K4Connect Raises Additional Capital to Close Series B Funding of $21M; Brings Forte Ventures on as New Investor
K4Connect Raises Additional Capital to Close Series B Funding of $21M; Brings Forte Ventures on as New Investor
07/08/20, 1:36 PM
Location
raleigh
Money raised
$21 million
Round Type
series b
K4Connect, a mission-driven technology company that integrates the best in technology to serve and empower older adults and those living with disabilities, today 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, currently serving thousands of residents at over 800 premier continuing care, independent living and assisted living communities across the nation. 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.
Company Info
Company
Forte Ventures:
Location
raleigh, north carolina, united states
Additional Info
Forte Ventures is a multi-stage venture capital firm that collaborates and co-invests with corporate strategic partners in technology companies across diversified industry sectors throughout North America. Focus areas include Information Technology, Insurance Tech, Financial Tech, Mobility, On-Demand Tech/Services, Cybersecurity, IoT and Industrial Tech. Initial investments generally range between $1-3 million and typically include participation from leading corporate strategic partners as co-investors. Forte Ventures has offices in Atlanta and Silicon Valley. For more information please visit www.forteventures.com.