Warby Parker Raises A Total Of $41.5 Million In Series B Funding
Warby Parker is an e-commerce company that sells trendy glasses. Warby Parker has raised $41.5 million in series B funding from investors like Millard Drexler (J. Crew CEO) and credit card company American Express. This past September, Warby had already announced that they raised $37 million in funding led by General Catalyst Partners. However the company left some room and time for “select investors” to join the round. Drexler has become “formally involved” in the company said Warby Parker co-CEO Neil Blumenthal. Blumenthal said that Drexler became involved since he was interested in Warby’s retail initiatives.
Warby Parker does not have any plans to get into the retail store game though. The company plans to remain focused on “selling directly to consumers.” However I would not be surprised to see Warby Parker realize the benefits of extending their distribution to retail stores sometime in the future to access more customers. I’m sure that by having Drexler on board with the company, discussions about expanding into retail will come up. Warby Parker is rumored to be in discussions with Google to help enhance the design of Google Glass.