BELLEVUE, Wash., May 23, 2019 /PRNewswire/ -- Innovega Inc.
("Innovega" or "Company"), a company developing stylish and
lightweight wearable displays that feature a high-resolution,
panoramic field of view for virtual and augmented reality,
today announced the successful closing of its first phase in a
convertible note bridge financing campaign conducted by SeedInvest
Inc., a New York-based
crowdfunding firm. The campaign yielded over $1 million from 42 accredited investors who will
join existing shareholders to spread the news of Innovega's
accomplishments.
"This initial phase of investment provides the capital needed to
deliver on near-term milestones," said Mr. Steve Willey, Co-Founder and Chief Executive
Officer of Innovega Inc. "This process of funding growth in managed
increments reflects our philosophy of capital efficiency that will
provide Innovega with the opportunity to secure a place as a key
contributor to the expansion of augmented, mixed and virtual
reality markets. Innovega's fashionable glasses and eye-borne
optics offer essential solutions to what is estimated to become a
$3.4 billion wearable display
sector."
The Company's current operations are focused on system
demonstrations, conducting independent wearer trials, patent
portfolio expansion, commercial supply chain development and
strategic partnering.
About Innovega Inc.
Innovega has developed a new generation of contact lenses that
enables the Company's strategic partners to deliver unprecedented
display performance from lightweight and stylish glasses. Its
eMacula™ system of stylish glasses and smart contact lenses
provides the user with a discreet, high-performance display
experience that goes beyond any available system. Innovega was
founded by prominent inventor and optometrist Jerome A. Legerton and former President of
Nasdaq-listed MicroVision, Inc. Stephen
Willey.
eMaculaTM – Enhanced Retina
Technologies
www.emacula.io
Investor & Media Inquiries:
Steve
Wille
215165@email4pr.com
888-661-5530
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SOURCE Innovega Inc.