{"id":18436,"date":"2017-01-19T18:36:29","date_gmt":"2017-01-19T17:36:29","guid":{"rendered":"http:\/\/cms.munich-startup.net\/?p=18436"},"modified":"2017-01-24T09:37:43","modified_gmt":"2017-01-24T08:37:43","slug":"eyeglass24-million-investment","status":"publish","type":"post","link":"https:\/\/cms.munich-startup.net\/en\/18436\/eyeglass24-million-investment\/","title":{"rendered":"EYEGLASS24: Million-dollar investment in spectacle lens startup"},"content":{"rendered":"

EYEGLASS24<\/a>, which claims to be the first specialist in Germany for the exclusive sale of ophthalmic lenses via the Internet, has secured capital in a seven-figure amount.<\/strong><\/p>\n

Existing investors Bayerische Beteiligungsgesellschaft (BayBG), Schl\u00fcssel Verm\u00f6gensverwaltung, and Whitestone Communications Network are also participating in the new financing round. New investors include Kreditanstalt f\u00fcr Wiederaufbau (KfW), Lang Holding, and other private investors.<\/p>\n

The company was founded in Munich in 2012 and sells Eyeglass lenses online<\/a> to end customers.<\/p>\n

Investment gives EYEGLASS24 \u201cthe decisive boost\u201d<\/h3>\n

The startup intends to invest the fresh capital in expanding marketing, sales and personnel. Jascha Chong Luna<\/strong>, founder and managing director of EYEGLASS24 says:<\/p>\n

\u201cWe are in an important growth phase, and the financing we have now secured from our existing financiers and new investors gives us the decisive boost we need.\u201d<\/p><\/blockquote>\n

Co-founder Felix Zenth<\/strong> added:<\/p>\n

\u201cWe will now expand our business with the funds we have gained in order to further strengthen our market position.\u201d<\/p><\/blockquote>\n

Lukas Biberacher<\/strong>, Investment Manager at BayBG, says:<\/p>\n

"As an investor, we have supported EYEGLASS24 for more than two years, during which the company has experienced outstanding development. This has prompted us to expand our existing commitment."<\/p><\/blockquote>\n

According to the startup, it offers lenses up to 70% below the manufacturer's recommended price. In a previous interview with Munich Startup<\/a> Jascha Chong Luna explained that the high prices for spectacle lenses are mainly due to the low sales figures and the high running costs of stationary opticians:<\/p>\n

"Therefore, they [the opticians, ed.] have to charge a markup of 10x or more between the purchase and selling price of lenses."<\/p><\/blockquote>\n

EYEGLASS24 can therefore offer glasses at a much lower price.<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

EYEGLASS24, which claims to be Germany's first specialist in pure online sales of eyeglass lenses, has secured seven-figure capital. Previous investors, Bayerische Beteiligungsgesellschaft (BayBG), Schl\u00fcssel Verm\u00f6gensverwaltung, and Whitestone Communications Network, are also participating in the new financing round. The Kreditanstalt f\u00fcr Wiederaufbau (KfW), Lang Holding\u2026<\/p>","protected":false},"author":26,"featured_media":18440,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5633,1,5635],"tags":[284,1924,52],"acf":[],"yoast_head":"\nEYEGLASS24: Millioneninvestition in Brillenglas-Startup - Munich Startup<\/title>\n<meta name=\"description\" content=\"EYEGLASS24, nach eigenen Angaben der erste Spezialist in Deutschland f\u00fcr Brillenglasvertrieb \u00fcber das Internet, sichert sich Kapital in 7-stelliger H\u00f6he.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cms.munich-startup.net\/en\/18436\/eyeglass24-million-investment\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" 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