About Lensabl
Lensabl is a company based in Los Angeles (United States) founded in 2015 was acquired by Visibly in May 2024.. Lensabl has raised $5.42 million across 3 funding rounds from investors including Go Visibly, Crowdsmart and Rogue Venture Partners. The company has 15 employees as of December 31, 2022. Lensabl offers products and services including Lens Replacement, Designer Frames, and Contact Lenses. Lensabl operates in a competitive market with competitors including GlassesUSA, Jetlenses, EyeBuyDirect, Glasses.com and Befitting, among others.
- Headquarter Los Angeles, United States
- Employees 15 as on 31 Dec, 2022
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Sectors
Retail
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Lensabl, Inc.
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Annual Revenue
$00as on Sep 25, 2018
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Net Profit
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EBITDA
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Total Equity Funding
$5.42 M (USD)
in 3 rounds
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Latest Funding Round
$2.42 M (USD), Series A
Oct 23, 2019
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Investors
Go Visibly
& 8 more
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Employee Count
15
as on Dec 31, 2022
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Acquired by
Visibly
(May 24, 2024)
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Products & Services of Lensabl
Lensabl offers a comprehensive portfolio of products and services, including Lens Replacement, Designer Frames, and Contact 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 service for replacing lenses in frames
Sale of branded frames like Ray-Ban
Purchase of lenses from brands like Acuvue
Funding Insights of Lensabl
Lensabl has successfully raised a total of $5.42M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $2.42 million completed in October 2019. 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 3
- Last Round Series A — $2.4M
- First Round First Round
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2019 | Amount | Series A - Lensabl | Valuation |
investors |
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| Oct, 2018 | Amount | Series A - Lensabl | Valuation | Rogue Venture Partners | |
| May, 2017 | Amount | Seed - Lensabl | Valuation | Amplify , Luma |
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| 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 Lensabl
Lensabl has secured backing from 9 investors, including venture fund and institutional investors. Prominent investors backing the company include Go Visibly, Crowdsmart and Rogue Venture Partners. 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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Founded Year | Domain | Location | |
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Early-stage US tech investments are made by Aspect Ventures.
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Founded Year | Domain | Location | |
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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 Lensabl
| 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 |
Financial Statements - Lensabl
| 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 |
Lensabl Comparisons
Competitors of Lensabl
Lensabl 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 GlassesUSA, Jetlenses, EyeBuyDirect, Glasses.com and Befitting, 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 |
Eyewear including eyeglasses, sunglasses, and contacts is retailed online.
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| domain | founded_year | HQ Location |
Eyewear accessories are retailed online by Jetlenses.
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| domain | founded_year | HQ Location |
Online store selling prescription eyewear
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| domain | founded_year | HQ Location |
Sunglasses and prescription eyewear are sold online by Glasses.com.
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| domain | founded_year | HQ Location |
Online platform selling eyeglasses, sunglasses, and contact lenses with insurance options.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Latest news on Lensabl
Frequently Asked Questions about Lensabl
When was Lensabl founded?
Lensabl was founded in 2015 and raised its 1st funding round 2 years after it was founded.
Where is Lensabl located?
Lensabl is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
Is Lensabl a funded company?
Lensabl is a funded company, having raised a total of $5.42M across 3 funding rounds to date.
How many employees does Lensabl have?
As of Dec 31, 2022, the latest employee count at Lensabl is 15.
What does Lensabl do?
Lensabl was founded in 2015 and is headquartered in Los Angeles, United States. Operations are conducted as an online retailer in the eyewear sector, where prescription lenses and frames are provided. The catalog features items such as prescription sunglass lenses and anti-glare glasses for computer use. Customization is enabled for users to select lens type, thickness, color, and additional specifications. Services are delivered digitally to customers across the United States.
Who are the top competitors of Lensabl?
Lensabl's top competitors include GlassesUSA, Jetlenses and EyeBuyDirect.
What products or services does Lensabl offer?
Lensabl offers Lens Replacement, Designer Frames, and Contact Lenses.
Who are Lensabl's investors?
Lensabl has 9 investors. Key investors include Go Visibly, Crowdsmart, Rogue Venture Partners, Aspect Ventures, and Cherry Tree Capital.
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