Dubai-based eyewear e-commerce startup in the Middle East, eyewa today announced that it has successfully closed a $7.5 million (approximately AED20 million) Series A funding round in order to further expand its operations. With a vision to simplify the eyewear shopping experience by providing an easy, affordable and trustworthy platform for contact lenses, sunglasses and prescription glasses, the company has grown substantially since its launch in August 2017. Founded by Anass Boumediene and Mehdi Oudghiri, the company has grown from a team of two to twenty-five members and is set to expand even further within the coming few months.
The Series A round, which brings the total funding to date to $8.6 million (approximately AED 31.6 million), was led by Wamda Capital with participation from GS shop, Equitrust (the investment arm of Choueiri Group), French Partners, 500 startups, Usus Al Khawarizmi
Recently selected as one of the 100 Arab start-ups shaping the Fourth Industrial Revolution in 2019 by The World Economic Forum,
Now, more than ever, eyewa is competing on a worldwide scale with longstanding retail giants. This investment not only offers an injection of cash into the
The future of eyewa
There is no doubt that the future of
With all of this in mind, it is an exciting time for the eyewa team. From conceptualising and developing the idea at In5, a local platform that supports entrepreneurs and startups, to its current scale, eyewa is another story reminding a global audience that the UAE is fostering some incredible new businesses with eyewa being the next big e-commerce to watch.