Recon Instruments Raises $10M in Series A Funding

Funding Rounds

▤ Summary

Recon Instruments, a Vancouver, Canada and London, UK-based developer of Micro Optics Display (MOD) technology for outdoor sports, announced has raised $10m in Series A funding.The round was led by Vanedge Capital, with participation from Kopin Corporation.Led by CEO Dan Eisenhardt, the company has developed a multi-patent and patent-pending technology that integrates Micro Optics Display systems with state-of-the-art sensor and GPS technology, providing access to navigation, communication, and performance-based information.Recon Instruments intends to use the capital to further develop and commercialize its proprietary platform.Following its Android-powered MOD Live near eye product that provides skiers and riders with a variety of data including speed, navigation, jump analytics, buddy tracking, text messages, and even viewfinder functionality, the company plans to develop software for smartphones and other peripherals which provides users with both performance based information and communication solutions.

$ Funding

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Amount $10.0M Total raised
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Date January 18, 2012 Announcement date
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Investors Vanedge Capital, Kopin Lead investors
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Company http://www.reconinstruments.com Funded company

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