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NEW YORK—Warby Parker announced today a $245 million fundraising, with investment from D1 Capital Partners, Durable Capital Partners, T. Rowe Price, and Baillie Gifford. According to a source familiar with the company's financing, the new investment values the e-commerce/brick-and-mortar retailer at $3 billion. The company previously raised a total of $290 million, including, as VMAIL reported in March 2018, a $75 million investment. According to TechCrunch, the additional $245 million announced today comes as a combination of a Series F round ($125 million led by Durable Capital Partners in the second quarter of this year) and a Series G round ($120 million led by D1 Capital in Q3 of this year). Neither of the two rounds was previously announced.

The company would not comment further on the development. Warby Parker currently operates more than 120 stores in the U.S. and Canada.

In VM's most recent Top 50 U.S. Optical Retailers Report, issued in May 2020, Warby Parker's total sales were estimated by VM to be approximately $410 million for the calendar year 2019, for in-store and online combined and the company held its #9 ranking on the VM Top 50. The company operated a total of 112 stores plus 4 showrooms in the U.S. during 2019 with another 3 locations in Canada.

In November 2019, Warby moved into the contact lens area, not only making branded contact lenses available to its customers and patients online and in the stores, but debuting its own brand, called Scout. Warby Parker marked its 10-year anniversary in March of this year.