Warby Parker

Valuation $20B

About Warby Parker

Warby Parker is a lifestyle brand that offers designer eyewear while being a socially conscious business.
Headquarters Warby Parker, New York
Founded 2010-01-01
Industry E-Commerce, Fashion, Retail
Last Funding Type Post Ipo Debt
Valuation 20
Total Funding $655.50 million dollars
IPO Status Public

Financial

Warby Parker reported a 16.3% revenue growth in Q1 and a 12% revenue growth in 2023. The company also grew its ecommerce sales while expanding its physical-store business. Despite these positive trends, Warby Parker experienced pressured margins in Q4 and missed EPS expectations for the full year 2023. The company raised its guidance, which led to a rise in its stock price. Additionally, Warby Parker is expected to break even in the near future.

Warby Parker is researching a system and method for predicting fit quality for head wearable devices. This involves a processor and memory system that uses a user interface generator to receive user requests and a population engine to analyze fit quality. This research aligns with Warby Parker's focus on providing well-fitting designer eyewear, enhancing customer satisfaction through precise fit prediction technology.

Funding Rounds 10
Number of Lead Investors 5
Total Funding Amount  $655.50 million dollars
Number of Investors 36

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