K4Connect, a Raleigh, N.C.-based mission-driven technology company that integrates technology to empower older adults and those living with disabilities, raised $7.7m in funding.
The round was led by Forte Ventures with participation from existing investors Sierra Ventures, Intel Capital, AXA Venture Partners, the Ziegler Link•Age Fund, Revolution’s Rise of the Rest, Topmark Partners (formerly Stonehenge Growth Equity Partners) and Traverse. As part of the investment by Forte Ventures, Louis Rajczi will join the K4Connect Board of Directors.
This round – which closes the Series B round at $21m, bringing the company’s total outside venture funding to-date to $31m – will further accelerate the development and deployment of solutions for older adults.
Led by CEO and Co-Founder Scott Moody, K4Connect provides enterprise connected-life technologies for senior living communities, currently serving thousands of residents at over 800 communities across the nation.
Its premier solution, K4Community, provides smart products and features across Home, Wellness, and Engagement for residents, and Productivity, Building, and Insight for staff and operators. Residents stay connected to each other and their families through digital communications (e.g., voice, video, messaging), informed on the latest community news (e.g., COVID-19 updates, visitation policies, daily menus), engaged and stimulated during quarantine (e.g., content, virtual engagement, voice-first experiences) and more independent through features such as home automation and Resident Check-in. Community staff benefit from creation, productivity, and awareness tools via the K4Community Team Hub, and key features including automated family/guest communications and Hotline for critical communications.