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Pebble breaks Kickstarter records, raises whopping $20.3 million

Pebble has support of customers and supporters, generating $20.3 million on Kickstarter in one month
By: Michael Hatamoto | Wearable Computing News | Posted: Mar 29, 2015 11:15 pm

The Pebble Kickstarter campaign has ended, and it looks like people are firmly behind the smartwatch wearable company. Most of the generated $20.3 million in funding came from pre-orders of the Pebble Time smartwatch, which customers can expect to begin receiving in May.

 

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It took only 49 minutes to raise $1 million, smashing the first Kickstarter record, and became the best funded campaign one week later - receiving $13.3 million total.

 

"We cannot thank the Pebble community enough for their monumental support," said Eric Migicovsky, CEO of Pebble. "We continue to listen to and be inspired by the backers who believed in us and supported our vision from day one."

 

The original Pebble Watch generated $10 million from 69,000 people in a crowdfunded effort - and the smartwatch and wearables momentum has only helped support Pebble further.

NEWS SOURCES:Money.cnn.com, S3.amazonaws.com

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