A San Francisco-based accelerator focused solely on wearable technology and the “Internet of Things” is raising $1.2 million, according to a filing with the SEC.
Wearable World, which launched its accelerator in 2013, incubates a variety of wearable developers, including several operating within the healthcare space, among them Google Glass healthcare app developers Remedy and Evermed.
So far, about $200,000 has been raised with another $1 million in equity remaining to be sold, according to the Form D.
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In its first year of operation, Wearable World Labs said it achieved a 90 percent fund rate, and a 100 percent Indiegogo crowdfunding rate. Its first class raised more than $5 million in investor backing, and more than $2.5 million from crowdfunding.
In other digital health accelerator funding news, Rock Health’s recently announced seed fund totals about $4.9 million, according to a Form D filed this week. The fund will go toward new Rock Health portfolio companies, which will get a 150 percent boost in capital investment, from $100,000 to $250,000.