Pebble’s all new watch, the Pebble Time, launched on Kickstarter to much fanfare last month and has closed today with more than $20.3 million in funding.
Pebble Time features a color e-ink display, seven day battery life, a 20 percent thinner body and waterproof capabilities. The watch was available during the Kickstarter campaign for $179 instead of the retail price when it fully launches at $199.
The company raised $20,338,986 from 78,471 backers over the space of a month.
Pebble Time’s campaign broke two Kickstarter records; the first on the launch day for becoming the fastest project to raise $1 million (it took just 49 minutes) and the second the following week when it became Kickstarter’s most-funded campaign (ahead of the Coolest Cooler at $13 million).
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The new watch will start shipping to Kickstarter backers this May.
➤ Pebble Time [Kickstarter]
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