Amilia, a fast-growing 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. The funding round is led by Vertu Capital, a private equity firm specializing in high-potential technology companies, with additional participation from Amilia’s current investors Export Development Canada (EDC), the Canadian Business Growth Fund (CBGF) and Investissement Québec (IQ).
Accelerating Innovation and Growth
Today, Amilia supports over 6,600 locations across North America, including YMCAs, JCCs, Parks and Recreation agencies, camps, and afterschool programs. Its platform helps organizations automate registrations, manage memberships and streamline payments for more than 1 million participants, processing nearly $1 billion 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.
“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”, said Hugo Lachance, the CEO of Amilia, in a press release. “Partnering with Vertu Capital at this pivotal moment brings the strategic expertise we need to scale our impact. 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.”
Fueling the Next Chapter with Vertu Capital
Vertu Capital brings extensive experience in scaling enterprise software companies and sees strong potential in Amilia’s growth trajectory. “The recreation space is an exciting market segment that is looking for modern technology solution s”, said Eric Kafka, a partner at Vertu Capital. “Amilia has built a robust, mission-critical platform while developing a reputation for excellent customer satisfaction. We see significant potential to further scale their product offering and market reach.” As part of the transaction, Kafka will be joining Amilia’s Board of Directors.
Continued Confidence from Early Investors
Amilia’s current investors, CBGF, EDC and IQ, are once again participating in this financing round, reinforcing their confidence in the company’s momentum and vision. In a joint statement, they voiced that confidence: “As early investors, we’ve collectively believed in Amilia’s mission from the start, and that conviction has only grown stronger. Since 2022, the company has increased its revenue by over 130%, a clear sign of its market fit. We’re proud to continue supporting Amilia as it scales its impact across the recreation and membership space.”
