Eyewear innovator eSight adds iGan Partners to its VC funders


Personal vision innovator eSight Corp recently secured an investment from Canadian venture capital firm iGan Partners. The value of the financing round was not published. The Ottawa-based eSight’s eyewear solution captures live images through an embedded high-resolution camera that allows visually impaired people to see. Founded in 2006, the company previously received funding from FedDev OntarioFirst Leaside Visions II LP and MaRS Investment Accelerator Fund. It has also been backed by members of angel organizations Boston Harbor Angel, Capital Angel Network, Golden Triangle AngelNet and Angel One Investor Network.

PRESS RELEASE

iGan Partners invests in eSight

Toronto, ON, February 19, 2014 – iGan Partners is proud to announce its investment in eSight, a company that has developed breakthrough eyewear technology that enables people who are legally blind to actually see.

eSight eyewear has already had a life-changing impact on visually impaired people from age 7 to 90 (click here). The eyewear is designed for the more than 200MM people around the world whose vision loss can’t be corrected by drugs, surgery, or regular prescription eyewear.

The high-tech eyewear captures live images through an embedded high-resolution camera. The video is then processed and optimized using proprietary algorithms and delivered to the user in real-time onto LED screens in front of their eyes. The optimized video stimulates residual function in the eye and visual system, which is beneficial for a large subset of legally blind people. The company had a successful product launch in October 2013 and has developed key partnerships with leading organizations that support the blind including CNIB (formerly Canadian National Institute for the Blind), Foundation for Fighting Blindness, and Chicago Lighthouse for People Who Are Blind or Visually Impaired.

“We are very excited about eSight as this game changing technology will have a remarkable effect on the life of millions of people”, said Sam Ifergan, President of iGan Partners.

“We are thrilled to be working with the entrepreneurs at iGan Partners as they help us grow our company into a world leader in personal vision technology. The funds invested will be used for sales and marketing, and ongoing R&D”, said Kevin Rankin, CEO of eSight.

About eSight Corporation

eSight (@eSightCorp) is the first intelligent eyewear solution that enables the legally blind to actually see. The innovative, wearable, electronic assistive technology device is designed for people with vision (post corrective eyewear) between 20/60 and 20/600. eSight is already helping people with Macular Degeneration, Diabetic Retinopathy, Stargardt’s Disease, Ocular Albinism, Optic Neuropathy, and many other low vision conditions, to see. For more information, please visit www.esighteyewear.com.

Source: iGan Partners

Photo courtesy of Shutterstock

 

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