There is a forgetful functor from K-Vect to Ab, the category of abelian groups, which takes each vector space to its additive group. This can be composed with forgetful functors from Ab to yield other forgetful functors, most importantly one to Set.
K-Vect is a monoidal category with K (as a one dimensional vector space over K) as the identity and the tensor product as the monoidal product.