AlayaCare raises $13.8 mln in iNovia-led Series B financing

AlayaCare, a cloud-based home healthcare software provider, has secured $13.8 million in a Series B financing. Canadian venture capital firm iNovia Capital led the round. As a result, iNovia Principal Magaly Charbonneau will join the board. Other investors in the deal included Chrysalis and Fonds Innovexport. Founded in 2014 by CEO Adrian Schauer, AlayaCare’s platform offers support to home and community care providers, including back office, client and family portals, remote patient monitoring, telehealth and mobile care worker functionality. The Toronto- and Montréal-based company will use the funds raised to continue expanding in the U.S. market and further develop its technology.

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