
Total amount raised
$655.5 Millions
Latest funding date

Location
Warby Parker has successfully raised significant funding through multiple rounds, attracting a diverse group of investors. The company has garnered attention from notable financial institutions such as JP Morgan Chase and Citibank.
Keep reading to delve into the details of Warby Parker's funding journey and the key investors who have supported its growth.
What Is Warby Parker?
Warby Parker, founded in 2010 in New York City, is a lifestyle brand offering designer eyewear at affordable prices. The company was established by Andrew Hunt, Dave Gilboa, Jeffrey Raider, and Neil Blumenthal.
Warby Parker provides a range of products including eyeglasses, sunglasses, and contact lenses. They also offer eye exams, a home try-on program, and a virtual vision test service.
With a workforce of 1001-5000 employees, Warby Parker is committed to social responsibility, ensuring that each sale helps provide glasses to those in need.
How Much Funding Has Warby Parker Raised?
- Series A
- Amount Raised: $1.5M
- Date: July 2011
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support initial growth and product development.
- Series A
- Amount Raised: $12M
- Date: September 2011
- Lead Investors: Tiger Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and scale operations.
- Series B
- Amount Raised: $41.5M
- Date: September 2012
- Lead Investors: General Catalyst
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance product offerings and increase marketing efforts.
- Series C
- Amount Raised: $60M
- Date: December 2013
- Lead Investors: Tiger Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support further expansion and technological advancements.
- Series D
- Amount Raised: $100M
- Date: April 2015
- Lead Investors: T. Rowe Price
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enter new markets.
- Series E
- Amount Raised: $75M
- Date: March 2018
- Lead Investors: T. Rowe Price
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance customer experience and expand product lines.
- Series F
- Amount Raised: $125M
- Date: April 2020
- Lead Investors: Durable Capital Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To strengthen financial position and support long-term growth.
- Series G
- Amount Raised: $120M
- Date: August 2020
- Lead Investors: D1 Capital Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and expand digital capabilities.
- Post-IPO Debt
- Amount Raised: $120M
- Date: February 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support working capital and general corporate purposes.
Total Amount Raised: $655M. Current Valuation: Not publicly disclosed.
Key Investors
- JP Morgan Chase
- Details: JP Morgan Chase is a leading global financial services firm headquartered in New York City. It offers a wide range of services including investment banking, financial services for consumers and businesses, financial transaction processing, asset management, and private equity.
- Investment Focus Areas: Financial services, banking, asset management, investment banking.
- Notable Investments: Amazon, Facebook, Tesla.
- Citibank
- Details: Citibank is the consumer division of financial services multinational Citigroup. It provides a wide range of financial products and services, including consumer banking, credit, corporate and investment banking, securities brokerage, and wealth management.
- Investment Focus Areas: Consumer banking, corporate and investment banking, securities brokerage, wealth management.
- Notable Investments: Google, Microsoft, Apple.
- Tiger Global Management
- Details: Tiger Global Management is an investment firm that focuses on private and public companies in the global Internet, software, consumer, and financial technology industries. It was founded in 2001 and is based in New York City.
- Investment Focus Areas: Internet, software, consumer, financial technology.
- Notable Investments: Spotify, Stripe, ByteDance.
- T. Rowe Price
- Details: T. Rowe Price is a global investment management firm headquartered in Baltimore, Maryland. It offers mutual funds, subadvisory services, and separate account management for individuals, institutions, and retirement plans.
- Investment Focus Areas: Mutual funds, retirement plans, institutional investments.
- Notable Investments: Tesla, Amazon, Google.
- General Catalyst
- Details: General Catalyst is a venture capital firm that invests in early-stage and growth-stage companies. It was founded in 2000 and is headquartered in Cambridge, Massachusetts.
- Investment Focus Areas: Technology, healthcare, consumer.
- Notable Investments: Airbnb, Stripe, Snap.
What's Next for Warby Parker?
Warby Parker's recent $120 million credit facility, secured through a Credit Agreement with JP Morgan Chase and Citibank, opens up significant opportunities for the company. This financial move provides the flexibility to borrow, repay, and re-borrow funds, with an option to increase the borrowing capacity by an additional $55 million. This could potentially bring the total facility size to $175 million, supporting the company's working capital and general corporate purposes.
Looking ahead, Warby Parker may explore additional financial instruments or credit facilities to maintain liquidity and financial flexibility. However, the company will need to navigate challenges such as maintaining a maximum consolidated senior net leverage ratio and adhering to various covenants that limit financial activities. Managing variable interest rates and associated fees will also be crucial as they continue to grow and expand their market presence.
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