ReleaseWire

A Kickstarter campaign to fund commercial production of a new multifunction demolition and construction tool, the Cole-Bar Hammer, has achieved 96% funding after just 22 days. Over 1,351 backers had pledged $96,853 of the project’s $100,000 goal, according to the project leader, Brandon Hyde and the tool’s inventor, Lance Hyde. The project had already proven popular on the funding platform—it had raised over $30,000 before the campaign was officially launched at the 2013 National Hardware Show on May 7.

Fundraising to launch commercial production of a new multifunction demolition and construction tool, the Cole-Bar Hammer, will be officially kicked off at the 2013 National Hardware Show, scheduled for May 7 - 9 in Las Vegas, Nevada. A combination hammer, crow bar, a demolition tool, angle measurement tool, ruler, a socket wrench and nail pliers, the Cole-Bar Hammer was a finalist in a DIY Network inventors competition. Popular Mechanics has called the tool,“The leatherman of hammers.”

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The Cole-Bar Hammer is a patented multi-tool that combines a hammer, crow bar, a demolition tool, angle measurement tool, ruler, a socket wrench and nail pliers. Over 1,600 individual donors have found the invention so compelling that they’ve pledged over $118,000 on Kickstarter.com toward manufacturing and marketing the tool. Donors who’ve chipped in at least $65 will get a Cole-Bar of their own from among the first few thousand made.

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A multifunction tool based on a combination hammer and crowbar has met its $100,000 Kickstarter goal with 30 days to spare. The crowd-funded campaign launched April 24 and ends June 24, 2013. “We are all amazed at the overwhelming positive response to the Cole-Bar and we are very excited about making the best tool that we can,” said the Cole-Bar team’s spokesperson, Brandon Hyde.

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