About Glasses Direct
Glasses Direct is a company based in Swindon (United Kingdom) founded in 2004.. Glasses Direct has raised $12.98 million across 1 funding round from investors including Highland Capital Partners, Index Ventures and Acton Capital. The company has 176 employees as of December 31, 2020. Glasses Direct has completed 1 acquisition, including LensOn. Glasses Direct offers products and services including Prescription Glasses, Sunglasses, and Varifocal Lenses. Glasses Direct operates in a competitive market with competitors including SunGod, Bloobloom, Eyejusters, Coral Eyewear and Cambridge Spectacle, among others.
- Headquarter Swindon, United Kingdom
- Employees 176 as on 31 Dec, 2020
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Sectors
Retail
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Myoptique Group Ltd
- Date of Incorporation 27 May, 2004
- Jurisdiction BRISTOL, ENGLAND
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Annual Revenue
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Net Profit
$-11.33 M (USD)76as on Dec 31, 2018
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EBITDA
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Total Equity Funding
$12.98 M (USD)
in 1 rounds
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Latest Funding Round
$12.98 M (USD), Series B
Apr 21, 2009
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Investors
Highland Capital Partners
& 2 more
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Employee Count
176
as on Dec 31, 2020
- Investments & Acquisitions
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Products & Services of Glasses Direct
Glasses Direct offers a comprehensive portfolio of products and services, including Prescription Glasses, Sunglasses, and Varifocal Lenses. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Online platform for purchasing customizable prescription lenses and frames.
Selection of prescription and non-prescription sunglasses with UV protection.
Specialized lenses for vision correction available in various coatings.
Funding Insights of Glasses Direct
Glasses Direct has successfully raised a total of $12.98M through 1 strategic funding round. The most recent funding activity was a Series B round of $12.98 million completed in April 2009. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series B — $13.0M
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First Round
First Round
(21 Apr 2009)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2009 | Amount | Series B - Glasses Direct | Valuation | Acton Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Glasses Direct
Glasses Direct has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Highland Capital Partners, Index Ventures and Acton Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital investment and entrepreneur support services.
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Founded Year | Domain | Location | |
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Venture capital investments in technology startups and entrepreneurs.
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Founded Year | Domain | Location | |
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Tech-enabled companies are invested in by Acton Capital venture firm.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Glasses Direct
Glasses Direct has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include LensOn. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Contact lenses and eyewear are sold online by LensOn.
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2004 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Glasses Direct
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Glasses Direct Comparisons
Competitors of Glasses Direct
Glasses Direct operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as SunGod, Bloobloom, Eyejusters, Coral Eyewear and Cambridge Spectacle, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Internet first brand offering eyewear for men & women
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| domain | founded_year | HQ Location |
Handcrafted eyewear including glasses and sunglasses is offered online.
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| domain | founded_year | HQ Location |
Private label brand of adjustable focus reading glasses
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| domain | founded_year | HQ Location |
Internet-first brand specializing in recycled eyewear.
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| domain | founded_year | HQ Location |
Operates a direct-to-consumer brand offering high-quality eyewear for men and women.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Glasses Direct
When was Glasses Direct founded?
Glasses Direct was founded in 2004 and raised its 1st funding round 5 years after it was founded.
Where is Glasses Direct located?
Glasses Direct is headquartered in Swindon, United Kingdom. It is registered at Swindon, Wiltshire, United Kingdom.
Is Glasses Direct a funded company?
Glasses Direct is a funded company, having raised a total of $12.98M across 1 funding round to date. The company's 1st funding round was a Series B of $12.98M, raised on Apr 21, 2009.
How many employees does Glasses Direct have?
As of Dec 31, 2020, the latest employee count at Glasses Direct is 176.
What does Glasses Direct do?
Glasses Direct was founded in 2004 and is based in Swindon, United Kingdom. Operations are conducted as an online retailer of prescription eyewear across Europe. Glasses for men and women are supplied, including options for prescription sunglasses, with all frames adaptable to prescription lenses. The company is owned by the Prescription Eyewear group, which also includes myOptique.com, SunglassesShop.com, and LensOn.com.
Who are the top competitors of Glasses Direct?
Glasses Direct's top competitors include SunGod, Bloobloom and Eyejusters.
What products or services does Glasses Direct offer?
Glasses Direct offers Prescription Glasses, Sunglasses, and Varifocal Lenses.
How many acquisitions has Glasses Direct made?
Glasses Direct has made 1 acquisition, including LensOn.
Who are Glasses Direct's investors?
Glasses Direct has 3 investors. Key investors include Highland Capital Partners, Index Ventures, and Acton Capital.