Tech company raises $8 million in funding
K4Connect, a technology company helping individuals living with disabilities, announced it has raised $8 million in Series A funding, led by Intel Capital.
Financing also reflected strategic investments by RGAx, LLC, a subsidiary of Reinsurance Group of America Incorporated, and Traverse Venture Partners, a growth equity platform focused on valuable real estate, including senior living communities.
Seed investors also participated, such as Sierra Ventures, Stonehenge Growth Equity, Lowe's Corporation and Better Ventures.
K4Connect plans to use the funds to accelerate the growth of its first product, K4Community, designed specifically for the residents and operators of senior living communities, the company said.
Intel Capital announced the investment at its 17th Annual Intel Capital Global Summit in San Diego.
“K4Connect puts the power of technology to work in a way that benefits the lives of older adults and people living with disabilities,” said Doug Davis, senior vice president and general manager of the Internet of Things (IoT) Group at Intel Corp. “Bringing smarter connections and innovative technologies to new places and underserved users aligns with Intel's vision for the future of how we live and work across all sectors.”