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Funds Think Warby Parker Is Worth $1 Billion

Bloomberg business news

Is Warby Parker Joining the $1B Club?

Warby Parker Retail Inc., the eyeglass retailer known for its inexpensive and stylish frames, could be the latest startup to join the $1 billion club.

The company has been approached by funds looking to buy a stake, people with knowledge of the matter said. Those potential investors are willing to value Warby Parker at more than $1 billion, said the people, who asked not to be identified discussing private information. At that level, Warby Parker’s valuation would be about double what it received in 2013, the people said.