Warby Parker, the Eyewear Seller, Raises $75 Million
- By Michael J. de la Merced, March 14, 2018
Warby Parker opened its website eight years ago and quickly became one of the inspirations for a generation of e-commerce brands aiming at a younger, hipper customer base.
Now the eyewear retailer has raised another slug of money — with some coming from a big investor with a history of investing in companies that are close to a stock market listing.
Warby Parker announced on Wednesday that it had raised $75 million in a new round of financing led byT. Rowe Price, the mutual fund company, and including Baillie Gifford, the asset manager. It also disclosed that it had added Youngme Moon, a professor at Harvard Business School Who sits on the board of Unilever, as a new director.
The round values Warby Parker at about $1.7billion, excluding the new investment, according to a person briefed on the matter. It offers the latest sign of support for the company as it expands its eyewear business.
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https://www.nytimes.com/2018/03/14/b...ype=collection
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