Connect with us


Innovega Plans $15M Online Public Offering

It’s working with SeedInvest, an equity crowdfunding platform.




BELLEVUE, WA — Innovega Inc., a company focused on wearable display technology with a panoramic field of view for virtual and augmented reality, has launched a reservations campaign for a planned $15 million online public offering.

By reserving shares, investors can indicate interest in investing and be first to know when the offering is live. The company is planning the Series A round with its partner, SeedInvest, an equity crowdfunding platform.

Innovega’s eMacula eyewear is a wearable display system that includes patented disposable soft smart contact lenses and a portfolio of smart glasses.

According to the company: “This combination system meets wearers’ parallel demands for lightweight, stylish eyewear and access to high-quality media with a high-resolution, panoramic field of view. eMacula provides a synthesis of features that is unavailable in other AR/VR glasses which are typically encumbered by heavy, obtrusive headsets or limited by a narrow or low-resolution display.”

The public offering proceeds will fund several initiatives:

  • The final phase of FDA clinical trials now in progress for smart contact lens market clearance.
  • Preparation for the launch for the first application of the system for the visually impaired including legally blind.
  • Expansion of Innovega’s patent portfolio and development.
  • Reference designs for subsequent markets.

Innovega’s business model enables established contact lens manufacturers to bring the eMacula system’s smart lenses to market and allows multiple manufacturing and distribution partners to commercialize its glasses, configured for many applications or use cases. Its patented portfolio of Enhanced Retina Technologies covers the system of smart contact lenses and glasses, including key sub-systems such as eye tracking, and is protected by 27 filed U.S. patent applications, of which 14 are issued.



Sun Pharma First Dry Eye Gets Personal Video Campaign

In this video, ophthalmologist Dr. Darrell White, talks about a recent patient who had seen numerous eye doctors before reaching his center. Her dry eye symptoms had persisted, to the point where she couldn’t work to support her family. As a dry eye patient himself, Dr. White could relate to her situation personally and took the time to listen carefully and address her issues.

Promoted Headlines





Get the most important news and business ideas for eyecare professionals every weekday from INVISION.


Most Popular