Glasses Direct secures £10m cash injection

Glasses Direct has announced that it has secured £10m in its second round of funding from an international syndicate of blue-chip investors.

Acton Capital Partners, a Munich-based specialist investor in internet and mobile based consumer-oriented businesses, has become the latest investor joining existing Glasses Direct venture capitalistshareholdersIndex Ventures and Highland Capital Partners who both reinvested in the first round last year. Christoph Braun from Acton will join the Glasses Direct board.

Thecompany said that the new funding wouldbe used for working capital to expand the UK business and support a significant push into the US market.

In addition, earlier this week Jamie Murray Wells was the youngest person to be named on the Queen's Awards for Enterprise list after being recommended by Prime Minister Gordon Brown.