12 years ago

MyOptique Group Raises £8 Million for International Expansion

  • MyOptique Group, a leading online optical retailer in Europe, has secured £8 million in funding to fuel its international expansion plans and potential acquisitions

  • The round was led by existing investors Acton Capital Partners, Highland Capital Partners, and Index Ventures, with new investors Cipio Partners and GP Bullhound Sidecar joining

  • MyOptique Group, headquartered in London, includes several ecommerce properties in the online optical market and was rebranded from Prescription Eyewear Ltd earlier this year

  • The company has served over 800,000 customers and is expected to achieve Gross Retail Sales of revenues of over £35 million ($57m) this year.

      • ProblemConsumer Goods

      "The problem MyOptique Group is trying to solve is to increase their competitive advantage in the online optical retail market through aggressive international expansion and potential acquisitions."

      Solution

      "MyOptique Group is offering a full-service optical provider across all key categories, including prescription glasses, sunglasses, and contact lenses, and curating a premium optical boutique with a highly curated selection of products, while also developing leading eyewear brands."

      Covered on