Chronos turns almost any watch - Timex or Rolex - into a smartwatch. No need to buy a fitness tracker or Apple Watch, just attach the approximately quarter-size Chronos disc to the back of the watch you already love. Track steps and activity, receive personalized filtered notifications, and control your phone and music all from your favorite timepiece.
A FEW KEY STATS ON THE CHRONOS DISC
- A discreet device that attaches to the back of your watch with micro-suction that leaves no residue, transforming it into a connected timepiece
- <3mm thin
- Fits over 80% of watches sold today
- $129 MSRP
36-hour battery life
- Multiple design and utility patents pending
Chronos delivers notifications, tracks fitness and controls phone functions. Users can filter down notifications via unique vibrations and optional light patterns for select contacts, phone calls and calendar invites. Chronos also tracks steps and activity throughout the day and can sync data with the Chronos App or other health applications. Chronos technology allows users control of their phones through their watch, by letting users instantly silence calls, skip songs, take photos or find their phone when it's misplaced, all by simply tapping their watch.
Chronos believes that watch companies know they need to make their products smart, but lack the expertise to do so. Chronos aims to be the OEM technology partner to the watch industry by integrating their technology into the watch. Major U.S. watch manufacturers are already exploring integration partnerships with Chronos in advance of Chronos' launch spring/summer 2016 (details confidential). They aim to leverage the design expertise and distribution of major watch brands, and believe that doing so may allow them to power more wearables than any other consumer brand in the market.
I (Mark Nichol) fell in love with watches when my wife gave me a watch on our wedding day. It’s a classic-looking Reconvilier and I wear it on a daily basis. I was also an early adopter of fitness trackers and I loved tracking my steps and activity but I was always left frustrated because these extra bands didn't look good next to my watch, I didn't want to replace my watch with them and they were another thing to remember. Wasn't there a way I could have both? That's when I started Chronos and found my co-founder Luke Fromowitz, and 18 months later, we have created the thinnest wearable device in the world that transforms any watch into a fully connected timepiece.
Frequently Asked Questions
When you complete your investment on SeedInvest, your money will be transferred to an escrow account where an independent escrow agent will watch over your investment until it is accepted by Chronos Wearables. Once Chronos Wearables accepts your investment, and certain regulatory procedures are completed, your money will be transferred from the escrow account to Chronos Wearables in exchange for your shares. At that point, you will be a proud owner in Chronos Wearables.
Preferred equity is usually issued to outside investors and carries rights and conditions that are different from that of common stock. For example, preferred equity may include rights that prevent or minimize the effects of dilution or grants special privileges in situations when the company is sold.
A convertible note is a unique form of debt that converts into equity, usually in conjunction with a future financing round. The investor effectively loans money to a startup with the expectation that they will receive equity in the company in the future at a discounted price per share when the company raises its next round of financing.
To learn more about startup investment types check out “How to Choose a Startup Investment” in our academy.
To make an investment, you will need the following information readily available:
- Personal information such as your current address and phone number
- Employment and employer information
- Net worth and income information
- Social Security Number or government-issued identification
- ABA bank routing number and checking account number (typically found on a personal check or bank statement)
Until a closing occurs, you may cancel your investment at any time, for any reason. You will receive an email when the closing occurs and your shares have been issued. If you have already funded your investment and your funds are in escrow, your funds will be promptly refunded to you upon cancellation. To cancel your investment, please go to your portfolio page.
Currently there is no market or liquidity for these shares. Right now Chronos Wearables does not plan to list these shares on a national exchange or another secondary market. At some point Chronos Wearables may choose to do so, but until then you should plan to hold your investment for a significant period of time before a “liquidation event” occurs. A “liquidation event” is when Chronos Wearables either lists their shares on an exchange, is acquired, or goes bankrupt.
You can return to SeedInvest at any time to view your portfolio of investments and obtain a summary statement.
This is Chronos Wearables's fundraising profile page, where you can find information that may be helpful for you to make an investment decision in their company. The information on this page includes the company overview, team bios, and the risks and disclosures related to this investment opportunity.
This investment is highly speculative and should not be made by anyone who cannot afford to risk the entire investment amount. In addition to these risks, you should carefully consider the specific information and risks disclosed in Chronos Wearables’s profile.