MyOptique Group Raises £8M in Financing

MyOptique Group, a London, UK-based online optical retailer, raised £8m in financing.

The round was led by Acton Capital Partners, Highland Capital Partners and Index Ventures with participation from new investors Cipio Partners and GP Bullhound Sidecar. In conjunction with the funding, Maurice Helfgott, founder and chairman of Amery Capital, joined as chairman. Jamie Murray Wells steps down as Director and Chairman following the sale of the majority of his shares to Cipio Partners.

The company intends to use the funds for both further growth and potential acquisitions.

Led by Kevin Cornils, Chief Executive, MyOptique Group is an online optical retailer selling prescription glasses (Glasses Direct, MyOptique), sunglasses (Sunglasses Shop) and contact lenses (LensOn). Rebranded from Prescription Eyewear Ltd earlier this year, the company has also developed two leading eyewear brands, London Retro and Scout.
This year the group is expected to achieve Gross Retail Sales of revenues of over £35m ($57m).



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