Ace & Tate is an Amsterdam-based direct-to-consumer eyewear brand that sells frames through physical stores and online channels. The company offers omnichannel services including virtual styling, online optician appointments, an online eye test (available in the Netherlands and Germany), and a Virtual Try-On slated to add facial analysis. It has grown 60% year-on-year for the past two years and recorded its first operationally profitable months in 2019; the brand expects to more than double revenue over the next two years. Ace & Tate plans to use the €14.25M funding to expand retail into new European markets, invest in technologies to advance its omnichannel model, and pursue environmental responsibility initiatives. The company is committed to opening 16 stores in 2020 to reach a total of 70 stores across 10 countries. Existing investors include Rinkelberg Capital LTD (lead), Global Founders Capital, Investion and various angel investors; the round brings total funding to €57.5M.

Total raised

$16M

Funding rounds

1

Latest round

Equity

Latest activity

Jul 2020