Following the success of its crowdfunding campaign, Omate Truesmart - a smartwatch with a built-in five megapixel camera - is set to go into production.
The watch raised more than $100,000 of pledges on fundraising site Kickstarter, guaranteeing it will get the cash.
Another watch, Pebble, secured a record $10.2m via the funding site last year.
Omate's achievement comes ahead of the much-anticipated launch of a smartwatch from Samsung.
The South Korean firm has confirmed it is working on the product and has filed patents for possible designs.
It has not announced when it will unveil the product, but its next scheduled event is at Berlin's Ifa consumer tech show in a fortnight's time.
Unlike many of the smartwatches already on the market, Omate says the Truesmart can be fitted with a micro-Sim card to make use of its 3G chip.
This will allow it to make voice calls and send social media messages without having to be paired with a smartphone or tablet - although that is also an option.
One of Omate's three co-founders told the BBC that the project had been in development for one-and-a-half years and that they already had a factory in Shenzhen, China ready to go into production.
"We already have working prototypes, but not the final design," said Nick Yap.
"Most of the functions are there but we still need to add voice and gesture controls.
"There will be a swipe-based touch function and another when you move, like Nintendo's Wii games control. For example you will be able to flick your wrist to show the clock."
He added that his company planned to make samples of the finished product next month and to ship the first watches to customers in October.
The planned retail price is $299 (£190)