My Optique Group
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My Optique Group - overview
Established
2004
Location
London, England, UK
Primary Industry
Retail
About
Based in the UK, MyOptique Group Ltd. operates as an online retailer specializing in prescription eyewear, offering a wide variety of glasses and sunglasses to consumers across Europe. MyOptique Group Ltd. specializes in online retail of prescription eyewear.
Founded in 2004 and headquartered in London, UK, the company was acquired by Essilor International in August 2016 for EUR 140 million. The company has successfully completed 9 deals to date, with its latest funding round raising GBP 20. 00 mn from notable investors including Acton Capital and Index Ventures. MyOptique Group specializes in the online retail of prescription eyewear, focusing on providing a diverse range of eyewear products, including prescription glasses and sunglasses.
Since its inception in 2004 with the launch of Glasses Direct, the company has positioned itself as a pioneer in the eyewear industry, challenging conventional purchasing methods through its innovative online platform. Their services address common challenges faced by consumers when buying glasses online, such as transparency in pricing, a vast selection of styles, and efficient delivery options. The company markets its products primarily in the United Kingdom and extends its reach to several European countries. MyOptique Group generates revenue through direct-to-consumer sales of its eyewear products via its online platform.
In 2024, the company's revenue amounted to GBP 41,092,390, while it reported an EBITDA of GBP -5,696,509. The business operates on a B2C model, with partnerships enhancing distribution. MyOptique Group is focused on expanding its product line and enhancing its online platform. With the recent funding of GBP 20.
00 mn, the company will invest in developing new eyewear options and improving customer experience. The firm aims to enter additional European markets by 2025, leveraging its strong online presence and innovative offerings. The completion of its acquisition by Essilor International will further support these growth initiatives.
Current Investors
Kreos Capital, Index Ventures, LocalGlobe
Primary Industry
Retail
Sub Industries
Accessories, Retail, Optometrists & Opticians Products and Services
Website
www.myoptiquegroup.com
Verticals
E-commerce
Company Stage
Acquired
Total Amount Raised
Subscriber access only
My Optique Group - timeline of key events
My Optique Group - financials
| Fiscal Year Ended | Apr 30, 2012 | Apr 30, 2013 | Apr 30, 2014 | Apr 30, 2015 | Apr 30, 2016 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 12,525,393 | 16,175,037 | 27,281,269 | 30,315,022 | 50,959,006 | 14,023,727 | 25,073,599 | 28,861,217 | 28,945,931 | 29,718,215 | 31,771,538 | - | - | - |
| % Revenue Growth (YoY) | - | 29.1% | 68.7% | 11.1% | 68.1% | - | - | 15.1% | 0.3% | 2.7% | 6.9% | - | - | - |
| EBITDA (USD) | (3,293,332) | (1,181,130) | 2,388 | (3,070,799) | (6,435,720) | (18,975,940) | (5,797,229) | (2,943,458) | (3,751,688) | (980,515) | 112,774 | - | - | - |
| Operating Income (USD) | (4,140,152) | (2,292,318) | (1,626,383) | (4,765,855) | (13,627,930) | (20,010,924) | (6,755,050) | (4,746,592) | (4,615,762) | (1,923,246) | (711,489) | - | - | - |
| Operating Margin | (33.1%) | (14.2%) | (6.0%) | (15.7%) | (26.7%) | (142.7%) | (26.9%) | (16.4%) | (15.9%) | (6.5%) | (2.2%) | - | - | - |
| % EBITDA Margin | (26.3%) | (7.3%) | 0.0% | (10.1%) | (12.6%) | (135.3%) | (23.1%) | (10.2%) | (13.0%) | (3.3%) | 0.4% | - | - | - |
| NET Income (USD) | (4,350,873) | (3,140,376) | (2,199,310) | (5,225,934) | (14,699,385) | (22,791,166) | (5,964,031) | (4,393,929) | (3,455,862) | (1,205,215) | 649,734 | - | - | - |
| % Net Margin | (34.7%) | (19.4%) | (8.1%) | (17.2%) | (28.8%) | (162.5%) | (23.8%) | (15.2%) | (11.9%) | (4.1%) | 2.0% | - | - | - |
My Optique Group - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Buyout | Completed | My Optique Group | - |
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My Optique Group - employee data
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