Brille24 Receives €7M Equity Investment from TIME Equity Partners

Published On September 10, 2012 |


Brille24, an Oldenburg, Germany-based online retailer of eyeglasses for women, men, and kids, has received a €7m equity investment from French growth investor TIME Equity Partners.

Thise tranche is part of a deal amounting to up to €12m.

The company intends to use the funding to continue to grow in Germany and expand internationally.

Founded in 2006 by Matthias Hunecke, who will remain the largest shareholder following the transaction, and led by CEO Mario Zimmermann and CFO Martin van Os, Brille24 is an e-retailer specialized in affordable high-quality prescription eyeglasses.

FinSMEs

10/09/2012

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