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Independa Closes Convertible Note Funding at $2.35 Million
Date:4/25/2012

SAN DIEGO, April 25, 2012 /PRNewswire/ -- Telehealth innovator Independa™ announced today that it has closed its convertible note funding at $2.35 million, with investment that surpassed the target of $2.2 million indicating strong affirmation of the company's strategy to offer integrated technology solutions that enhance independence for older adults.

The additional $750,000 in backing disclosed today comes on top of $1.6 million in seed-round venture capital funding Independa announced last September. The company is now engaged in discussions with venture capital firms and strategic investors on a round of equity-based venture capital. 

CEO Kian Saneii said the company will use the funds to expand sales, support and engineering operations, as well as marketing efforts aimed at broadening its customer base. Independa is one of 22 companies that are being nurtured in the San Diego-based business incubator, EvoNexus™.

Independa enables elderly care recipients to live in their current residences longer, safer and more comfortably – reducing costs, complexity and anguish while improving the lives of the care recipients and their caregivers alike. "The fact that we attracted funding that exceeded our goal further validates the growing acceptance of Independa solutions," Saneii said. 

Saneii pointed to the recent agreement with LivHOME Inc. to offer Independa's Integrated CloudCare services that incorporate social engagement and remote monitoring for health and safety. This is in addition to Independa's strategic relationship with LG Electronics to deploy Independa's Angela™ applic
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SOURCE Independa, Inc.
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