Global aged care software company AlayaCare raises $241M to accelerate sector’s transformation

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AlayaCare, a global aged care software company which says more than 500 aged care organisations use its product, has announced a $241 million Series D funding round led by Generation Investment Management with participation from Klass Capital and incumbent investors Inovia Capital, CDPQ and Investissement Québec.

Since its launch, AlayaCare has experienced double-digit growth, expanded its operations in the US, Canada and Australia and now employs nearly 500 staff with aims to hire an additional 300-plus employees over the coming years.

The funding is meant to accelerate AlayaCare’s mission to “deliver aged care of the future through transformative innovation, data-driven insights, and a superior care worker experience that ultimately delivers better client outcomes and lower costs for providers.”

“Employee shortages and retention continues to be one of the biggest headaches for all service providers. AlayaCare is uniquely positioned to help tackle common pain points related to scheduling challenges and balancing client and care worker preferences,” said AlayaCare Founder and CEO, Adrian Schauer (pictured).

“Our innovative technology helps run the back office more efficiently, allowing care staff to focus on outcomes instead of paperwork. Through the support and confidence of our investors, customers, partners and employees, we are excited to scale the AlayaCare platform.”

AlayaCare uses artificial intelligence-based predictive models to enable business leaders to spend less time on manual tasks, and more time focused on growing their organisations as they seek to meet the huge demand coming from health systems for aged care. The AlayaCare platform also has robust third-party application programming interface integration, enabling customers to integrate it holistically within their existing systems.