Funding round
AlayaCare Series B
AlayaCare, which works in cloud-based home care software solutions in Canada, raised $14M in a Series B round announced on 7 Aug 2018, led by Inovia. 3 firms took part. It is AlayaCare's second venture round on record; the one before was a Seed in Jan 2015.
$14M
Amount raised
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 43 months after AlayaCare's Seed. It is 3.1% of the $441M AlayaCare has raised in the venture rounds on record. AlayaCare raised again 11 months later: a Growth round of $25M in Jul 2019.
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 this round 7 Aug 2018, led by Inovia $14M
- Growth 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.
Lead investor
- Inovia backs 120 venture-backed companies new investor
Also in the round
- backs 6 venture-backed companies new investor
- backs 4 venture-backed companies new investor
Joined the board: Magaly Charbonneau (Inovia Capital).
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
462 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $20M, and this round was 69% of the median. The closest in time, other companies' Series B rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 22 Aug 2018 | $70M | not disclosed | Brookfield |
| Tech Companies | 28 Aug 2018 | $35M | not disclosed | Highland Europe |
| Tech Companies | 14 Aug 2018 | $27M | not disclosed | Benchmark and Index Ventures |
| Arcadia Tech Companies | 16 Aug 2018 | $25M | not disclosed | G2 Venture Partners |
| Tech Companies | 7 Aug 2018 | $25M | not disclosed | Accel |
| Tech Companies | 31 Aug 2018 | $21M | not disclosed | Point72 Ventures |
| Tech Companies | 27 Aug 2018 | $20M | not disclosed | NEC Corporation and Tano Capital |
| Tech Companies | 22 Aug 2018 | $16M | not disclosed | Spark Capital |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did AlayaCare raise in its Series B round?
AlayaCare raised $14M in its Series B round, announced in Aug 2018.
Who led AlayaCare's Series B round?
Inovia led it, with Chrysalis Investments and Fonds Innovexport.
What was AlayaCare's valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Tech Companies?
462 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $20M, and this round was 69% of the median.
Did AlayaCare raise again after this round?
Yes: a Growth round in Jul 2019 of $25M.