Exclusive: Warby Parker Seeks to Raise $75 Million
Warby Parker is looking to raise $75 million for its Series E round of financing, Cheddar has learned.
The eyewear company disclosed its plans to raise money in a filing with the state of Delaware on March 7 that was signed by its president Neil Blumenthal and provided to Cheddar by [Lagniappe Labs](https://primeunicornindex.com/).
A spokesperson for Warby Parker didn't respond to a request for comment.
The company last raised $100 million in 2015 for its Series D at a $1.2 billion valuation. It's is seeking a higher share price for its Series E, which indicates that its valuation will likely be higher after it completes the financing round.
Since last raising money, Warby Parker has significantly expanded its retail footprint and plans to have nearly 100 stories open in the U.S. by the end of 2018. Last year it opened a $16 million optical lab dedicated to building its own glasses in-house. And in January, it started selling products for kids for the first time.
Warby Parker has raised $216 million in total since its founding in 2010 from investors such as General Catalyst, T. Rowe Price, and Lerer Hippeau Ventures.
*Reporting by Alex Heath*
Hoyt McGarity, CEO & President of 8AM Golf, joins Cheddar to discuss TGL and how the technology is changing the game of golf right before our eyes. Watch!
Amy Farley, Executive Editor at Fast Company, joins Cheddar to reveal how the Top 50 companies were chosen for a coveted spot on the list of Most Innovative.
Chris Versace, CIO at Tematica, discusses the fed decision, the current state of the market and how news in the coming days will tell us even more. Watch!
Olipop CEO, Ben Goodwin, joins Cheddar to discuss its recent $50M funding round and why other prebiotic soda company's successes is good for business. Watch!
The Knot Worldwide CEO Raina Moskowitz joins Cheddar to reveal the top wedding trends for 2025 and why some newlyweds-to-be want their big day to be phone free!
Shark Tank star Barbara Corcoran reveals how she is handling all of this recession news, the best time to buy a home and what she looks for when hiring. Watch!