Smart Vision Raised Additional 600K EUR of Investments – Open Circle
Summary
This totals in 2.4 million EUR of investments this year.In January of 2021, Smart Vision CEO Arnas Vismantas already announced a 1.8 million EUR investment from VC fund Open Circle Capital.As we are gaining growth momentum, our hunt for investors grows too. We are finalizing the details of the campaign, says the CEO of Smart Vision.Arnas believes Crowdcube will be a catalyst to attract another 5-10 million EUR in the coming years, opening totally new growth opportunities in Western Europe. The startup founder and the team are looking forward to increase the valuation of Smart Vision from 10 million up to 50-60 million EUR.The Smart Vision B2B platform transforms the traditional brick-and-mortar optics and eyewear shops into a multi-channel digital B2B business that globally connects manufacturers of quality frames and lenses, opticians, optometrists, and the consumer. The company also offers 100% free remote eye check, plus frames and lenses are delivered directly from the manufacturers, without intermediaries.We automated all the usual work of people in traditional optics, thus returning the added value and profit margins to the final consumer. Today, only 5% of glasses are sold online in Europe, but this segment is projected to grow extremely fast, in some markets up to 50% annually.