Warby Parker valued at $500 million

January 3, 2014 Leave a comment

Warby Parker valued at $500 million

By Dan Primack December 31, 2013: 11:43 AM ET

Warby Parker joins the half-billion dollar club.

FORTUNE — Earlier this month, Fortune reported that trendy eyeglass maker Warby Parker had raised $60 million in new venture capital funding from existing investors. Now comes word that the round came at a valuation of approximately $500 million. This is around double where Warby Parker was valued when it last raised money, a two-part $41.5 million Series B round that included closes in both September 2012 and January 2013. Tiger Global Management led the new investment, and was joined by return backers like General Catalyst Partners, Spark Capital, Thrive Capital and First Round Capital. New York-based Warby Parker has raised a total of $116 million since being Warby Parker declined to comment on valuation for our original story, and a company spokesperson was unavailable to speak for this update.

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Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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