Funding round
AlayaCare Series D
AlayaCare, which works in cloud-based home care software solutions in Canada, raised $165M in a Series D round announced on 22 May 2024, led by Generation Investment Management LLP. 5 firms took part. It is AlayaCare's sixth venture round on record; the one before was a Growth in Jun 2021.
$165M
Amount raised
225,000,000 CAD converted
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 35 months after AlayaCare's Growth. It is 37% of the $441M AlayaCare has raised in the venture rounds on record. No later venture round is on record for AlayaCare.
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 30 Jun 2021, led by Generation Investment Management $183M
- Series D this round 22 May 2024, led by Generation Investment Management LLP $165M
Investors
Who put money in
Generation Investment Management LLP led the round with 4 other firms.
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
99 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $96M, and this round was 1.7 times the median. The closest in time, other companies' Series D rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 16 May 2024 | $200M | $1.50B | Spark Capital and Avenir |
| Tech Companies | 21 May 2024 | $31M | not disclosed | M&G |
| Island Tech Companies | 30 Apr 2024 | $175M | $3.00B | not named |
| Tech Companies | 18 Jun 2024 | $150M | $1.50B | Kleiner Perkins and Meritech Capital |
| Tech Companies | 4 Apr 2024 | $145M | not disclosed | ICONIQ Growth |
| Tech Companies | 1 Jun 2024 | $116M | $635M | Catalyst Investments |
| ThreatLocker Tech Companies | 24 Apr 2024 | $115M | not disclosed | General Atlantic |
| Tech Companies | 3 Apr 2024 | $60M | not disclosed | L Catterton |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did AlayaCare raise in its Series D round?
AlayaCare raised $165M in its Series D round, announced in May 2024.
Who led AlayaCare's Series D round?
Generation Investment Management LLP led it, with Klass Capital, Inovia, La Caisse and Investissement Québec.
What was AlayaCare's valuation at the Series D round?
It was not disclosed.
How does it compare with other Series D rounds in Tech Companies?
99 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $96M, and this round was 1.7 times the median.