NEW YORK – July 7, 2016 - Digital Capital Advisors, LLC ("DCA") is pleased to announce that their European partner, Digital Capital Advisors Europe (“DCA Europe”) has served as exclusive financial advisor to Technology Crossover Ventures on its €45MM ($49MM) investment in Brillen.de, a multi-channel prescription eyewear provider in Germany.
The transaction represents Technology Crossover Ventures’ first investment in a Berlin-based company and this year's largest VC financing in a German consumer internet company.
Brillen.de built an online marketplace to sell its original eyewear and help independent opticians find new customers. Having started as the first hybrid-model optician retailer in Germany, Brillen.de now partners with over 700 independent opticians, making it the premier multi-channel retailer for eyewear. In addition to offering opticians a new distribution channel, the Company gives customers the opportunity to acquire high-quality products at competitive prices while benefitting from excellent customer service.
Based in Silicon Valley and with offices in New York and London, TCV is a leading provider of growth-stage financing for public and private companies in the technology industry. Having invested more than $9BN in over 200 technology leaders, TCV’s portfolio companies include Facebook, Spotify, Netflix, Expedia, and Dollar Shave Club.
Matthias Kamppeter, CEO of Brillen.de: “It’s clear an investment from TCV goes far beyond an influx of capital. They are committed to helping us strengthen our financial structure, improve our sales and marketing processes and build out our technology team.”
John Doran, Principal at TCV: “At TCV, we invest in technology-driven businesses with sustainable business models that are focused on disrupting large industries and Brillen.de very much fits that mold.”
This deal follows a number of other successful transactions with DCA Europe as the exclusive financial advisor, such as the sale of smartclip, BodyChange, stylefruits, DailyDeal, and ContentFleet.