Funding round
AlayaCare Growth
Reported as "Growth Equity"
AlayaCare, which works in cloud-based home care software solutions in Canada, raised $183M in a Growth round announced on 30 Jun 2021, led by Generation Investment Management. 5 firms took part, 3 of them already investors. It is AlayaCare's fifth venture round on record; the one before was a Series C in Jan 2020.
$183M
Amount raised
Not disclosed
Post-money valuation
5
Investors
1 lead
Valuation
What this round says about the price
AlayaCare did not disclose a valuation in this round. It came 17 months after AlayaCare's Series C. It is 42% of the $441M AlayaCare has raised in the venture rounds on record. AlayaCare raised again 35 months later: a Series D round of $165M in May 2024.
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 2 Jul 2019, led by Inovia $25M
- Series C 6 Jan 2020 $48M
- Growth this round 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
Generation Investment Management led the round with 4 other firms. Inovia, La Caisse and Investissement Québec had backed AlayaCare before.
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations, acquisitions and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Acquisitions
- Working capital
Comparable rounds
How it compares
405 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $60M, and this round was 3.0 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Lucid Tech Companies | 24 Jun 2021 | $500M | $3.00B | not named |
| Thumbtack Tech Companies | 15 Jun 2021 | $275M | $3.20B | Qatar Investment Authority and Blackstone |
| Tech Companies | 29 Jun 2021 | $230M | not disclosed | Goldman Sachs Asset Management |
| Tech Companies | 8 Jun 2021 | $130M | not disclosed | TA Associates |
| Tech Companies | 2 Jun 2021 | $100M | not disclosed | TPG |
| Tech Companies | 29 Jun 2021 | $100M | not disclosed | TPG |
| Tech Companies | 17 Jun 2021 | $75M | not disclosed | Sunstone Partners |
| Tech Companies | 28 Jun 2021 | $75M | not disclosed | Brighton Park Capital |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did AlayaCare raise in its Growth round?
AlayaCare raised $183M in its Growth round, announced in Jun 2021.
Who led AlayaCare's Growth round?
Generation Investment Management led it, with Klass Capital, Inovia, 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?
405 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $60M, and this round was 3.0 times the median.
Did AlayaCare raise again after this round?
Yes: a Series D round in May 2024 of $165M.