Boomerang Ventures Invests in KinetiTec
Summary
Boomerang Ventures invested in KinetiTec and supported a pre-seed round that has reached $475K of a $1 million target. KinetiTec develops SPARK, a cloud-connected mobility intelligence platform that combines in-bed hardware with clinical software for hospitals and rehab settings. The company also appointed Kathy Phlegar as CEO to lead clinical validation, commercialization, and market expansion. KinetiTec plans to use the funding to grow pilots, deepen EMR integration, and accelerate adoption across acute care, post-acute care, and eventually home recovery.
Funding
Amount
$1.0M
Total raised
Date
June 10, 2026
Announcement date
Investors
Boomerang Ventures
Lead investors
Company
kinetitec.com
Funded company
Classifications
industries
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applications
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