Amilia, a provider of management software and payment solutions for the community and recreation industries, announced it has raised $35 million to advance its next phase of growth and innovation. Vertu Capital led the funding round with additional participation from Amilia’s current investors, Export Development Canada (EDC), the Canadian Business Growth Fund (CBGF), and Investissement Québec (IQ).
Amilia now supports over 6,600 locations across North America, including YMCAs, JCCs, Parks and Recreation agencies, camps, and afterschool programs. And its platform helps organizations automate registrations, manage memberships, and streamline payments for over 1 million participants, processing nearly $1 billion in transactions annually.
What the funding will be used for: The additional funding will be utilized to accelerate product innovation and fuel Amilia’s growth through continued investment in its team and technology.
KEY QUOTES:
“This investment allows us to deepen our commitment to the organizations we serve by accelerating product innovation, with a focus on the needs of nonprofits like YMCAs and JCCs, as well as Parks and Recreation agencies. Partnering with Vertu Capital at this pivotal moment brings the strategic expertise we need to scale our impact. At a time when other software providers in our industry are slowing down, this partnership enables us to deliver the most efficient and future-ready tools to help organizations simplify operations and strengthen their communities.”
Hugo Lachance, CEO of Amilia
“The recreation space is an exciting market segment that is looking for modern technology solutions. Amilia has built a robust, mission-critical platform while developing a reputation for excellent customer satisfaction. We see significant potential to further scale their product offering and market reach.”
Eric Kafka, Partner at Vertu Capital; Kafka will be joining Amilia’s Board of Directors.
“As early investors, we’ve collectively believed in Amilia’s mission from the start, and that conviction has only grown stronger. Since 2022, the company has increased its revenue by over 130%, a clear sign of its market fit. We’re proud to continue supporting Amilia as it scales its impact across the recreation and membership space.”
Amilia’s current investors, CBGF, EDC, and IQ in a joint statement
