Top 9 Eyewear Startups and Companies to Watch [2023]

Have you ever wondered who is on the list of Eyewear Companies with the highest growth rates?

You’re not alone.

There are hundreds of Eyewear Companies found there, and keeping track of the hottest new startups can be challenging.

But don’t worry, we’ve got you covered. Here are the top 9 fast-growing Eyewear Startups that have top-tier venture capital funding.

What are Eyewear Startups?

Eyewear startups are companies that specialize in designing, manufacturing, and selling eyewear products such as glasses, sunglasses, and contact lenses. These startups often use technology to create innovative products that are more affordable and accessible than traditional eyewear retailers. 

They may also offer services like online consultations, virtual try-on tools, and online ordering. By offering a more convenient and cost-effective way to shop for eyewear, these startups are disrupting the traditional eyewear industry.

Top 9 Fastest-Growing Startups In Eyewear

1) North

North creates human-centric technology that allows humans and technology to work together.

Details of the startup:

• Country: Canada
• City: Kitchener
• Started in: 2012
• Founders: Aaron Grant, Matthew Bailey, Stephen Lake
• Number of employees: 251-500
• Funding amount: $199,632,519
• Number of funding rounds: 12
• Number of investors: 24

You can find their website here.

2) Lenskart

Lenskart is an online eyeglasses retail portal established in India.

Details of the startup:

• Country: India
• City: Faridabad
• Started in: 2010
• Founders: Amit Chaudhary, Peyush Bansal
• Number of employees: 251-500
• Funding amount: $554,629,632
• Number of funding rounds: 10
• Number of investors: 15

You can find their website here.

3) Mister Spex

Mister Spex is an online retailer of spectacles and contact lenses from a variety of manufacturers.

Details of the startup:

• Country: Germany
• City: Berlin
• Started in: 2007
• Founders: Bjoern Sykora, Dirk Graber, Lukasz Gadowski, Philipp Frenkel, Thilo Hardt
• Number of employees: 251-500
• Funding amount: $158,009,427
• Number of funding rounds: 10
• Number of investors: 18

You can find their website here.

4) Eyewa

Prescription contact lenses, color contact lenses, sunglasses, and eyeglasses are all available at Eyewa.

Details of the startup:

• Country: United Arab Emirates
• City: Dubai
• Started in: 2017
• Founders: Anass Boumediene, Mehdi Oudghiri
• Number of employees: 11-50
• Funding amount: $27,138,000
• Number of funding rounds: 8
• Number of investors: 9

You can find their website here.

5) Dispelix

Dispelix merely exposes the problems that product designers have been attempting to conceal for years.

Details of the startup:

• Country: Finland
• City: Espoo
• Started in: 2011
• Founders: Antti Sunnari
• Number of employees: 11-50
• Funding amount: € 23,700,000
• Number of funding rounds: 3
• Number of investors: 5

You can find their website here.

6) Cleardekho

An online eyeglasses marketplace situated in Uttar Pradesh.

Details of the startup:

• Country: India
• City: Ghaziabad
• Started in: 2016
• Founders: Saurabh Dayal, Shivi Singh
• Number of employees: 11-50
• Funding amount: $2,298,196
• Number of funding rounds: 7
• Number of investors: 13

You can find their website here.

7) Hawkers Co.

Hawkers Co is a firm that makes sunglasses.

Details of the startup:

• Country: Spain
• City: Alicante
• Started in: 2013
• Founders: Alejandro Betancourt Lopez, Alex Moreno, David Moreno, Francisco Pérez Falcó, Ignacio Soriano Cano, Pablo Sánchez Lozano
• Number of employees: 251-500
• Funding amount: € 70,000,000
• Number of funding rounds: 2
• Number of investors: 3

You can find their website here.

8) specsmakers

One of the fastest growing optical retail chains in South India, with a mission to supply high-quality eyewear.

Details of the startup:

• Country: India
• City: Chennai
• Started in: 2011
• Founders: Pratik Shah, Sonal Shah
• Number of employees: 251-500
• Funding amount: $18,200,965
• Number of funding rounds: 4
• Number of investors: 3

You can find their website here.

9) Loho Eyewear

Loho Eyewear Lifestyle provides a one-stop shop for eyewear design, production, sales, and customer service.

Details of the startup:

• Country: China
• City: Shenzhen
• Started in: 2012
• Number of employees: 251-500
• Funding amount: $126,400,000
• Number of funding rounds: 4
• Number of investors: 5

You can find their website here.

FAQs

Is Eyewear Business Profitable?

Yes, the eyewear business can be profitable. Depending on the specific business model and product offering, an eyewear business can generate a significant amount of profit. It is important for entrepreneurs to consider the costs of running the business, including the cost of materials and labor, in order to maximize profits. 

Additionally, leveraging online sales channels and marketing strategies can help to increase profits.

What Is The Average Investment In Eyewear?

The average investment in eyewear startups is around $4.5 million. Investments can range from seed investments of a few hundred thousand dollars to larger Series A and B investments of up to $50 million or more.