Pair Eyewear Announces $75M Series C Funding Round As It Touts Revenue Growth And Enhanced Automated U.S. Manufacturing
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The first direct-to-consumer customizable eyewear brand aims to use its latest round of funds to expand its
Pair has seen revenues grow by 24x from 2020 to 2023 and is already on track to double its year-over-year revenues in 2023. The newest funds will be used to invest further in its automation technology, expand its
Pair Eyewear makes prescription glasses affordable at just
"Nathan and I developed Pair with a unique premise of providing people globally with eyewear as dynamic as you are. We are beyond humbled by the love and support we've received from both Pair's incredible customers and investors," said Pair Eyewear Co-CEO and Co-Founder
Pair Eyewear is proud to keep investing in research and development on the heels of its fully integrated
"At Prysm, we seek to partner with exceptional entrepreneurs and management teams who are building disruptive companies, and we have found that with Sophia, Nathan and the Pair team," said
"In addition to bringing a fresh look and business model to a legacy industry, Pair is leading its segment thanks to a vertically integrated supply chain and automated manufacturing processes. The factory has been a big factor in the company's success," said
Due to the highly interactive nature of Pair's products, the Base Frame and Top Frame duo have become popular on social media, especially TikTok, where the brand has garnered a cult-like following, obtaining hundreds of millions of views with its hashtag #WearPair. TikTok alone drives over 25% of the brand's total sales and millions in revenue
About Pair Eyewear:
Pair Eyewear, the first direct-to-consumer customizable eyewear brand reimagining the consumer experience for individuals with glasses, allows adults and children alike to quickly and easily customize the look of their glasses anytime, anywhere. Pair Eyewear provides the world's first patented and high-quality, affordable glasses with an engaging digital experience for just
About Prysm Capital
Prysm Capital is a growth equity firm focused on partnering with founders and management teams who are disrupting industries and building category-leading companies. With offices in New York, Princeton and San Francisco, Prysm acts as a flexible source of growth capital for companies in the technology and consumer sectors. For more information, visit www.prysmcapital.com.
New Enterprise Associates, Inc. (NEA) is a global venture capital firm focused on helping entrepreneurs build transformational businesses across multiple stages, sectors and geographies. Founded in 1977, NEA has over
About Javelin Venture Partners
Founded in 2008, Javelin Venture Partners is a venture capital firm based in
SOURCE Pair Eyewear
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