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Smart Vision

Matīsa iela 78A, Rīga, LV-1009, Latvia

Overview

Smart Vision operates B2B and B2C platforms that digitize optics and eyewear retail and automate traditional brick-and-mortar workflows. Its B2B platform connects manufacturers, opticians, and optometrists, automating order placement, manufacturing selection, and delivery. The B2C platform offers virtual try-on via phone or computer, a free home try-on service for up to four frames, and 100% free remote eye checks. The company delivers frames and lenses directly from manufacturers without intermediaries and says its product is “100% Made In EU.” Smart Vision uses developed algorithms to control manufacturing and logistics, speeding production and global delivery. CEO Arūnas Vismantas reports improved processes and steadily growing conversion rates. Financially, Smart Vision recorded €1.8M from Open Circle Capital in January 2021 and raised an additional €600K later in the year, bringing total investment this year to €2.4M; the company plans a Crowdcube campaign targeting €2M and expects crowdfunding to attract a further €5–10M.

Total raised
$1M
Funding rounds
1
Latest round
Equity
Latest activity
Jul 2021

Industries

  • Beauty
  • E-Commerce
  • Eyewear
  • Fashion
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Recent funding

  1. Equity

    Jul 2021

    $1M

Team