In a major boost to the company’s regional expansion roadmap, Dubai-based online eyewear retailer Eyewa has bagged $7.5 million in an ongoing Series A round led by Wamda Capital. Other investors to have chipped in include Equitrust, the investment wing of the Choueiri Group, French Partners, 500 Startups, GS Shop, Faith Capital, and Usus Al Khwarizmi.
With this Series A, the total investment raked up by Eyewa has shot up to nearly $8.6 million. The company raised just over $1 million in a seed round earlier last year in January.
Launched in 2017 by co-founders Mehdi Oudghiri and Anass Boumediene, Eyewa lists a wide range of eyewear including prescription glasses, sunglasses, and contact lenses on its online retail platform. Among the featured brands are Ray-Ban, Persol, Prada, Nike, Dolce & Gabbana, Burberry, Emporio Armani, Lacoste, and Fendi.
Acknowledging the significance of the Series A round, Eyewa co-founder Anass Boumediene said: “Not only is this recognizing all the effort our team has put into building successful operations in UAE and KSA, but it is also celebrating an exciting future for our startup. We are in the right market, at the right time, with the right team to make it big.”
Meanwhile, the other co-founder, Mehdi Oudghiri, commented that the newly raised funds will go a long way helping Eyewa accelerate its growth strategies.
“With a roundtable of experienced regional and international investors, we now have access to a wealth of knowledge to help us better shape our future. With this funding, we will accelerate our growth and provide great eyewear products to even more customers across the entire MENA region,” Oudhgiri said.