- General
- August 27, 2020
- 3 minutes read
Brief: Warby Parker Raises $245 Million
Warby Parker CEO David Gilboa. Photo credit: Stuart Isett/Fortune Global Forum, under Creative Commons license Warby Parker, the famed online…
Warby Parker CEO David Gilboa.
Photo credit: Stuart Isett/Fortune Global Forum, under Creative Commons license
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Warby Parker, the famed online seller of prescription glasses and sunglasses, has closed $245 million in new funding, as first reported by TechCrunch. The funding came from investors including D1 Capital Partners, Durable Capital Partners, Baillie Gifford, and T. Rowe Price. According to reports, the new funding values Warby Parker at $3 billion. Before now, the New York-based company had raised $290 million in funding and was valued at up to $1.8 billion by investors.
Warby Parker, a 10-year-old company, has been considered as an IPO candidate for quite a time now. With the new funding, it seems that the company may be staying private for the main time.