K4Connect Closes $12 Million Series B Round of Funding
Mission-centered technology company K4Connect, which creates solutions for older adults and individuals living with disabilities, secured a $12 million Series B round of funding led by AXA Venture Partners, the venture fund backed by the world’s second largest financial services company. Intel’s strategic investment organization Intel Capital, which led the Series A round, and Sierra Ventures, a premier Silicon Valley-based venture firm which led the company’s seed round, also participated. Returning investors included 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. This latest round brings K4Connect’s funding total to over $22 million.
The company plans to use the funds to further develop the Company’s K4Community solution and underlying Fusion platform/OS technologies. K4Connect will also use the proceeds to expand its current customer base of 13,000 residents in senior living communities from Florida to California, as well as to accelerate its partnerships across consumer and senior living-specific companies.