Independa has closed its Series A Preferred Stock financing round after reaching a total of $5 million. It received new investments to fund expanded sales, research and development, and distribution of its technology-enabled independent-living solutions.
The round included the successful conversion of the company's convertible note. Kian Saneii, CEO for Independa, stated that through an expansion of its network of distributors and channel partners, the funding will be used to grow Independa's customer base as well as increase investments in R&D, sales and marketing.
Under the Independa-LG strategic relationship, the companies offer Independa's Angela™ social-engagement platform embedded on LG’s Pro:Centric™, enabled commercial televisions, which are designed for a range of flexible hospitality and healthcare applications, including serving the unique needs of senior communities. Designed to help care recipients stay at the residence of their choice longer, safer and more comfortably by providing seniors with single-click access to multimedia communication, social interaction and a wide range of features, Angela proactively supports independent living.
Saneii added that its Series A investors have strongly affirmed Independa's progress to date and recognized the deep impact that its cloud-based technology will be having in technology-enabled independent living.
"The caliber of the organizations and individuals involved in our Series A round is simply outstanding and enables us to most effectively pursue our market opportunities. We're grateful to our investors for their trust, support and shared vision," concluded Saneii.
Edited by Rich Steeves