SEP backs €16m Mister Spex round

The latest funding round also sees existing investors XAnge and DN Capital reinvest in the business.

The new funding will be used to increase the company's partnerships with independent opticians, aiming to grow from around 300 partnerships today to around 500 in the medium term. It will also support an international expansion with online shops in France, Spain and Sweden.

Previous funding
Mister Spex's first funding round was in September 2009, when €7m was invested by XAnge, DN Capital, Grazia Equity and HTGF. It then received a follow-on investment of €7.4m in September 2010, with the existing investors joined by Astutia Ventures and Point Nine Capital.

Company
Mister Spex is Germany's largest online optician. Through its website it offers a range of prescription glasses, sunglasses and contact lenses. It has partnerships with 300 local opticians.

In 2012, the Berlin-based company saw turnover of €26m in 2012 and employs 200 people.

People
Dirk Graber is founder and CEO of Mister Spex.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• DACH
• Expansion
• Healthcare
• Germany
• Scottish Equity Partners
• High-Tech Gründerfonds
• XAnge Private Equity
• DN Capital