K4Connect, a Ralaigh, N.C.-based technology company that creates solutions that serve and empower older adults and individuals living with disabilities, raised $12m in Series B funding.
The round, which brings funding total to over $22m, was led by AXA Venture Partners, with participation from Intel Capital, Sierra Ventures, Stonehenge Growth Equity, Revolution Ventures’ Rise of the Rest Fund, Traverse Venture Partners, Better Ventures and RGAx, LLC, a subsidiary of Reinsurance Group of America. In conjunction with the funding, Manish Agarwal, a General Partner with AXA Venture Partners, will join K4Connect’s board of directors.
The company intends to use the funds to further develop its K4Community solution and underlying Fusion platform/OS technologies, to expand its customer base, which already includes over 13,000 residents across dozens of senior living communities from Florida to California, as well as to accelerate its partnerships across a spectrum of consumer and senior living-specific companies.
Led by F. Scott Moody, Chief Member Advocate, Co-founder and CEO, K4Connect provides K4Community, which is specifically designed to serve the residents, staff and operators of senior living communities. Integrating smart home, smart wellness and smart living technologies into a single system, it also provides community staff and operators with the tools and data to provide the best in care and hospitality.