DN Capital, a media and technology early stage and growth capital investor, has led a EUR7m growth investment in Mister Spex, Germany’s largest online retailer of eyewear.
French investment company Xange Capital also participated in the round together with existing investors Grazia Equity, High-Tech Gründerfonds, Team Europe Ventures and Astutia.
Mister Spex will use the capital from this investment to strengthen its growth in Germany and support international expansion.
Nenad Marovac, managing partner of DN Capital, says: "We have been very impressed with the performance of Mister Spex to date as well as the dynamic management team. We are confident that their model and execution skills will enable the company to continue to be the market leader in Germany and also to successfully expand into other countries."
Dirk Graber, founder and chief executive of Mister Spex, adds: "The new capital shall be used for further growth projects both in Germany and abroad. We will enlarge our marketing activities within Germany to improve brand awareness and visibility of Mister Spex. Following the successful start in France, we will also continue the roll-out of our business model to other countries to establish ourselves as the leading online optician in Europe."
