About SPY
SPY is a company based in Carlsbad (United States) founded in 1994 was acquired by Safilo in April 2026.. SPY has raised $4.65 million across 6 funding rounds from investors including Siena Lending Group, Safilo and Bolle. The company has 72 employees as of December 31, 2022. SPY offers products and services including Sunglasses and Goggles.
- Headquarter Carlsbad, United States
- Employees 72 as on 31 Dec, 2022
- Stage Public
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Sectors
Consumer
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Spy Optic Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$4.65 M (USD)
in 6 rounds
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Latest Funding Round
$10.51 M (USD), Debt – Conventional
May 01, 2019
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Investors
Siena Lending Group
& 2 more
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Employee Count
72
as on Dec 31, 2022
- Acquired by
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Products & Services of SPY
SPY offers a comprehensive portfolio of products and services, including Sunglasses and Goggles. 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.
Sunglasses are produced and distributed by SPY Optic for everyday and specialized uses, including polarized and safety variants
Goggles are supplied by SPY Optic for snow and motocross activities, along with replacement lenses and accessories
Funding Insights of SPY
SPY has successfully raised a total of $4.65M across 6 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $10.51 million completed in May 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 6
- Last Round Debt – Conventional — $10.5M
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First Round
First Round
(01 Nov 2003)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2019 | Amount | Debt – Conventional - SPY | Valuation |
investors |
|
| Oct, 2012 | Amount | Post-IPO - SPY | Valuation |
investors |
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| May, 2011 | Amount | Post-IPO - SPY | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in SPY
SPY has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Siena Lending Group, Safilo and Bolle. 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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Direct lending is provided to small and mid-market companies.
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Founded Year | Domain | Location | |
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Manufacturer of sunglasses, goggles, and helmets for sports and lifestyle
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Founded Year | Domain | Location | |
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Eyewear is designed and manufactured by Safilo in Italy.
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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
|
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 SPY
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 - SPY
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Spy Comparisons
Competitors of SPY
| 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 SPY
When was SPY founded?
SPY was founded in 1994 and raised its 1st funding round 9 years after it was founded.
Where is SPY located?
SPY is headquartered in Carlsbad, United States. It is registered at Carlsbad, California, United States.
Who is the current CEO of SPY?
Michael Marckx is the current CEO of SPY.
Is SPY a funded company?
SPY is a funded company, having raised a total of $4.65M across 6 funding rounds to date. The company's 1st funding round was a Post-IPO of $1.17M, raised on Nov 01, 2003.
How many employees does SPY have?
As of Dec 31, 2022, the latest employee count at SPY is 72.
What does SPY do?
Designer and manufacturer of sunglasses, goggles, and snow helmets. The company offers a variety of styles for men, women, and children, including polarized and prescription options. Product lines encompass snow goggles, motocross goggles, and snow helmets, along with accessories such as replacement lenses and cases. A key technology is the patented Happy Lens, designed to enhance color and contrast while boosting mood and alertness. The company also produces eyeglasses and blue light glasses.
What products or services does SPY offer?
SPY offers Sunglasses and Goggles.
Who are SPY's investors?
SPY has 3 investors. Key investors include Siena Lending Group, Safilo, and Bolle.