A Montreal-based provider of management software and payment solutions for the community and recreation industries has raised $35 million to “fuel its next phase of growth and innovation.”
Amilia announced this week the sizeable funding round, which was led by Vertu Capital. Current investors in Emilia, including Export Development Canada, the Canadian Business Growth Fund, and Investissement Québec, also contributed to the round.
“Partnering with Vertu Capital at this pivotal moment brings the strategic expertise we need to scale our impact,” stated Hugo Lachance, chief executive officer of Amilia.
“At a time when other software providers in our industry are slowing down, this partnership enables us to deliver the most efficient and future-ready tools to help organizations simplify operations and strengthen their communities,” he said.
The Quebec upstart supports over 6,600 locations across North America—such as YMCAs, JCCs, Parks and Recreation agencies, camps, and afterschool programs—via its tech-forward platform that helps organizations automate registrations, manage memberships, and streamline payments for more than one million combined participants, processing nearly $1 billion total in transactions annually.
The additional funds will be leveraged to accelerate product innovation and fuel Amilia’s growth through continued investment in its team and technology, according to a statement from the Canadian fintech.
“This investment allows us to deepen our commitment to the organizations we serve by accelerating product innovation, with a focus on the needs of nonprofits like YMCAs and JCCs, as well as Parks and Recreation agencies,” Lachance said.
The recreation space is “an exciting market segment that is looking for modern technology solutions,” according to Eric Kafka, a Partner at Vertu who will be joining Amilia’s Board of Directors.
“Amilia has built a robust, mission-critical platform while developing a reputation for excellent customer satisfaction,” he says. “We see significant potential to further scale their product offering and market reach.”
Amilia was founded in 2009.
Leave a Reply