K4Connect is a healthtech company that provides enterprise technologies to senior living communities, based in Raleigh, N.C. Its core product is FusionOS, a patented integration platform that connects new and emerging technologies and aggregates health and behavioral data across systems and applications. K4Connect also offers the K4Community Engagement Suite to improve resident engagement and staff workflows. The company says FusionOS helps operators optimize caregiver workflows, lower costs, and improve resident care; its FusionOS and Engagement Suite serve tens of thousands of residents and staff across U.S. senior living communities. K4Connect raised $8.9M in a recent financing, bringing total capital raised to $39M, and plans to use proceeds to drive further adoption in the senior living market and continue advancing its technology. The company is led by CEO F. Scott Moody and announced Mike Weller will join as COO. K4Connect builds a software platform that integrates any number of disparate smart devices, systems and applications into a single responsive system. Its initial K4-branded products, including K4Community, are specifically tailored for seniors and individuals living with disabilities. The company has focused productization around senior living and accessibility use cases. K4Connect is based in Raleigh, North Carolina. Financially, the company has raised an additional $12 million in venture funding during the pandemic period, bringing total capital raised to $35 million since the start of the pandemic. The recent funding includes participation from both existing and new investors tied to the senior-living and real-estate industries. K4Connect offers a FusionOS-based platform (branded K4Community) that bundles voice assistance, pre-provisioned Alexa devices, home automation (thermostats, lights, sensors), video and messaging, resident directories, games and community communications for senior living and care facilities. The company sells its SaaS on a per-resident basis (ranging from a few dollars to tens of dollars per month depending on modules) and includes support and facility productivity tools like event management, surveys and resident/family management. K4Connect serves over 800 continuing care, independent living and assisted living communities and has a 57-person full-time team. The product roadmap has been adjusted during the COVID-19 outbreak (Project COVID 911) to prioritize communications, content delivery, expanded video chat and pre-provisioning to limit in-room installations. The platform also supports livestreamed programming, dining booking tools and resident-to-resident and resident-to-staff video chat. The company is actively developing solutions to expand beyond facility-based communities into affordable housing and seniors living independently. K4Connect is a Raleigh, N.C.-based technology company that creates solutions to serve and empower older adults and individuals living with disabilities. It provides K4Community, a platform designed for residents, staff and operators of senior living communities that integrates smart home, smart wellness and smart living technologies into a single system. The company also develops an underlying Fusion platform/OS to unify those technologies and deliver tools and data for care and hospitality teams. K4Connect intends to use the new funding to further develop K4Community and the Fusion platform, expand its customer base, and accelerate partnerships across consumer and senior living-specific companies. It reports more than 13,000 residents across dozens of senior living communities from Florida to California as customers. The company is led by co-founder and CEO F. Scott Moody and has raised over $22M to date following this round. K4Connect provides K4Community, a responsive platform that integrates smart technologies to foster family and community engagement for senior living residents. K4Community lets residents control their apartments, connect with family and friends through photo sharing and video chats, and stay engaged via event calendars and newsletters. The platform also enables community operators to improve care and hospitality with value-added amenities. K4Connect intends to use the Series A proceeds to accelerate growth of K4Community, its first product. The company is led by co-founder and CEO Scott Moody and is based in Raleigh, N.C.

Total raised

$51M

Funding rounds

6

Latest round

Equity

Latest activity

Jul 2023