MyOptique Group raises £8m from new and existing investors

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glassesOnline optical retailer MyOptique Group has secured an £8m investment from new and existing backers.

The round was led by existing investors Acton Capital Partners, Highland Capital Partners and Index Ventures as well as new backers Cipio Partners and GP Bullhound Sidecar.

The company will use the funds for further growth and potential acquisitions.

MyOptique also announced that it has appointed founder and Chairman of Amery Capital Maurice Helfgott as its new chairman.

The company is in its second year of profitability and is expected to report revenues of more than £35m for 2013.

MyOptique CEO Kevin Cornils said, “2013 has been a busy year for us at the MyOptique Group, so it’s great to see the support of our existing and new investors.

“We now have a full service optical business that spans eight European markets, have served over 800,000 customers, shipping an order every 40 seconds.

“We’re also thrilled to have Maurice joining us to bring his wealth of experience in fashion retailing as well as public company experience as we accelerate our growth effort.”

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