K4Connect Raises $12M Led by AXA Venture Partners

K4Connect , a Raleigh, NC-based company creating solutions for seniors and individuals living with disabilities, has announced a $12m Series B round of funding led by AXA Venture Partners.

This latest round brings the funding total to over $22m and will be used to further develop the Company’s K4Community solution and underlying Fusion platform/OS technologies.

K4Connect will also use the proceeds 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. The funding follows a year of record growth for K4Connect, which tripled its revenues and expanded its team by 40%.

Its first product – K4Community – is designed to serve the residents, staff and operators of senior living communities. Integrating the latest in smart home, smart wellness and smart living technologies into a single easy-to-use system, K4Community makes any senior living community a truly Smart Community. K4Community brings together a plethora of advanced device, application and service technologies, making them accessible through both touch and voice technologies. In addition to being a ground-breaking amenity for senior community residents, K4Community also provides community staff and operators with the tools and data to provide the best in care and hospitality, as well as drive a measurable ROI through operational efficiencies and lowered costs.

“The health and well-being of the world’s aging population is a key focus for us. We’ve looked at a number of impressive technologies designed specifically for older adults over the years, yet K4Connect is the first company we’ve seen that can bring all these disparate technologies together into a single solution, not only for the senior living community operators, but also for the residents and their families. We’re excited about partnering with the K4Connect team, including all their prior investor advocates, to find new ways to bring the Company’s current and future solutions to the one billion people they hope to serve around the world.” – General Partner with AXA Venture Partners, Manish Agarwal.

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