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KinoTek Inc., a Portland-based developer of a digital health platform that uses computer-vision technology for body-motion assessment, said Tuesday that it has raised $600,000 in a pre-seed funding round that was oversubscribed. The company was founded in 2018 by University of Maine students Justin Hafner and David Holomakoff, who won the Greenlight Maine Collegiate Challenge in 2019. In Tuesday s announcement, KinoTek said it will use funding raised in its first round to launch its first product, called Move.ly, to the public later this year. Investors include IeAD Sports and Health Tech Partners, Tavistock Group, Maine Technology Institute and independent angel investors. “Every dollar of this round is what we consider ‘smart money, said Hafner. Each investor adds immense value to our company an allows us to build a strong foundation for future growth.” He also referred to the closing of the first funding round as a testament to the team s hard work throughout the p

United statesUniversity of maineDavid holomakoffKatie shoreyJustin hafnerJim neugerChristoph sonnenRoux instituteHealth tech partnersMaine technology instituteKinotek incTavistock groupAd sports health tech partnersMaine collegiateNortheastern universityRoux institute startup residency