KinoTek Inc. is bringing their digital health business to Lake Nona and beyond. leAD Sports & Health Tech Partners, Tavistock Group, Maine Technology Institute (MTI), and various independent angel investors provided the pre-seed money for the organization to publicly launch Move.ly, their first official product. This is only the first round of funding for this groundbreaking technology startup.
The group, founded by college students Justin Hafner and David Holomakoff in 2018, utilizes Artificial Intelligence (AI) and computer vision to analyze body movements and mechanics to better help their patients. It provides data that is otherwise inaccessible; this can enrich the patient experience, increase engagement, and result in higher revenue for clinicians.
Hafner and Holomakoff began the venture from the University of Miami, where they studied kinesiology and biomedical engineering. Their backgrounds and academic focuses make them entirely capable of success with their innovative product.
The funding from Tavistock, MTI, and leAD will add to a successful year for KinoTek: After induction to the leAD Lake Nona Sports & Health Tech Academy, a partnership with Microsoft, and a brand new board of directors, this startup is well on its way to becoming a common name in innovative health tech.
“Every dollar of this round is what we consider ‘smart money.’ Each investor adds immense value to our company and allows us to build a strong foundation for future growth,” Hafner said. “Closing this first round of funding is a major milestone, a testament to the team’s hard work throughout the pandemic and proof of the growing startup ecosystem in Maine.”
KinoTek’s investors are equally excited for their partnership. According to MTI President Brian Whitney, “MTI has been pleased to play a small role in KinoTek’s journey, from awarding them the $25,000 prize for winning the inaugural season of Greenlight Maine’s College Series, to providing them small grants for customer discovery and beta testing work, to participating in their recent pre-seed financing round. The company and the product have made great strides and we look forward to helping them continue to grow and succeed as another innovative company in the MTI portfolio.”
“What drew us to KinoTek was their well-rounded team and cutting-edge technology,” said co-founder and CEO Christoph Sonnen of leAD Sports & Health Tech Partners. “Their goal of empowering professionals and patients to better understand human movement has the potential to truly disrupt this industry. Now, it’s all about executing and bringing their vision to life.”
With a team of strategic investors and some serious traction, we are sure to see more from KinoTek and their new product, Move.ly.
Photos Courtesy of KinoTek Inc.