LensFactory Raises Funding from SIDIS Corp.

LensFactory Raises Funding from SIDIS Corp.

LensFactory LLC has secured an undisclosed funding round from SIDIS Corp. The deal brings additional monetary and strategic management resources to support LensFactory’s growth plan.

LOUISVILLE, KY - LensFactory, the online provider of replacement eyeglass lenses, today announced that the company has secured funding from SIDIS Corp after achieving 6x, year over year, revenue growth in 2014. The company will continue operating from its Louisville offices and will use the funding to fuel continued growth and enhance the services that they offer to their customers.

“We’re very happy to partner with SIDIS Corp because they believe in our vision to help people see well and look great in the eyeglass frames that they love,” said Brandon Powers, LensFactory co-founder and CEO. “2014 was a breakout year for LensFactory and this partnership will help us invest in our infrastructure so that we can continue to step on the gas in 2015.”

LensFactory was named one of Greater Louisville Inc’s 2014 Hot Dozen companies, and was the winner of the Louisville 5Across Startup Pitch Competition Championships held at Velocity Indiana. The company offers a wide selection of replacement eyeglass lenses online at up to a 75% discount from traditional brick and mortar retail establishments. LensFactory is able to pass these savings on to the customer by providing direct, online access to a national optical lab. Lens replacement is a cost effective, low pressure, high convenience solution when eyeglass lenses get scratched or new prescription lenses are needed. For more information, please visit www.LensFactory.com.

About LensFactory

LensFactory.com gives customers factory direct access to new prescription lenses in their eyeglass frames by mail, eliminating layers of middlemen and retail markup. By focusing on eyeglass lens replacement, LensFactory avoids the high return rates experienced by other online eyeglass companies caused by poor frame selection or improper fitting, as well as the lack of pupil distance measurements on the patient's prescription. Because LensFactory is working with the customer's existing glasses, additional measurements can be taken directly from the old lenses to ensure the new ones are fitted perfectly.

About SIDIS Corp

SIDIS Corp is a global technology oriented management and investment company focused on Life Science with business operations in Louisville and Covington, KY; Fort Collins, Colorado, China and Australia.