Aug 27, 2020 - Economy & Business
Scoop: Warby Parker now valued at $3 billion
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.