Independa Closes $5M Series A Financing

Published On January 2, 2013 |

Independa, a San Diego, CA-based provider of technology-enabled independent-living solutions, closed a $5m Series A financing.

We recently anticipated the raising a part of the round (ready here). The investment round, which also included the conversion of the company’s convertible note totaling $2.35m (read here), included existing investor City Hill Ventures and strategic partner LG Electronics USA, as well as other investors.

The company intends to use the funds to to grow their customer base through an expansion of its network of distributors and channel partners, as well as increasing investments in R&D, sales and marketing.

Led by CEO Kian Saneii, Independa provides organizations and individuals with a suite of solutions (read here) to help the elderly remain independent more comfortably. They include comprehensive social engagement benefits, medication and appointment reminders, support for activities of daily living, and wireless health, remote monitoring and safety solutions. The company recently signed a strategic relationship with LG to offer its Angela™ social-engagement platform embedded on LG’s Pro:Centric™- enabled commercial televisions.

FinSMEs

02/01/2013

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