Warby Parker Raises $60 Million in Series C Funding
Dec 22, 2013 00:10
Warby Parker raised $60 million in a Series C round of funding, according to Fortune. It 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.
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 brick-and-mortar stores.
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