Clerio Vision buys VC-backed HVC
Summary
The transaction brings together HVC’s long-standing expertise in the manufacturing and distribution of high performance contact lenses with Clerio’s innovative product pipeline. HVC, founded in 2002, is best known for its Extreme H2O product line and its multiple differentiated offerings that personalize the contact lens wearing experience. The company’s technology enables the laser writing of unique patterns into contact lenses that optimize visual acuity, including superior correction at both far and near distances for those with presbyopia. All HVC employees will be retained and its manufacturing and fulfillment activities will continue to be carried out in its locations in Sarasota, Florida. The company has raised approximately $30 million in financing from Safar Partners, Stonehenge Growth Equity, Armory Square Ventures, prominent angel investors and the National Science Foundation.