Pan-African eyecare startup, Lapaire, has secured US$3 million in equity funding to support its expansion plans across Africa.
Established in 2018, Lapaire has been delivering reliable and accessible eyecare services by offering stylish, quality eyeglasses at reasonable prices through a customer-centric one-stop-shop model. Since its inception, the startup has conducted eyesight tests for over 300,000 individuals, significantly improving the lives of 180,000 among them.
Operating 58 branches in six African countries, namely Ivory Coast, Togo, Benin, Mali, Burkina Faso, and Uganda, Lapaire plans to use the recently secured funds to extend its reach in these existing markets and to venture into new ones.
The funding was led by Investisseurs & Partenaires (I&P), and saw participation from AAIC, FINCA Ventures, and Beyond Capital.
The firm is looking forward to opening 300 new eyecare centres across Africa. Jerome Lapaire, Lapaire’s founder and CEO, expressed that their diligent work over the years in building a scalable model has put them in an ideal position to accelerate growth and positively impact the lives of a million people across the continent by 2026.
