eyewa raised $100 million in a Series C funding round led by General Atlantic, Badwa Capital, and Turmeric Capital to expand its physical store presence in key GCC markets.

Nov 27, 2024•about 1 year ago

Amount Raised

$100 Million

Round Type

series c

DubaiRetailFashionE Commerce

Investors

Turmeric CapitalBadwa CapitalGeneral Atlantic

Description

The Saudi headquartered eyewear retailer eyewa has secured $100 million through its Series C funding round. The funds will support the opening of at least 100 new locations by 2025, with plans to establish a production hub in Riyadh.

Company Information

Company

Eyewa

Location

Dubai, Dubai, United Arab Emirates

About

Eyewa is a Dubai-based eyewear startup founded in 2017 by Mehdi Oudghiri and Anass Boumediene. It has grown to become the Middle East’s largest online eyewear retailer, offering a wide range of eyewear products through its website, mobile apps, and retail stores.

Related People

2 contacts

Funding Insights

Based on industry data

VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

Tech investment trends