RALEIGH – K4Connect is looking to improve the capabilities of its “operating system” that integrates tech devices across community living centers after landing $12 million in venture capital.

AXA Venture partners led the Series B round with several previous investors, including Intel Capital, participating.

K4Connect has now raised more than $22 million.

The firm is deploying K4Community, which the firm says “makes any senior living community a truly Smart Community.” Its underlying, patented Internet-of-Things platform technology is known as Fusion.

Future K4Connect products include K4Home, which the company says is for older adults living in their own homes, and K4HomeCare, which is designed for care agencies.

Raleigh-based K4Connect, a mission-centered technology company that creates solutions for older adults and individuals living with disabilities, announced today a $12 million Series B round of funding led by AXA Venture Partners, the venture arm of the world’s second largest financial services company.

The company also has a growing client base of senior living centers across several states, including North Carolina, Florida and California.

“We’re honored to have an organization such as AXA Venture Partners lead our latest round of funding. We have been extremely fortunate to have a set of investor advocates who not only wholly support our mission, but also bring significant strategic value,” said F. Scott Moody, K4Connect’s CEO and co-founder.

Very few companies understand the health and insurance markets, both nationally and globally, as well as AXA. Their support will allow us to not only grow in the United States, but expand internationally as well. We look forward to working with them to expand the market for our first product, K4Community, as well as other planned products.”

AXA Venture Partners  is the venture investing arm of AXA, a leading global insurer and asset manager.

“The health and well-being of the world’s aging population is a key focus for us,” said Manish Agarwal, a general partner with AXA Venture Partners. “We’ve looked at a number of impressive technologies designed specifically for older adults over the years, yet K4Connect is the first company we’ve seen that can bring all these disparate technologies together into a single solution, not only for the senior living community operators, but also for the residents and their families. We’re excited about partnering with the K4Connect team, including all their prior investor advocates, to find new ways to bring the Company’s current and future solutions to the one billion people they hope to serve around the world.”

As part of the deal, Agarwal joins the K4Connect board.

Other investors include Sierra Ventures, a Silicon Valley-based venture firm that led K4Connect’s Seed Round of funding, as well as 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.

The full details of the latest funding can be found online: https://bit.ly/2EHPhbj