Home PC News CIBC Innovation Banking Provides AlayaCare With $15 Million Growth Capital Financing

CIBC Innovation Banking Provides AlayaCare With $15 Million Growth Capital Financing

MONTREAL–(BUSINESS WIRE)–August 27, 2020–

CIBC Innovation Banking is joyful to announce a $15 million progress capital financing for AlayaCare. As demand for dwelling care continues to rise, this debt facility will assist the company’s strategic plan to increase its presence in North America and Australia.

AlayaCare affords data-driven, cloud-based dwelling care software program program that delivers fashionable caregiver choices, similar to simplified billing, distant affected individual monitoring and a cell app. Backed by Inovia Capital, Caisse de Depot et placement du Quebec, and Investissement Quebec, the platform helps improve prime quality of care, optimize operations and permits corporations to ship a client-centric experience.

“We are excited to work with AlayaCare,” said Eric Laflamme, Managing Director Quebec Region, CIBC Innovation Banking. “The platform helps patients receive care in the place they call home, while leveraging data insights to improve outcomes. The company’s growth over the last year makes it even more evident that there’s a need for remote caregiving solutions.”

“Our mission to help clients deliver better outcomes is more important than ever before, as health care systems around the world have had to adapt how they care for patients because of the pandemic,” said Adrian Schauer, CEO & Founder, AlayaCare. “With the support of CIBC Innovation Banking, we can accelerate our growth and innovation as the industry continues to evolve, and focus on delivering transformative technology for improved health outcomes.”

About CIBC Innovation Banking

CIBC Innovation Banking delivers strategic advice, cash administration and funding to North American innovation companies at each stage of their enterprise cycle, from start as a lot as IPO and previous. With locations of labor in Atlanta, Austin, Chicago, Denver, Menlo Park, Montreal, Reston, Toronto and Vancouver, the crew has in depth experience and a strong, collaborative methodology that extends all through CIBC’s industrial banking and capital markets corporations inside the U.S. and Canada.

About AlayaCare Inc.

AlayaCare’s distinctive platform presents a whole know-how decision to deal with your full shopper lifecycle along with referrals and consumption, scheduling, coordination, shopper effectively being information, medical documentation, care worker administration, billing and payroll, reporting, distant affected individual monitoring, and a cell caregiver app in a single built-in, extraordinarily robust and protected, cloud-based system. AlayaCare is providing the platform for dwelling and group care organizations to propel in course of innovation and residential care of the long term. AlayaCare was primarily based in 2014.

Kathryn Lawler, [email protected], 416-242-1943

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