LONDON and WILDAU, Germany—SuperVista AG, the parent company of Brillen.de a leading multi-channel provider of prescription eyewear in Germany, announced that Technology Crossover Ventures (TCV) has invested €45 million in the company which will enable it to expand its executive team and enter new markets including the U.S. beyond Germany, Austria, Spain and the U.K. where it currently operates.

Among TCV’s selected investments in past years have been in such companies as Facebook, Fandango, Netflix, Spotify, Zillow and others. TCV provides growth equity for both private and public technology companies in the U.S, Europe and internationally. TCV’s investment in Brillen.de is the first institutional backing for the family-owned company and is among the largest venture capital rounds in Germany in 2016.

Supervista, whose sites include Gafas.es in Spain and Specsfactory in the U.K., sells prescription eyewear online but also leverages a large distribution network of more than 700 affiliated traditional opticians.

Founded in 2012, Brillen.de has grown quickly by enabling independent opticians to capture market share and expand their customer base through efficient marketing, high-quality products, competitive pricing and customer service.

Brillen.de was founded by Matthias Kamppeter, his wife Christine Kamppeter, and Daniel Thung. Before founding the company, CEO Kamppeter and his wife managed approximately 20 optician stores in Germany. Kamppeter has extensive sector knowledge and comes from a family of ophthalmologists that holds a number of industry patents. His father, a highly-regarded ophthalmologist, is an advisor and investor in Brillen.de. Co-Founder Thung, who is also a member of the company’s supervisory board, brings both capital markets and IPO experience in the tech sector.

“From the moment we met with TCV we knew they were the right investors to help us take Brillen.de to the next level and expand our service globally,” said CEO Kamppeter. “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.”

“We are delighted to work with a renowned investor like TCV and welcome their support as we continue to grow the company,” said Thung. “TCV’s focus on management teams and operational excellence combined with their international experience and strong culture are a great fit for us.”

Concurrent with the funding, John Doran, principal at TCV, as well as Simon Breakwell, Venture Partner at TCV, joined Brillen.de’s supervisory board.

“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,” said Doran. Brillen.de has a unique, vertically integrated omni-channel model, multiple opportunities for growth, and an excellent management team with deep domain expertise. We are delighted to partner with Matthias and the SuperVista AG team.”

Digital Capital Advisors (DCA) Europe acted as exclusive financial advisor to TCV in this financing.