The project first went up on the Kickstarter site in late April and had a modest goal of raising $100,000 in a month. But in the first day, the watch met its goal and has climbed steadily ever since.
The watch has whipped people into such a frenzy because it features a sleek electronic paper display that is optimized for reading while in the sun. It is also waterproof and available in several colors, including white and red, and wearers can customize the interface with a variety of applications.
Eventually, the company said, they will sell the watches through a Web shop. But their first priority will be getting the first shipment of watches to their fans who financed the creation of the device through Kickstarter.
“We’ve thought a lot about this decision, and we feel it’s time,” wrote the company in an update on its Kickstarter project page. “You, our backers, were the first group of people to believe in Pebble, and we want to return our focus to creating the most awesome watch possible for you.”