What You Should Know:
– K4Connect, a technology company that integrates the best in technology for older adults and those living with disabilities, announced a financing raise of $7.7 million led by Forte Ventures. This financing officially closes K4Connect’s Series B round at $21 million, bringing the company’s total outside venture funding to-date to $31 million.
– K4Connect is the leading provider of enterprise connected-life technologies for senior living communities that serves thousands of residents at over 800 communities across the nation.
K4Connect, a Raleigh, NC-based technology company that integrates the best in technology to serve and empower older adults and those living with disabilities, announced it has raised $7.7 million led by Forte Ventures. This financing officially closes K4Connect’s Series B round at $21 million, bringing the company’s total outside venture funding to-date to $31 million. Additional investors taking part in the round include existing K4Connect 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. This financing round will further accelerate the development and deployment of solutions that support today’s most vulnerable population during COVID-19 and beyond – older adults.
Powering Smart Senior Living Communities
Founded in 2013, K4Connect is the leading provider of enterprise connected-life technologies for senior living communities, currently serving thousands of residents at over 800 premier continuing care, independent living, and assisted living communities across the nation. The challenges brought on by COVID-19 have had far-reaching implications for senior living, but have magnified opportunities where technology can have an immediate and long-lasting impact on the daily lives of residents and working environments for community staff. K4Connect brings cutting-edge enterprise technologies to this industry, which innovation has long ignored. The company tailors a variety of technologies to benefit the residents, staff, and resident families of senior living communities through its flagship solution, K4Community.
K4Community is built upon K4Connect’s patented operating system, FusionOS, an advanced multi-modal edge-cloud architecture, and the only of its kind in the senior living industry. A comprehensive suite of solutions integrating the best in technology, K4Community enhances daily life for residents, augments the workday for staff, and enables community operators to operate more efficient and data-driven businesses.
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. Ultimately, the goal is to enable communities to rapidly transform into Smart Senior Living Communities, creating a more connected living and working environment driven by a foundation of technology.
“We are incredibly fortunate in our investor relationships in that they not only believe in our vision but equally value our mission. Forte Ventures is a prime example of that relationship and we’re proud to welcome them to the bench of our valued investors. With their support, and all of our investors, we’re continuing to accelerate to serve as many older adults through technology as possible,” said K4Connect CEO and Co-Founder, Scott Moody.