Two New Wearables Join the Million Dollar Crowdfunding Club: Avegant’s Glyph and the Lumo Lift

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In the words of Mugatu from the classic comedy Zoolander, Wearables are “So Hot Right Now”. But some are making a bigger splash getting to market than others. This week two new devices, Avegant’s Glyph and the Lumo Lift, made waves with raising over one million dollars in pre-orders, earning them a seat in the small but growing number of wearable companies part of the million-dollar crowdfunding club.

Michgan-based Avegant has definitely hit a sweet spot with its wearable the Glyph, a pair of retina-beaming virtual reality glasses which promise an immersive entertainment experience. Avegant successfully raised 100% of their Kickstarter campaign goal of $250,000 in just over four hours of being live and had doubled it in just two days. The company still has over a week left on the clock and has raised a whopping $1.1 million dollars.

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Lumobody Tech’s Lift is not the first device the company has put up to the crowd to fund. Back in August of 2012, the company raised just over $200,000 for their first device, the Lumoback back sensor, on Kickstarter. The company decided to accept pre-orders for their new shoulder-slouching sensor, the Lift, on their website with resounding success. The Lumo Lift has over 15,000 pre-orders and has blown past their original $200,000 goal with over $1.1 million dollars raised with just under a day left to go.

The Glyph and Lift join an impressive group of wearables that have all killed their funding goals by raising more than one million dollars for their tech. Here are five others that are part of this club.

Pebble: The Smartwatch That Started It All
Funded May 18, 2012 on Kickstarter
Original Goal: $100,000
Total Raised: $10,266,845

Oculus Rift: The First Truly Immersive VR Headset
Funded September 1, 2012 on Kickstarter
Original Goal: $250,000
Total Raised: $2,437,429

Emotiv Insight: The Headset For Better Brain Performance
Funded September 15, 2013 on Kickstarter
Original Goal: $100,000
Total Raised: $1,643,117

Omate TrueSmart: The Water-Resistant Standalone Smartwatch
Funded September 20, 2013 on Kickstarter
Original Goal: $100,000
Total Raised: $1,032,352

Kreyos Meteor: The Voice and Gesture Smartwatch 
Funded August 12, 2013 on Indiegogo
Original Goal: $100,000
Total Raised: $1,502,310

Tom Emrich

Tom Emrich

As a writer, consultant and community builder, Tom Emrich uses his passion for new technologies to act as a catalyst to bring on the future. He founded We Are Wearables, an organization that rallies the tech community together to learn, discuss and celebrate the wearable tech space in order to foster adoption and facilitate innovation. We Are Wearables currently has chapters in Toronto and Chicago. Tom writes regularly about wearables and other emerging technologies for MobileSyrup, BetaKit and Designers of Things. He also works with startups, and large organizations as an advisor and consultant offering assistance on product development, marketing and organizational strategy.