K4Connect’s “connected-life” platform has been implemented in five assisted living communities across North Carolina and Maryland, with plans to expand further in 2017

RALEIGH, N.C., April 18, 2017 – K4Connect, a mission-centered technology company that creates solutions to serve and empower older adults and individuals living with disabilities, announced today that HHHunt’s Senior Living Division has successfully implemented the K4Community “connected-life” platform across five communities in North Carolina and Maryland, with plans to expand to four additional communities in Virginia and North Carolina in the coming months.

These assisted living communities, known as Spring Arbor, are located in Raleigh, Apex, Greenville, and Greensboro, N.C., as well as Severna Park, Maryland.  Spring Arbor assisted living residents now have access to the K4Community platform, specifically designed for senior living communities. The platform combines the latest in smart-home technologies and engagement applications into a single, easy-to-use application.

HHHunt, an award-winning real estate development and management company, operates 22 Spring Arbor Assisted Living communities in the Mid-Atlantic. The Company holds a highly regarded 50-year track record in real estate, and since the early 90’s is known for its success in smart design and its highly-experienced staff certified in assisted senior living.

“Spring Arbor is committed to improving the standards of our communities and by adding technology based amenities for the residents, we’re enhancing our program while at the same time pushing the industry forward,” said Richard Williams, Senior Vice President of HHHunt’s Spring Arbor Senior Living Communities. “Hearing directly from our residents that K4Community is helping them live a more enjoyable and purposeful life is the reason we implemented K4Community in the first place. In addition to bringing K4Community to our existing communities, we plan to build the technology directly into the new communities being developed in coming years.”

“I was really curious about technology, but didn’t know if it would be a good fit for me,” said Leon Allgood, a resident of Spring Arbor Raleigh. “K4Community turned out to be very easy to use, and I use it to make decisions about what I want to do every day. I can do everything with it: check the weather, look at our menu, sign up for upcoming events, change my thermostat, play games, set lights to come on as I move around my room at night, and stay in touch with family and friends!”

K4Community is more than the latest in home automation. The platform brings together a multitude of capabilities that deliver real value and utility for older adults in senior living communities. K4Community is designed to easily integrate into both new and established communities, and is hosted, managed and supported by the K4Connect team. With a single touch, community residents can control their living environments (integrating “smart” thermostats, light switches, remote control, etc.); monitor their wellness (fitness trackers, time in bed, pill reminders, etc.); stay connected with loved ones through secure voice/video calling, photo sharing and messaging; and stay engaged in community activities through online event sign-ups, menus, resident directories, and newsletters.

K4Community also provides an integrated reporting and management system for senior living staff and operators, enabling them to provide the best in care, hospitality and operational efficiency. Staff members easily access K4Community data via user-friendly dashboards, which provides both resident analytics and building management insights. K4Community also serves as a content management system, digitizing the community, enabling more frequent communication, significantly greater feedback and overall lower costs.

“We have been extremely excited by the resident response at each of the Spring Arbors. K4Community has really become part of everyday life, in fact, across the communities there has been a 100% adoption rate of our home automation solutions, and our daily tablet usage rates are consistently higher than mass market solutions like LinkedIn and Pinterest,” said Scott Moody, CEO and Chief Client Advocate of K4Connect.

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Funding supports mission of making the lives of older adults and those living with disabilities simpler, healthier and happier through the use of technology

RALEIGH, N.C., October 24, 2016 — K4Connect, a mission-oriented technology company that creates solutions that serve and empower older adults and individuals living with disabilities, today announced it has raised $8 million in Series A funding, led by Intel Capital. In addition to Intel Capital, this financing included new strategic investments by RGAx, LLC, a subsidiary of Reinsurance Group of America, Incorporated (NYSE: RGA), a global provider of life and health-related reinsurance with over $10B in revenue, and Traverse Venture Partners, a growth equity platform focused on accelerating the transition to more productive, flexible and valuable real estate, including senior living communities. All of the Company’s seed-stage fund investors also participated, including 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, of which there are over 22,000 in the U.S. alone.

Intel Capital announced the investment earlier today at its 17^th Annual Intel Capital Global Summit in San Diego, a gathering of nearly 1,000 technology executives and industry influencers.

