Ivory Coast-based eyecare startup Lapaire secured $3 M Equity funding to fuel its growth
Lapaire, an eyecare startup based in the Ivory Coast, has raised US $3 million in equity funding to support its expansion throughout Africa.
Established in 2018, Lapaire provides a reliable and easily accessible eye care experience by utilizing a customer-focused one-stop shop to offer fashionable, high-quality eyewear at reasonable prices.
Over 300,000 people have had their eyes tested by the startup so far, and 180,000 of them have had their lives improved. In six African countries (Ivory Coast, Togo, Benin, Mali, Burkina Faso, and Uganda), Lapaire fully operates 58 branches.
Investisseurs & Partenaires (I&P) led Lapaire’s US $3 million funding round, in which AAIC, FINCA Ventures, and Beyond Capital also participated. The money raised will be put toward continuing to optimize operations and growing Lapaire’s presence in both existing and emerging African markets. It plans to establish 300 new eye care facilities throughout 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 one million people across the continent by 2026,” said Jerome Lapaire, founder and CEO of Lapaire.
