Eyeque Announces Series C Closing With More Than $57 Million in Capital Raised

EyeQue announced that they have closed a Series C round and have raised more than $57 million in capital since the company was founded in 2015. 

EyeQue aims to bring affordable vision correction with their smartphone vision tests. The company has developed a suite of at-home vision tests using optical smartphone attachments that consumers can use to self-administer a refractive error test through an accompanying app and get the results needed to order corrective lenses.

EyeQue’s sales tripled in 2020 and continues to be well positioned for growth as it is well capitalized, according to a company news release. The company plans to use the new funding to expand its core technology and hire new talent. This year, they brought on 20-year eye care industry veteran James Gardner as Vice President of Business Development and Strategic Partnerships to continue the company’s growth beyond the consumer market.

The company is also supporting new partnerships with like-minded companies including EyecareLive, which recently joined forces with EyeQue to offer virtual eye health services with eye doctors on EyeQue.com. Plus, this year, EyeQue began selling contact lenses on its online store and continues to add new services to make it easy for its customers as they become the “one-stop shop” for eye care.

EyeQue Chief Financial Officer Kathy Chueh said, “EyeQue is poised to be the global leader in the at-home vision care vertical. This latest investment enables EyeQue to develop international markets, as well as elevate our proprietary vision technology, while gaining regulatory approvals and market share dominance.” 

Not only is telehealth convenient, it also saves time and money. As a result of the pandemic, telehealth has seen significant growth, leading the way for continued innovation in telemedicine, virtual care and tele-optometry. EyeQue wants to empower consumers to become more engaged in their eye health with this innovative, accurate and affordable technology that can be used to monitor and track the whole family’s vision over time.

Since the company’s inception, EyeQue customers have taken more than 157,000 refraction tests and saved money by ordering new glasses online. EyeQue is on a mission to make vision care available to people all over the world, especially those who don’t have access to traditional eye care and have lived without vision correction.