Warby Parker Raises Another $60 Million to Fulfill Its Vision
Warby Parker has raised another $60 million in a Series C round of funding, the company confirmed to Mashable on Friday.
The latest funding round, which was first reported by Fortune, was led by Tiger Global Management, a previous investor, and brings the company's total funding to well over $100 million since it was founded in 2010
In an interview with Fortune, Warby Parker's top execs said Tiger Global had recently offered to lead a new round of financing quickly to allow the startup to focus more on its business rather than fundraising. "We wanted to bulletproof our balance sheet," Dave Gilboa, cofounder and co-CEO of Warby Parker, told Fortune.
Warby Parker initially launched as an ecommerce service for eyewear and has since expanded into bricks-and-mortar stores. The company has not disclosed sales figures to date, though it did reveal in mid-2013 that it had donated 500,000 eyeglasses as part of an ongoing effort to give away one pair for every pair that consumers buy.
UPDATE 2:28 pm E.T. An earlier version of this article stated that Warby Parker had launched an offshoot brand this year called Harry's, which sells men's grooming supplies. Harry's was started by one of Warby Parker's cofounders but is not affiliated with the company. We regret the error.
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