Warby Parker, a New York-based eyeglasses and sunglasses retailer, raised $245m in funding.
The funding reportedly came from two previously undisclosed rounds, including:
- a $125m Series F funding led by Durable Capital Partners, which was closed earlier in 2020, and
- a $120m Series G funding led by D1 Capital, which was closed recently.
The deals, which also saw the participation from T. Rowe Price and Baillie Gifford, were raised at a post-money valuation of $3 billion.
The company intends to use the funds to continue to expand operations and its business reach.
Warby Parker is a lifestyle brand that provides direct-to-consumer prescription eyewear. The company’s products can be ordered online and tried on at home before purchase, enabling consumers to receive recommendations and test multiple styles for free.