Warby Parker raises $75M in new round of funding

Eyewear retailer Warby Parker raised $75 million in a recent round of funding, leading many to speculate if it is considering moving toward an initial public offering, according to The New York Times.

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Warby Parker began eight years ago as an online-only retailer before expanding to 65 brick-and-mortar stores. The company is currently valued at nearly $1.7 billion, and the new round of funding was led by T. Rowe Price, which has been known to invest in companies as they prepare for their initial public offering.

Neil Blumenthal, Warby Parker’s co-founder, said the company has considered such a move but is in no rush.

“Our objective is to build a brand that will have large-scale impact on the world, and we think being independent is important to that,” Mr. Blumenthal told The New York Times. “But we don’t have a timeline in place.”

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