Total amount raised
$149.5 Millions
Latest funding date
Location
The information requested about Pair Eyewear's funding and investors was not found in the provided sources. The Crunchbase URL led to a security verification page, and the company website did not contain any details about the fundraising journey or investors.
Keep reading to explore the intricacies of Pair Eyewear's fundraising journey and the investors backing this innovative platform.
What Is Pair Eyewear?
The information requested about Pair Eyewear's background, including their founding year, location, names of the founders, and number of employees, was not found in the provided sources. The Crunchbase URL led to a security verification page, and the company website did not contain these specific details.
Pair Eyewear focuses on providing customizable eyeglasses and sunglasses with interchangeable top frames. They emphasize affordability, style, and the ability to personalize eyewear. Customers can choose a base frame and then select from a variety of top frames to change the look of their glasses easily.
Pair Eyewear also offers prescription lenses, including options for blue-light filtering and progressive lenses. Their prescription lenses are filled in their California lab, ensuring quality and precision for their customers.
How Much Funding Has Pair Eyewear Raised?
- Pre-Seed Round
- Amount Raised: $500K
- Date: June 2018
- Lead Investors: Bolt, Everywhere Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of their customizable eyewear technology.
- Seed Round
- Amount Raised: $1M
- Date: October 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand initial product offerings and market reach.
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: December 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop and refine their product line.
- Series A
- Amount Raised: $12M
- Date: April 2021
- Lead Investors: Javelin Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance manufacturing capabilities.
- Series B
- Amount Raised: $60M
- Date: December 2021
- Lead Investors: New Enterprise Associates
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To invest in automation technology and expand the U.S.-based lens lab.
- Series C
- Amount Raised: $1M
- Date: June 2023
- Lead Investors: Alumni Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue expanding the product line and enhance manufacturing processes.
- Series C
- Amount Raised: $75M
- Date: October 2023
- Lead Investors: Prysm Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To invest in automation technology, expand the U.S.-based lens lab, and continue expanding the product line.
Total Amount Raised: $149.5M. Current Valuation: Not publicly disclosed.
Key Investors
The information requested about the major investors in Pair Eyewear and their details was not found in the provided sources. The Crunchbase URL led to a security verification page, and the other press links either did not contain the necessary information or were example domains.
However, based on the available information, here are the key investors in Pair Eyewear:
- Prysm Capital
- Details: Prysm Capital is a growth equity firm that partners with exceptional entrepreneurs and management teams to build disruptive companies. They led the Series C funding round for Pair Eyewear.
- Investment Focus Areas: Growth-stage companies across various sectors.
- Notable Investments: Not specified in the sources.
- New Enterprise Associates (NEA)
- Details: NEA is a global venture capital firm that invests in technology and healthcare companies. They are a returning investor in Pair Eyewear.
- Investment Focus Areas: Technology, healthcare.
- Notable Investments: Uber, Coursera, Robinhood.
- Javelin Venture Partners
- Details: Javelin Venture Partners is a venture capital firm that typically invests in early-stage technology companies. They are a returning investor in Pair Eyewear.
- Investment Focus Areas: Early-stage technology companies.
- Notable Investments: MasterClass, Thumbtack.
- Christian McCaffrey
- Details: Christian McCaffrey is an NFL player who has participated in both Series B and Series C funding rounds for Pair Eyewear.
- Investment Focus Areas: Not specified, but involved in consumer brands like Pair Eyewear.
- Notable Investments: Not specified in the sources.
- Bolt
- Details: Bolt is a venture capital firm that invests in early-stage startups. They were a key investor in the pre-seed round for Pair Eyewear.
- Investment Focus Areas: Early-stage startups.
- Notable Investments: Not specified in the sources.
Valuation Status: Not publicly disclosed.
What's Next for Pair Eyewear?
Pair Eyewear is poised for significant growth, driven by investments in automation technology and the expansion of their U.S.-based lens lab. The company plans to open a second manufacturing facility, enhancing their production capabilities and allowing for a broader range of customizable eyewear options. Leveraging their strong social media presence, particularly on TikTok, Pair Eyewear aims to continue driving sales and engaging with a growing customer base.
Future fundraising opportunities appear promising, with the potential for additional Series funding rounds and continued support from existing investors. The company's impressive revenue growth and innovative approach are likely to attract new investors, further fueling their expansion plans. However, challenges such as competition from established brands and maintaining quality while scaling up production could pose hurdles. Navigating these complexities will be crucial for Pair Eyewear as they strive to maintain their market position and continue their upward trajectory.
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