Coloursmith develops proprietary optical filtering technology designed specifically for eyeglass and contact lenses, enabling colour enhancement and hazardous-light protection where few materials are currently compatible with ophthalmic lenses. Its unique method creates a wide variety of novel optical filters for lens manufacturers and contact lenses. The company has doubled its intellectual assets, tripled its workforce, opened an office in Innovacorp, and demonstrated its technology on the commercial stage during COVID. Coloursmith was founded in 2018 by Gabrielle Masone and is based in Halifax, Nova Scotia. It completed an oversubscribed $600,000 CDN pre-seed in June 2019 and an oversubscribed $2,000,000 CDN seed in July 2021. Funds from the seed round will be used to progress products to the global marketplace and grow the Atlantic Canadian team; the broader eyewear market was valued at $147.60 billion USD in 2020, indicating a sizable commercial opportunity. Coloursmith Labs develops a platform to create clinically beneficial optical filters for contact lenses. Its early-stage product pipeline includes filters to enhance color vision for the color blind and to protect eyes from harmful blue light. The company has built a prototype and has filed a patent related to its technology. Coloursmith is part of the Emera ideaHUB incubator at Dalhousie University and is led by CEO Gabrielle Masone. The team plans to use new funding to ramp up research capacity and advance development of its lens-enhancing filters. Coloursmith highlights interest from contact lens manufacturers and aims to address challenging vision problems within the contact lens market.

Total raised

$2M

Funding rounds

2

Latest round

Seed

Latest activity

Jul 2021