecycle for public, private, and non-profit home-based and community care organizations. Its system includes needs assessments, care planning, scheduling, route optimization, visit verification, and virtual care capabilities. The company now employs more than 600 people.
AlayaCare is supported by investors including Inovia Capital, Generation Investment Management, La Caisse, Investissement Quebec and Klass Capital.
CIBC Innovation Banking has more than 25 years of experience working with growth-stage technology and life sciences companies across North America. The firm manages over $11 billion in funds across sectors, including life sciences, health care, and cleantech, and has supported more than 700 venture and private equity-backed businesses over the past six and a half years. It operates from 14 global locations, including San Francisco, Menlo Park, New York, Toronto, London, Austin, Boston, Chicago, Seattle, Vancouver, Montreal, Atlanta, Reston and Durham.
KEY QUOTES:
“AlayaCare’s journey from its inception to becoming a global leader in caregiver solutions is a testament to the power of innovation. The company’s outstanding management team has consistently demonstrated vision and execution, and we are proud to support this next phase of growth. AlayaCare’s success reflects CIBC Innovation Banking’s commitment to empowering early-stage technology companies to achieve global expansion, supporting growth at every stage and across international markets.”
Eric Laflamme, Managing Director, CIBC Innovation Banking
“We are excited to continue working with CIBC Innovation Banking as we accelerate AlayaCare’s growth and pursue new opportunities in the market. This financing will enable us to further invest in our technology and expand our impact, helping care providers deliver better outcomes for their clients.”
Adrian Schauer, CEO, AlayaCare
