Existing investors Inovia Capital, the Caisse de dépôt et placement and Investissement Québec participated in funding the Montreal-based home-care healthtech company, which has seen its U.S. growth increase sevenfold over the last two years. (The Logic)
Talking point: Fuelled by aging populations and the subsequent need for chronic-disease management, the home health-care market is expected to grow to nearly US$384 million by 2030, according to a recent Precedence Research report. AlayaCare has raised a total of US$294.41 million since its founding in 2014, according to PitchBook data. The company plans to use more than half of the raise on acquisitions.