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Hubble Contacts Raises $10 M to Finance Canada Expansion

Hubble, America’s first direct-to-consumer contact lens brand, announced today the close of a $10MM Series A-III financing round, and the company’s first step toward international growth, with a launch in Canada. The Series A-III raise, which will aid Hubble’s international expansion plans, was led by existing investors, including FirstMark Capital, Greycroft Partners, Founders Fund, Wildcat Capital Management and Two River.

Since launching in November 2016, Hubble has grown at a rapid rate, acquiring tens of thousands of new subscribers, and more than $30MM in venture capital financing. The company has continued to partner with a large network of doctors across the United States, further developing strong business relationships within the medical community, while continuing to offer consumers a convenient and affordable option for their daily contact lenses.

Earlier this year, Hubble raised $16.5MM in a Series A investment round, which provided the company with the opportunity to purchase additional inventory to accommodate their growing base of customers. Because of this continued growth, Hubble was able to raise an additional $10MM in Series A-III financing, which is funding the company’s international expansion plans. Hubble’s launch into Canada is only the first step toward further global expansion, with plans to launch into Europe over the next year.

Ben Cogan, Co-Founder and Co-CEO of Hubble, says, “Our mission is to continue to provide affordable, quality daily contact lenses to more people in more places, and to bring our product to Canada is just the beginning.”

“The direct-to-consumer model has become an integral part of the retail industry and we’re seeing more and more brands out there trying to replicate it,” noted Jesse Horwitz, Co-Founder and Co-CEO of Hubble. “Our company has seen tremendous success with this model in the U.S., and we are looking forward to continuing this success on an international level.”

Hubble contacts are now available at ca.HubbleContacts.com, for $40 CAD a month.

Read the full press release here.

Barbara Piper Announced as New President of Essilor Canada

Montreal, August 30, 2017: Today, Essilor Canada announced Barbara Piper as President effective September 1, 2017. Having worked at Essilor in various roles for more than 18 years, most recently as Vice President, Key Accounts Strategies & Solutions for Essilor of America, Barbara will be responsible for furthering the company’s growth strategy in Canada. Her mandate will centre on bringing innovation to market, facilitating partnerships and acquisitions, and connecting Canadians with eye health products to help them see better.

“Barbara has held several successful roles at Essilor and her knowledge of the lens business will benefit the profitable growth of the Essilor Group in Canada,” explained John Carrier, Chief Operating Officer, Essilor International. “Her track record for not only developing but executing growth strategies will propel our team to achieve a higher level of success. This is especially relevant today as the market continues to evolve and we face new challenges and opportunities.”

Essilor is focused on the development and wide distribution of new products for the segmented needs of consumers. For example, in Canada, Essilor will launch Varilux X and Crizal Sapphire 360 in early 2018. In addition to branding key products in key categories to increase awareness with Canadians, Essilor delivers a truly integrated service to eye care professionals, offering them training and marketing support.

“Essilor’s mission worldwide is to improve lives by improving sight for each person on our planet. In Canada, like everywhere else, the demand for vision correction and vision protection is growing,” said Barbara Piper, incoming President, Essilor Canada. “I’m inspired by the opportunity to work with eye care professionals and other partners to make better eye health a reality for Canadians.”

Barbara succeeds Pierre Bertrand, President, Essilor Canada, who will return to Dallas to begin a new role at Essilor of America effective mid-October. Pierre led Essilor Canada for almost three years and contributed to both its sales growth and profitability. The company thanks and acknowledges his passion for success in Canada.

8 Points Inc. Announces Exclusive Agreement with Barberini Eyewear

8 Points Inc. and Barberini Eyewear announce their new North American eyewear collaboration. Barberini eyewear has signed a three-year agreement under which 8 Points Inc. will become the exclusive Canadian and American distributor for ophthalmic frames and sunglasses with platinum glass Barberini lenses.

Gianni Vetrini, the CEO of Barberini Eyewear speaks about his product: “[…] Our company has a long history of making quality glass lenses and we are known for that above all. […] We have developed polarized lenses, our top product, together with the in-house design and construction of the machinery required to make them. In addition to polarized lenses we also make photochromic lenses with the Hydrogen Firing technique, innovative coatings and lenses in special glass. […] At last eyewear that focuses totally on lenses, obviously without neglecting aesthetics and comfort.”

Fernando Silva, president of 8 points Inc., said: “We couldn’t be more excited to be the North American distributor for such an opulent eyewear collection. This company boasts organic and luxurious products as they own the entire production from mining the rare earth, refining their glass, and producing their lenses. All their factories are established across Europe where they’re lenses are renowned as the best in the world.”

This luxury eyewear collection will be available across Canada and the USA starting September 1st, 2017.

Optik Special Edition – Focus on Contacts now Online!

The newest Optik digital supplement focused on the latest contact lens technology trends and practice building advice is now available.

Features in this issue include:

  • Updates from the British Contact Lens Assocation (BCLA) Conference, including news from the Dry Eye Workshop (DEWS II) report.
  • Outlook from industry executives on the Canadian contact lens retail landscape.
  • Advice from leading contact lens practices.
  • The latest contact lens technologies for UV and blue light blocking.

Visit FocusonContacts.ca to read the special issue, no subscription or sign-up is required.

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