Warby Parker has been a revolutionary force in the eyewear market since its launch in February 2010. By selling their own designs almost exclusively online, Warby Parker is able to price its hip, affordable eyewear at $95 per pair.
The company is currently in growth mode. It introduced prescription sunglasses this spring, and plans to offer progressive lenses soon.
While it is not yet profitable, the co-founders have raised $13.5 million in venture capital. Warby Parker’s investors include Tiger Global, the Menlo Talent Fund, Lerer Ventures, Thrive Capital and First Round Capital and high-profile angel investors like Joel Horowitz, former CEO of Tommy Hilfiger; Ashton Kutcher; Lady Gaga’s manager, Troy Carter; and Ari Emanuel, CEO of talent agency William Morris Endeavor.
Philanthropy is a hallmark of this certified B-Corporation, raising its cool quotient with Millennials. For every pair of glasses Warby Parker sells, it distributes another pair to a person in need through a collaboration with non-profit VisionSpring.
Co-founder and co-CEO Neil Blumenthal spoke about the company’s vision for growth and the potential for a future IPO.