Online retailer Mister Spex secures $40m for expansion

European online glasses and contact lens retailer Mister Spex has secured $40m of funding to grow its domestic and international business.

The funding was led by US investment bank Goldman Sachs with participation from existing investors including Scottish Equity Partners, XAnge and DN Capital. The company said the money would be used to cement its position in the market, strengthen logistics and broaden its optician partner network.

‘With our new investor Goldman Sachs we are going to strengthen our leadership position in Europe. The new funding will be used to further grow organically and by acquisitions in our existing countries and a few new countries in Europe.