What is Visibly?
Visibly provides a comprehensive technology platform designed to enhance the optical experience across various settings, including home, mobile, and in-store environments. The company's solutions empower businesses to offer services such as online vision prescription renewal, remote visual acuity testing, and video consultations with licensed eye care professionals for non-emergency issues. Furthermore, Visibly facilitates prescription verification and automates the fulfillment process for contact lenses and eyewear. This integrated approach aims to improve patient access to vision care, streamline regulatory compliance, and elevate the overall patient experience within the optical industry.
How much funding has Visibly raised?
Visibly has raised a total of $28.2M across 5 funding rounds:
Angel/Seed
$1M
Series A
$9.8M
Private Equity
$9M
Debt
$350K
Debt
$8M
Angel/Seed (2014): $1M with participation from Tribeca Venture Partners and Chicago Ventures
Series A (2016): $9.8M led by Tribeca Venture Partners, Jump Capital, Corazon Capital, Chicago Ventures, Pritzker Group Venture Capital, and NextGen Venture Partners
Private Equity (2018): $9M supported by Pritzker Group Venture Capital, Trust Ventures, and Jump Capital
Debt (2020): $350K featuring PPP
Debt (2020): $8M, investors not publicly disclosed
Key Investors in Visibly
Tribeca Venture Partners
Tribeca Venture Partners is a multi-stage venture capital firm based in New York that partners with entrepreneurs to leverage emerging technologies and innovative business models. The firm is dedicated to supporting gritty and determined founders in building category-defining companies.
Chicago Ventures
Chicago Venture Partners, L.P. is a private equity investment firm specializing in buyouts, late stage growth equity investments and PIPES. The company's constant striving is to find and create circumstances that combine great business opportunities, uncommon managerial talent, and financial capital.
Pritzker Group Venture Capital
Pritzker Group is a family-backed investment firm that focuses on long-term partnerships with companies, particularly those that are entrepreneur- and family-owned. The firm offers a permanent capital base that facilitates efficient decision-making and flexible transaction structures.
What's next for Visibly?
The substantial enterprise-level funding and recent strategic investment indicate Visibly is poised for significant scaling and market expansion. This capital infusion is likely to be directed towards enhancing its technological infrastructure, broadening its service offerings, and potentially expanding its geographic reach. The company's focus on improving patient access and streamlining operations suggests a strategic direction towards becoming a dominant player in the digital health and optical technology space. Future developments may include deeper integration with healthcare providers and further automation of the eyewear and contact lens supply chain.
See full Visibly company page
