The latest round of Venture Capital funding for Warby Parker raised more than it’s previous three rounds of funding in total. It was led by Tiger Global Management, $60 million was raised, $5 million more than the total raised in the first three rounds of funding combined.
Involved were Pinnacle Invest Group with existing parties General Catalyst Partners, Spark Capital, First Round Capital and Thrive Capital were also participating.
Co-CEO Neil Blumenthal is very happy to see the latest participation on this round of funding, ‘It’s always a good sign when existing investors, especially seed, are making follow-on investments.’
Co-CEO David Gilboa, speaking with Fortune, had expressed that they felt the timing was not right for another round of financing, however, Lee Fixel from Tiger Global and also of the Warby Board would lead the the round of funding himself in order to ensure fundraising would not distract the company from moving forward .
Warby Parker started as an e-commerce business that has now expanded into physical eyewear stores.