# EYEGLASS24

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/eyeglass24

- Industry: Consumer Products
- Headquarters: Munich, Germany
- Website: www.eyeglass24.de
- Latest round: Series B (Nov 6, 2014)
- Investors on record: 1

## About

EYEGLASS24 GmbH is a specialized online retailer focused on re-glazing prescription eyewear, providing a convenient platform for customers to replace lenses while ensuring high quality and customization.Founded in 2012 and headquartered in Munich, Germany, EYEGLASS24 GmbH specializes in the online replacement of lenses for prescription eyewear. The company has successfully completed 4 funding rounds, with the most recent investment occurring on January 27, 2017. The firm was formed independently and does not operate as a subsidiary of a parent company. There is no available information regarding any prior pivots in their business model or notable changes in operations.EYEGLASS24 specializes in the online re-glazing of prescription eyewear, offering customers a streamlined process to replace their current lenses. The company's core services include the customization and installation of various types of lenses, including single-vision and progressive lenses, into existing frames. Customers can configure their desired lenses through a user-friendly online platform, inputting specific optical prescriptions and measurements. After configuration, customers receive a prepaid shipping label to send their old eyewear for lens replacement. EYEGLASS24 primarily serves individual consumers in Germany and other European markets such as Austria and Switzerland, providing premium lenses from reputable German manufacturers.EYEGLASS24 generates revenue through direct-to-consumer sales of customized eyewear solutions, primarily involving lens replacement services. Customers place orders online, selecting lens types and specifications, with a pricing structure based on lens materials and coatings. This convenient online ordering system leads to quick turnaround times for lens replacement, typically between 2 to 5 business days for standard orders. The company also offers an express service for urgent requests. Additionally, EYEGLASS24 provides free shipping within Germany and a satisfaction guarantee, enhancing its overall value proposition.EYEGLASS24 plans to leverage its recent funding raised from returning investors BayBG, Key Asset Management, and Whitestone Communication Networks Ltd. in January 2017 to support product enhancements and strategic growth initiatives. The company is exploring the introduction of new lens types and customization options aimed to launch in the near future. Furthermore, EYEGLASS24 is targeting expansion into additional European markets beyond its current presence in Germany, Austria, and Switzerland, with specific timelines for market entry yet to be disclosed.

## Funding rounds

- Series B, Nov 6, 2014 — BayBG

## Investors

- BayBG (https://capitalatlas.ai/funds/baybg) — Series B