Warby Parker

JAND doing business as Warby Parker, is an American online retailer of prescription glasses and sunglasses. The company primarily sells products through its website, but also features retail locations in the U.S. and Canada.

Warby Parker is a transformative lifestyle brand with a lofty objective: to offer designer eyewear at a revolutionary price while leading the way for socially conscious businesses.

Warby Parker was founded in 2010 in Philadelphia by Neil Blumenthal, Andrew Hunt, David Gilboa, and Jeffrey Raider. The company is headquartered in New York, New York.

Warby Parker designs their product in-house, and sell directly to consumers through their website, stores, and interactive showrooms. 

Warby, by engaging directly with consumers, are able to offer ultra-high-quality, vintage-inspired frames for $95 including prescription lenses and shipping. The company has expanded into new product lines, including sunglasses and children’s frames, as well as expanding its footprint with physical stores. Warby Parker currently has 125 stores across the U.S. and in parts of Canada.

 

Warby has also launched a telehealth service for New York customers, allowing them to extend an existing glasses or contacts prescription through a virtual visit with a Warby Parker OD, and expanded its Prescription Check app to new states. In 2019, Warby launched a virtual try-on feature that uses AR to allow customers to see their selected frames on their own face.

 

Warby is backed by T. Rowe Price, Wellington Management, Tiger Global Management, D1 Capital Partners, Durable Capital Partners, Baillie Gifford, American Express, and others. The company raised $245M (as a combination of $125M Series and $120M in Series G) financing round on Aug 27, 2020. This brings Warby's total funding to $535.5M to date. The latest round values the company at $3B post-money. Warby was previously valued at $1.75B after it had raised its Series E fundraising on Mar 14, 2018.

 

Warby has also acquired Maisonette & Properly on May 17, 2018 and on. Oct 24, 2018 respectively. In 2015, Fast Company named the company the #1 Most Innovative Company. In 2019, the company introduced a virtual try-on augmented reality app, which was recognized as one of the "100 Best Inventions of 2019" by Time. 

 

 

  • Year founded: 2010
  • Funding Info: $535.5M over 9 Rounds (Latest Funding Type: Series G)
  • Yearly Revenue: NA
  • Employee Size: 1,001-5,000
  • Business Valuation: Valued at $3B as of August 27, 2020
  • City/Town: New York
  • State: New York
  • Country: United States
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