MyOptique Group, a London, UK-based online optical retailer, secured an additional £16m (€20m) in a £35m (€43m) Series C funding.
Backers included new investors Korys and Beringea, existing investor Cipio Partners and Silicon Valley Bank, which joined initial Series C investors Acton Capital Partners, Highland Capital Partners and Index Ventures.
The company intends to use the funds to further expand marketing and development efforts, to expand into Europe and make acquisitions.
Led by Kevin Cornils, CEO, MyOptique Group is a full service optical business, providing branded and own brand prescription glasses, contact lenses and sunglasses via a portfolio of international websites including Glasses Direct, Sunglasses Shop, LensOn and MyOptique. The company’s gross retail sales for the year ended April 2014 were reported at £34m (€42m) and the business continued its growth into Europe, with non-UK sales now accounting for nearly two-thirds.
FinSMEs
23/06/2014