“There are close to 1.5 billion older adults and people living with disabilities in the world today, a market segment expected to grow to nearly 28 percent of the world’s population by 2050,” said Scott Moody, Co-founder and CEO of K4Connect. “That’s an enormous segment of society currently underserved by technology. Our solutions, of which K4Community is just the first, empower those we serve to live simpler, healthier and happier lives.”

K4Community integrates the latest in smart technologies into a single responsive platform, enabling smarter living environments and healthier lives, while also fostering family and community engagement for senior living residents. With a single touch, community residents can control their apartments, stay connected with loved ones through photo sharing or video chats, and stay more engaged in community activities through event calendars and newsletters. K4Community also benefits operators of these communities by allowing them to provide the best in care and hospitality with value-added amenities, while increasing revenues and lowering costs.

“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.”

Sierra Ventures and Stonehenge Growth Equity were previously investors in AuthenTec, the fingerprint sensor technology company co-founded by Moody that was acquired by Apple in 2012. AuthenTec remains the only public company ever acquired by Apple, and its technologies are now the foundation for Apple’s Touch ID.

“We’re excited about supporting Scott and the team at K4Connect as they work to transform an industry and make a difference in people’s lives, much as they did at AuthenTec,” said Ben Yu, Managing Director at Sierra Ventures. “We’ve seen many other companies in this space, but K4Connect has worked extensively with those they serve to produce what we think is a truly unique solution.”

“What impresses us most about K4Connect is not only their mission orientation, ‘To serve the underserved’, but that they have assembled a very talented team,” said Steve Lux, Managing Partner at Stonehenge Growth Equity. “We’re thrilled to be supporting Scott again and helping the K4Connect team make their mission a reality.”

To learn more about K4Connect, visit k4connect.com

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About K4Connect

K4Connect creates solutions that serve and empower older adults and individuals living with disabilities, enhancing lives through an open technology delivery and management platform that combines home automation, health and wellness technology, content and communications. The Company’s products enable simpler, smarter living environments and healthier lives, while fostering family and community engagement. For more information, please visit www.k4connect.com

About Intel Capital

Intel Capital, Intel’s strategic investment and M&A organization, backs innovative startups targeting computing and smart devices, cloud, datacenter, security, the Internet of Things, wearable and robotic technologies and semiconductor manufacturing. Since 1991, Intel Capital has invested US$11.7 billion in 1,457 companies worldwide, and 605 portfolio companies have gone public or been acquired. Through its business development programs, Intel Capital curates thousands of introductions each year between its portfolio executives and Intel’s customers and partners in the Global 2000. For more information on what makes Intel Capital one of the world’s most powerful venture capital firms, visit www.intelcapital.com or follow @Intelcapital.

K4Connect raises $1.9 million to launch smart technology for senior living communities with a product to improve quality of care, streamlining community operations, and most importantly, to help make residents’ lives simpler, healthier and happier.

Raleigh, N.C. – October 12, 2015 – K4Connect, a user-centric technology integration company, announced today that it has raised $1.9 million in a seed round to support the launch of its debut product for senior living communities. The product, K4Community, transforms community apartments and residences into smart homes that are responsive to individual residents’ needs and preferences via a single easy-to-use application. With new home automation products appearing on the market daily, K4Connect is the first company to bring them together in an integrated solution specifically designed and developed to meet the evolving needs of the rapidly growing, though underserved, senior living market.

The senior market, which is expected to double in size over the next 15 years, is prime for an influx of new technologies and investments. The momentum in the market is evidenced by strong support for K4Connect from several leading investors, including: Silicon Valley-based Sierra Ventures and Better Ventures; North Carolina-based Lowe’s Companies, Inc.; and Florida’s Stonehenge Growth Equity Partners. Chris Regan, a patent attorney with Allen, Dyer, Doppelt, Milbrath & Gilchrist, P.A., as well as two other unnamed investors have committed funds for K4Connect’s growth.

Sierra Ventures and Stonehenge were previous investors in AuthenTec, the fingerprint sensor technology company co-founded by K4Connect CEO F. Scott Moody. AuthenTec’s technology is now the foundation for Apple’s Touch ID. Similarly, Regan previously served as outside patent counsel for AuthenTec, which had more than 200 patents when acquired by Apple in 2012.

