Funding

Warby Parker Raises $100M

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What does Warby Parker do?

Warby Parker, is an ecommerce eye glass retailer, which designs and sells vintage inspired style eyeglasses and sunglasses. It was founded with a rebellious spirit and sells vintage inspired style eyeglasses and sunglasses. It creates classically crafted sunglasses and eyeglasses of boutique quality at a revolutionary price.

It is an American company which sells prescription eyeglasses and sunglasses and sells them only online, and has a limited number of showrooms in USA. Its intention to sell only online is to avoid the overhead costs of physical stores and thus the startup can lower the cost of the glasses significantly, generally to $95.

 

How much Warby Parker was funded?

Warby Parker raised $ 100M in Series D funding on April 30th, 2015 from T. Rowe Price, Tiger Global Management, Wellington Management and General Catalyst Partners.

Previous funding

  • $500k in Debt Financing on October 27th, 2010 from Summit Action Fund
  • $1.5M in  Seed round on July 6, 2011 from Davis Smith, Andrew Boszhardt, Jr., Jeff Fluhr, Lerer Hippeau Ventures, SV Angel and First Round
  • $12M in Series A on September 22, 2011 from Interplay Ventures, First Round, Menlo Ventures, Tiger Global Management, Lerer Hippeau Ventures and Thrive Capital
  • $41.5M / Series B in January, 2013 from Felicis Ventures, American Express, Grace Beauty Capital, Red Swan Ventures, Millard Drexler and General Catalyst Partners other investors.
  • $60M in Series C on December 20, 2013 from BoxGroup, General Catalyst Partners, Spark Capital, Thrive Capital, First Round and Tiger Global Management.

What is next for Warby Parker?

Warby Parker is going to use the funding for expanding its chain of retail stores, where the company generates an increasing portion of sales.  With the latest funding, the company stands at an evaluation of $1.2 billion.

More about Warby Parker

Warby Parker was found on January 1st, 2010 by Jeffrey Raider, Andrew Hunt,  David Gilboa and Neil Blumenthal. It has its headquarters in New York, NY.

 

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