Report: Warby Parker raises $100 million for new stores

New York – Specialty eyewear Warby Parker has reportedly received $100 million in financing the company plans to use to build new brick-and-mortar stores. According to the Wall Street Journal, the round of financing, led by T. Rowe Price, values Warby Parker at $1.2 billion.



Warby Parker launched as a pure-play e-commerce retailer in 2009 and opened its first store in 2013 as an experiment. It now operates about 20 stores across the country, which employ about half of the company’s 500 total employees. The private company says it is not yet turning a profit.