AlayaCare, a cloud-based software for home and community care providers, acquired a Series B investment of $13.8 million led by iNovia Capital, with participation from Chrysalis and existing investor Fonds Innovexport.
AlayaCare’s goal is to help its clients capitalize on the shift to home-based care for the growing population of older adults in several global markets. AlayaCare is designed to help create capacity within home health organizations, and its platform provides key business insights to increase clients’ efficiencies and better deploy resources. The software suite includes scheduling, time reporting, clinical documentation, remote patient monitoring and mobile, billing, and web apps specifically for patients, family members, and care workers.
The company plans to use the financing to fund AlayaCare’s continued expansion with a focus on the US market, and further investment in its proprietary technology platform.