Hubble Contacts Closes Series A-III Financing to Support Global Growth

Subscription Contact Lens Brand Sets Sights on Canada and Beyond
Following a $10MM Raise

NEW YORK–(BUSINESS WIRE)–#ContactsHubble,
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.

“When we launched Hubble 10 months ago, we only had eight employees. Now
we have almost 100 people working with the business, both domestically
and abroad, and the business continues to grow every day,” said Ben
Cogan, Co-Founder and Co-CEO of Hubble. “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 only $40 CAD a month. Every new customer gets their first two weeks
of lenses for free (+$4 CAD s/h), and subscriptions can be canceled at
anytime (including during the free period).

About Hubble

Founded in 2016, Hubble
is America’s first direct-to-consumer contact lens brand, dedicated to
making it affordable and convenient to purchase high-quality contact
lenses for a fair price. Through a subscription service, Hubble is able
to offer consumers affordable, high-quality, FDA-approved contact lenses
with minimal hassle and maximum convenience.

Hubble’s contact lenses are available at www.hubblecontacts.com
for $30/month for a monthly subscription. Every new customer gets their
first two weeks of lenses free (+$3 S/H), and can cancel anytime,
including during the free period.

Contacts

LaForce
Rebecca Simon, (646) 807-4992
RSimon@laforce.nyc