Venture Capital News: X2IMPACT Snares Funding
SEATTLE, WA, Kodiak Financial Group, a privately held New York-based investment company, has announced its investment in X2IMPACT, a Seattle-based technology company.
Kodiak Financial Group LLC, a privately held New York-based investment company, has announced its investment in X2IMPACT, a Seattle-based technology company whose mission is to provide useful and affordable technology systems to help stop the epidemic of Sports Brain Injury (SBI) in contact sports. X2IMPACT is the creator of the world's first instrumented mouth guard designed to monitor real time head impacts that cause SBI in contact sports.
"As a business person and a parent of children who participate in athletics, it's a privilege to support a company that is doing something so revolutionary in the realm of sports safety," said Rob Rosen, founder and managing member of Kodiak Financial Group. "Christoph and his team at X2IMPACT are uniquely positioned to provide a much needed solution to an ever growing, far reaching problem. The technology X2IMPACT is developing will change sports for the better and we're pleased to be part of its development."
X2IMPACT, founded by Christoph Mack and Rich Able, is developing head impact monitoring systems that characterize linear and rotational acceleration events via wireless communication to sideline display devices. The system's cloud-based software then analyzes, tracks and reports potential SBI impact in real time, alerting coaches, trainers and parents of hits to the head and assists in making bench versus play decisions.
"We're thrilled about this partnership and involvement with Kodiak," said Christoph Mack, President and CEO of X2IMPACT. "Partnership with visionary investment firms like Kodiak is of critical importance to X2's ability to bring our technology to the world with both the speed and uncompromising standard of quality our mission requires."
X2IMPACT systems are currently in pre-production phases with a number of schools and professional sports teams, with market launch targeted for summer 2012. For more information, visit http://www.X2IMPACT.com.
About Kodiak Financial Group LLC
Founded in 2004, Kodiak Financial Group LLC is a privately held investment vehicle primarily focused on venture capital, special situation real estate lending and property acquisition. Kodiak Financial Group is the manager of Kodiak Venture Holdings LP which seeks to invest in early stage, socially conscious companies with extraordinary potential.
X2IMPACT is a Seattle-based technology company developing impact monitoring systems designed to provide real time, high quality information about head impact events that cause sports brain injury (SBI). The X2IMPACT Shock Sensing Mouth Guard System incorporates an array of sensors into form-fit mouth guards that report linear and rotational acceleration levels via wireless communication to sideline display devices. The system's cloud-based software then analyzes, tracks and reports potential SBI impact events in real time, placing them in context of the individual player's recent impact history to help coaches, trainers, and parents better understand and manage youth athletes' brain health. X2IMPACT'S mission is to provide useful, affordable product systems to help stop the epidemic of SBI in youth, high school and NCAA contact sports. For more information, visit http://www.X2IMPACT.com
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