African eyeglasses company secures $3m equity investment
The $3 million equity round was led by Investisseurs & Partenaires with participation from AAIC, FINCA Ventures and Beyond Capital.
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Lapaire, the pan-African eyecare company, has secured $3 million in capital to support its strategic expansion across the continent.
The $3 million equity round was led by Investisseurs & Partenaires with participation from AAIC, FINCA Ventures and Beyond Capital.
In 2018, Swiss-born entrepreneur Jérôme Lapaire, founder of Lapaire, identified an opportunity to sell eyeglasses to price-sensitive customers in Africa. Lapaire Glasses now has 58 branches across several African countries with 350 employees. The company aims to open 300 new eye care centres across Africa.
"Over the last few years, we worked hard to build a highly scalable model and we are now in the best position to accelerate our growth to positively impact the life of 1 million people across the continent by 2026," says Lapaire.
Advisory support to Lapaire for this investment was provided by CrossBoundary through USAID’s ATI programme.
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