Kiio, formerly known as KayO, filed documents with the SEC showing it raised $510,000 of an anticipated $1.1 million loan in hopes of moving its sole product (also called Kiio) closer to market. Kiio is a wireless sensor for physical therapists that attaches to an exercise band or rope and measures the force with which the band is being pulled by a patient.
The money will be used for operations and development. The company is a spinoff of Lifeline USA, a fitness equipment company started by Madison native Bobby Hinds in 1973.
