Kinopto Raises £35k in Equity Crowdfunding
Through the pitch, 21 backers have totally acquired a 15% stake in the company, which plans to launch a new playback server solution to the film exhibition market in 2012.
Founded in 2011 by Danny Jeremiah and Thomas Billings, Kinopto intends to use the funding to move from the current prototype stage to a fully functioning system. The company plans to raise a £30k second round in late 2012 for a further £30k. It is also in the process of applying for a Government R&D grant to bring new product solutions to the market.