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Pebble Time smartwatch crowdfunds over $10m in 2 days on Kickstarter

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By John McCarthy | Media editor

February 26, 2015 | 3 min read

The newly announced Pebble Time smartwatch has raised a massive $10m on Kickstarter since it was launched on Tuesday (24 February) - reaching over 20 times the $500,000 target.

The wrist-bound wearable boasts a colour e-paper display affording it a battery life of up to seven days, perhaps capable of competing with the Apple Watch which Apple chief executive Tim Cook admitted will require daily charging.

The Pebble Time is set to retail once for $199 with donors to receive the devices early. Furthermore, the first 10,000 people will receive a discount on the gadget.

The Time will come with a microphone to enable voice commands and can host 6,500 apps and watch faces. Acknowledging the Time's status as a fashionable item, the whole kit will be entirely customisable with colourful straps.

To date, with 29 days left to the fundraising conclusion, the project has been backed by 47,907 people.

This comes after the firm launched its first smartwatch on Kickstarter in 2012 generating over $1.5m in a day, raising $10.3m in five weeks with tech publication the Verge dubbing it 'the best smartwatch you can buy'.

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