Independa Raises $5 Million in Series A Funding Round

1-2-2013 11-15-40 PM

Independa, a telehealth company focused on independent-living solutions for the elderly, announces that it has closed a Series A financing round at $5 million. The new injection of capital will be used to fund expanded sales, research and development, and distribution of its technology.

“Our Series A investors have strongly affirmed Independa’s progress to date and recognized the deep impact our cloud-based technology will be having in technology- enabled independent living,” Kian Saneii, CEO of Independa

The news follows a recent strategic alliance announcement with LG Electronics, maker of healthcare optimized commercial televisions, which will allow Independa to provide telecare-related capabilities via LG Electronics TVs to residents of senior living communities.

LG Electronics and City Hill Ventures led the investment round, with additional investments by other unnamed parties.

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