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

ation through LG commercial TV sets available to residents of independent living and assisted living facilities. Angela offers a suite of video calling, messaging, notifications, reminders and other services that enable elderly users to keep in touch with professional and family caregivers.

"These are exciting times for Independa. In addition to our announced partnerships with LivHOME and LG, and continually adding solutions to our highly integrated offerings, we are pursuing other opportunities for growth," Saneii said. "It's both rewarding and humbling to be recognized as the poster child for success in technology-enabled independent living. We're thrilled to be a part of this expanding connected health market beginning to take off in the United States and globally."

The latest investment comes from new and previous funders. Southern California venture capital firms Miramar Venture Partners and City Hill Ventures™, which participated in the earlier seed round, increased their investment positions. In addition to the $2.35 million raised to date, Independa announced in September that it had received $200,000 in debt financing from Silicon Valley Bank (NASDAQ: SIVB).

About Independa, Inc.

Independa offers integrated technology-enabled independent-living solutions for the elderly. Independa's best-of-breed Integrated CloudCare services enable organizations and individuals to cost-effectively help the elderly to remain independent longer, safer and more comfortably. The company, which has been featured in Entrepreneur Magazine, provides holistic solutions that seamlessly operate across otherwise not connected devices, such as telephones, tablets, touchscreen computers and TVs. Services include medication and appointment reminders, support for activities of daily living, comprehensive social engagement benefits, and
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SOURCE Independa, Inc.
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