Funding round
AlayaCare Growth
Reported as "Growth Equity"
AlayaCare, which works in cloud-based home care software solutions in Canada, raised $25M in a Growth round announced on 2 Jul 2019, led by Inovia. 3 firms took part. It is AlayaCare's third venture round on record; the one before was a Series B in Aug 2018.
$25M
Amount raised
33,000,000 CAD converted
Not disclosed
Post-money valuation
3
Investors
1 lead
Valuation
What this round says about the price
AlayaCare did not disclose a valuation in this round. It came 11 months after AlayaCare's Series B. It is 5.7% of the $441M AlayaCare has raised in the venture rounds on record. AlayaCare raised again 6 months later: a Series C round of $48M in Jan 2020.
AlayaCare's funding rounds
AlayaCare has 6 venture rounds on record and 1 other deal. This one is highlighted.
- Seed 1 Jan 2015 $6.0M
- Other not a venture round 1 May 2017 $2.4M
- Series B 7 Aug 2018, led by Inovia $14M
- Growth this round 2 Jul 2019, led by Inovia $25M
- Series C 6 Jan 2020 $48M
- Growth 30 Jun 2021, led by Generation Investment Management $183M
- Series D 22 May 2024, led by Generation Investment Management LLP $165M
Investors
Who put money in
Inovia led the round with 2 other firms.
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
234 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $45M, and this round was 56% of the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| OpenAI Tech Companies | 22 Jul 2019 | $1.00B | not disclosed | Microsoft |
| Tech Companies | 11 Jul 2019 | $177M | $400M | Apax Partners |
| Thumbtack Tech Companies | 22 Jul 2019 | $150M | $1.70B | Sequoia Capital |
| Tech Companies | 15 Jul 2019 | $48M | not disclosed | Warburg Pincus |
| Tech Companies | 17 Jul 2019 | $40M | not disclosed | Canadian Business Growth Fund |
| Tech Companies | 29 Jul 2019 | $28M | not disclosed | not named |
| Tech Companies | 24 Jul 2019 | undisclosed | not disclosed | not named |
| Tech Companies | 12 Jun 2019 | $227M | not disclosed | Eurazeo and Morgan Stanley |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did AlayaCare raise in its Growth round?
AlayaCare raised $25M in its Growth round, announced in Jul 2019.
Who led AlayaCare's Growth round?
Inovia led it, with La Caisse and Investissement Québec.
What was AlayaCare's valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Tech Companies?
234 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $45M, and this round was 56% of the median.
Did AlayaCare raise again after this round?
Yes: a Series C round in Jan 2020 of $48M.