Waypoint Capital Partners
555 Theodore Fremd Ave., Suite C-207, Rye, NY, 10580, United States
Overview
Way Point Capital Partners is a venture capital firm that provides entrepreneurs and businesses with expertise and resources or funds. The company listens to its clients' needs and provide a high degree of flexibility in structuring investments to meet their objectives. It continues to provide access to capital and expert resources through an efficient, transparent process throughout the life of the investment. If there’s a bump in the road, as always happens, they'll fix it. Lastly, unlike traditional funds, our decision to exit the business is never dictated by the need to get capital back to limited partners to raise another fund, but rather, based upon what is in the best interest of our management teams and portfolio companies.
- Total investments
- 1
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 2
Sector focus
- Consulting
- Financial Services
- Management Consulting
- Venture Capital
Investment portfolio
- Simple Contacts
Participated · Equity · May 2018
Simple Contacts is a NYC-based telemedicine company offering a platform for patients to renew contact lens prescriptions from home. The company is led by CEO and cofounder Joel Wishkovsky. It plans to use the new funding to invest in marketing and customer service, open new offices, and expand the business to address additional healthcare categories. The company secured $16m in the latest funding round, bringing total funding to $26m. Backers named in the round include Waypoint Capital Partners, Goodwater Capital, Steven Cohen, executives from Flatiron Health, and leading ophthalmologists. Simple Contacts intends to scale its telemedicine eye-care services using these proceeds. Simple Contacts is a NYC-based ocular telemedicine company that enables patients to renew contact lens prescriptions from home. Its platform provides an online vision test and a contact-lens ordering system so users can renew prescriptions and have contacts shipped without visiting a doctor’s office. The company is led by founder Joel Wishkovsky. Simple Contacts raised an $8M Series A, bringing its total funding to $10M to date. The new capital will be used to grow product and marketing teams and to expand marketing into new channels. The company also plans to bring the product to additional platforms, including Web and Android. Simple Contacts offers a mobile service that administers a standard ophthalmological test on a device, has results verified by a licensed ophthalmologist, and delivers a fresh prescription and contact lenses to users’ doorsteps. The company targets the recurring, easily addressable pain point that roughly 80% of contact-lens wearers visit an optometrist only to renew an existing prescription. Founder Joel Wish, a serial entrepreneur and former Techstars entrepreneur-in-residence who co-founded the 3D-printing startup Sols, launched the company to cut the high cost and inconvenience of refills that can exceed $100. The app is available in 20 states, including New York and California. Simple Contacts positions itself at the intersection of digital health and online consultations, aiming to make refills cheaper and more affordable for recurring customers. Financially, the company has raised $2 million in seed-stage funding to support its early operations and expansion across available states.