eyewa closes $100 million series C round led by General Atlantic
Summary
Founded in 2017 by Mehdi Oudghiri and Anass Boumedien, eyewa has grown to become the Middle Easts largest online eyewear retailer, with headquarters in Riyadh and Dubai. The expansion of eyewas already robust footprint, which includes more than 150 GCC locations, will reinforce its established brand in Saudi Arabia and the UAE, and increase its presence in Kuwait, Bahrain, and Oman.The funding comes at a time of rapid growth for the company as it prepares to open in Q1 2025 a pioneering production hub in Riyadh. In a sector that had not seen much disruption in the past decade, our success in this funding round reflects not only the strength of our business model but also the spirit of innovation across the regions startups as we continue to dream big and break new ground in our respective industries.Mehdi Oudghiri, Co-Founder and Co-CEO of eyewa, added: This accomplishment is a testament to the hard work of our team, our strong track record as an omnichannel retailer, and our commitment to challenging convention. This investment aligns with our belief in empowering bold ideas and visionary founders who are transforming industries across the region.eyewa was founded in 2017 and launched its first physical store in December 2020. This sparked the companys rapid transformation into a leading omni-channel retailer, blending e-commerce with physical stores to meet the customers evolving needs while simultaneously nurturing sub-brands such as The Optical Club, which offers simplified, affordable eyewear options.