“K4Connect’s first product is bridging the gap between smart technologies and the 43 million seniors living in the United States. The company’s focus on improving quality of life for seniors will be essential as our population ages,” said Ben Yu, Managing Director of Sierra Ventures. “We could not be more excited to reinvest in an entrepreneur like Scott. Much like our prior investment in him and the team at AuthenTec, we see K4Connect solving a global problem by making extremely complex technology accessible to everyday consumers.”

“By putting the residents’ needs first, there is no doubt that K4Community is making a material difference in peoples’ lives,” said Morton, co-founder of Southern Assisted Living, whose 40 senior living communities were acquired by Brookdale in 2006. “My experience in this industry has taught me that the products that empower seniors themselves are the ones that succeed, and that is what I see here.”

The company’s patent-pending software platform seamlessly integrates disparate smart devices, systems and technologies into a single responsive system. This makes life simpler and healthier for seniors, while arming community staff and operators with actionable resident data and analytics to help improve quality of care and customer satisfaction.

“The overwhelmingly positive support we have received from investors confirms that K4Connect will be important to the future of senior care,” said Moody. “As more of America’s 75 million baby boomers transition to retirement, senior living communities need new ways to distinguish themselves from competitors. Our product improves quality of care, streamlines community operations, and most importantly, helps make residents’ lives simpler, healthier and happier.”

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Raleigh-based tech company names former Startup America Managing Director, Derek Holt, as company President. Holt brings a unique background to the K4Connect team with nearly a decade of enterprise software experience in various leadership roles at IBM.

Raleigh, N.C. – September 21, 2015 – K4Connect announced today that it has hired former Startup America Partnership Managing Director, Derek Holt, as its new President. Holt joins other veteran entrepreneurs and industry experts to accelerate the transformation of the senior living industry from traditional nursing homes to amenity-rich communities that cater to active and independent seniors. The company’s first product, K4Community, brings smart home and health technologies to senior living communities to make life simpler, healthier and happier for residents and staff alike. Holt recently helped the team close its recently announced deal, topping $1.4 million, with Signature Senior Living for ten new communities planned in Pennsylvania.

Holt brings a unique background to the K4Connect team with nearly a decade of enterprise software experience in various leadership roles at IBM. He earned a degree in computer engineering from Penn State University and his M.B.A. from Duke University’s Fuqua School of Business where he was a Fuqua Scholar. After completing his M.B.A., Holt was recruited to the nation’s capital by Startup America Partnership, a public-private partnership with the White House. There, Holt served as Managing Director of Business Development and was responsible for all private sector sponsor relationships, as well as partnering with large U.S. companies to provide tools and resources to grow and accelerate startup communities across the country.

“During my tenure with Startup America, I had the incredible opportunity to work with hundreds of entrepreneurs across the country and learn from some of our nation’s most legendary founders who have built iconic companies and, in many cases, helped to establish entire industries,” said Holt. “My experience taught me the importance of focusing on customer value, creating a great product and building an experienced team. I truly believe in the K4Connect mission and am confident our technology can make a meaningful difference in the lives of the more than one billion seniors around the globe.”

K4Connect’s CEO F. Scott Moody is a seasoned entrepreneur and technology thought leader. Moody previously co-founded AuthenTec, the company that developed the technologies now at the foundation of the Touch ID in the Apple iOS products. AuthenTec was acquired in 2012, making it the only publicly traded company in history to be acquired by Apple.

Moody co-founded K4Connect with Jonathan Gould, who serves as Chief Technology Officer. Gould brings with him more than a decade of home and hospitality automation experience. He previously founded an audio-visual and home automation company that grew to be one of the market leaders in the Raleigh area before its successful acquisition. Gould also served as Chief Technology Officer for a software development company whose clients included some of the largest players in the home automation market.

Rounding out the management team are Ian Sanders, VP of Business Development, and David Weiss, Creative Director. Sanders was among the founding team at several startups, including one of the largest in custom assistive technologies. Before joining K4Connect, Weiss oversaw design for luxury yachts where he learned to integrate the most advanced technologies in a seamless way.

“Senior living is a rapidly growing but underserved market,” said Moody. “We have assembled a world-class team with diverse industry backgrounds all focused on improving the lives of seniors and the people who care for them on a daily basis.”

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