Smartwatch breaks record for Kickstarter funding

An electronic paper watch designed by a Canadian entrepreneur to work alongside smartphones has raised more than $3m (£1.8m; 2.2m euros) in less than a week on net funding site Kickstarter.

It is a record for the site which crowdsources cash to fund start-ups.

Eric Migicovsky initially sought $10,000 over a five-week period but the total, six days in, now stands at $3.4m.

It is the fifth Kickstarter project to make more than $1m.

The Pebble watch reached the $1m mark in 28 hours. The firm behind the device, which has been designing smartwatches for three years, said that it was blown away by the support — via redwolf.newsvine.com