Aug 27, 2020 - Economy

Scoop: Warby Parker now valued at $3 billion

Illustration of glasses on pile of money

Illustration: Eniola Odetunde/Axios

Warby Parker, a New York-based eyeglasses designer and retailer, raised $245 million in new funding at a $3 billion valuation, Axios has learned from a source familiar with the company's finances.

Between the lines: Warby had been widely viewed as a 2020 IPO candidate, but seems to have opted to remain private longer due to both the pandemic and some struggles for other direct-to-consumer personal product brands.

  • Investors in the round included D1 Capital Partners, Durable Capital Partners, T. Rowe Price.
  • The company previously raised a total of $290 million, including a $75 million infusion in early 2018 at a $1.75 billion valuation.
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