EaseVision.com – News and gossips of vision care and optical industry

Online eyeglasses sphere now never lacks exciting news. A German online eyeglasses company, MisterSpex.de, just received another 7 million Euro from capitals including DN capital(DN led this cash injection),  Team Europe Ventures, Astutia Ventures, Grazia Equity, and High-Tech Gunderfunds and Xange, as the series B funding.

Presently MisterSpex mainly focus on the German and European market, selling branded eyeglasses, sunglasses and contacts lenses at much-discounted prices comparing with the local optical stores. In 2009, MisterSpex’s revenue reached 4.5 million Euro, and will likely reach 10 million in 2010. Brands include RayBan, Oakley, Prada, D&G, Tom Ford and all other named ones in the world.

It is reported that MisterSpex is the biggest online optical store in Germany. The recent funding is for expanding awareness of its practice, and increase the market share quickly. It now has 90 employees, and 50 are permanent employees. FramesDirect.com in Texas is its counterpart, selling similar glasses in USA and throughout the world.

Based on the retail prices on the website and its total 2009 revenue, and its prospective 2010 sales, the daily order quantity is guesstimated at 50-100 pairs a day. This is really a trivial quantity.  But with MisterSpex receiving its series B funding from so many Venture Capitals, it means the capital market accepts the business model of selling eyeglasses online.