We broke the news on K4Connect’s Series A raise in October, and now we can report that Scott Moody and Jonathan Gould have more than septupled down on their commitment to growing their connected home company in the Triangle.
The company will move to a new 15,000 square foot space, one more than 700 percent larger than their former 2,000 square foot office.
“We were busting at the seams,” said Moody, co-founder and CEO, K4Connect. “We owe at least part of our success to being headquartered in Raleigh as we are surrounded by some of the best universities in the U.S., no less the sheer density of innovation and startup activity in the region.”
Leaders from Wake County Economic Development (WCED) echoed the link between the company’s expansion and broader economic growth trends in the capital city.
“Raleigh posted a 38.5 percent increase in technology jobs between 2010-2015, second only to San Francisco and ahead of Austin, Boston, and other innovation hubs,” said WCED Executive Director Adrienne Cole, quoting a number from Forbes.
The company’s origins further tie it to the City of Raleigh, and one of the leaders who has made connecting entrepreneurs with each other and opportunity his mission since he took the job in 2012. Minor had already been busy recruiting companies to downtown Raleigh in another role since 2010.
“The fact is, K4Connect may have never come to fruition had it not been for the City of Raleigh’s entrepreneurship and innovation manager, Derrick Minor, who originally introduced me to Jonathan Gould,” says Moody. Minor said that he’s eager to see the company continue to grow in Raleigh.
