German eyewear retailer Mister Spex raises €7m in second round

Mister Spex, the German online eyewear retailer, has raised over seven million Euros in a second round led by DN Capital. Existing investors Grazia Equity, High-Tech Gründerfonds, Team Europe Ventures and Astutia Ventures have also taken part, while Xange joins DN Capital as a new investor.

The new capital will be use to increase brand awareness in Germany and fuel international expansion, with the company recently opening up shop in France.

Mister Spex claims to be the largest online retailer of branded glasses in Germany, and offers a selection of high quality prescription glasses (including varifocals), sunglasses, sports glasses and contact lenses at competitive prices via the Internet.

In 2009 Mister Spex had a turnover of 4.5 million Euro, while in 2010 the company expects to exceed the 10 million Euro mark. Since launching in April 2008, Mister Spex has attracted more than 150,000 customers. The Berlin-based company has a total of 90 members of staff, including 50 permanent employees.