K4Connect a Raleigh, N.C.-based provider of smart home and on-demand app integration for senior-living facilities, raised $12 million in new venture capital funding led by AXA Venture Partners.
Why it matters: This is one of very few consumer tech startups aimed at America's fastest-growing demographic, and it's founded by the guy whose last company helped Apple enable TouchID.
"There's a joke that San Francisco is the premiere assisted living community for millennials. You can sit there and have everything brought to you that you ever may need. We integrate technologies that have been targeted toward a younger demographic and make them work for older adults and people living with disabilities." — K4Connect CEO Scott Moody via CNBC