BERLIN—One of Europe’s leading online optical retailers, Mister Spex completed its largest financing to date, raising $40 million in a round led by U.S. investment bank, Goldman Sachs, and with participation from existing investors, including Scottish Equity Partners, XAnge and DN Capital. The funds will be used to support the company’s domestic and international growth plans.

Dirk Graber, CEO and founder of Mister Spex, said, “With Goldman Sachs we have found a world class investor who shares our vision for the company and is the ideal partner to further advance our domestic and international expansion. We also want to use the money to strengthen our logistics proposition and broaden our stationary opticians partner network.”

“We have been impressed by the achievements of Mister Spex,” said Andrew Wolff, managing director and head of Goldman Sachs merchant banking division for Europe, the Middle East, Africa and co-head of Asia. “The company’s innovative business model, strong organic growth and high-quality management team position it well for future success. We hope to assist the company to achieve its ambitions and create value for its customers and shareholders."

As part of the funding round, David Reis, executive director and head of technology investments at Goldman Sachs MBD in Europe, will join the advisory board of Mister Spex.

A Mister Spex spokesperson told VMail that at this moment there are no plans to expand to the U.S.

Founded in 2007, Mister Spex operates sites in Germany, Austria, France and Spain. In July 2013, the company acquired Swedish online eyewear stores Lensstore and Loveyewear. Serving more than 1 million customers in Europe, the company had a turnover of €47 million in 2013.