W Media Ventures

Long-term partner Acton Capital (for whom I act as a venture partner for North-America) has just announced their first investment of their new late-stage consumer internet fund joining Index Ventures and Highland Capital Partners as an investor in Glasses Direct. UK-based Glasses Direct is Europe’s largest online prescription glasses retailer and will use the funds to expand the UK business and to support a significant push into the US market. It was the second round of financing for Glasses Direct; total amount of the roudn was £10m (about 18 million Canadian dollars).