News Briefs Archive

Eyecare Telemedicine Company Secures $16 Million in Funding

May 30, 2018

Simple Contacts, a telemedicine company for eyecare, has announced $16 million in funding from Waypoint Capital Partners, with participation from returning investors Goodwater Capital, Steven Cohen, executives from Flatiron Health and prominent ophthalmologists. The new round brings Simple Contacts’ total funding to $26 million, according to a press release issued by the company.

Simple Contacts says in the release that this funding follows a year that saw sales grow “fivefold,” in which the company provided contact lens prescriptions for “tens of thousands” of Americans.

The company plans to use the new funding to invest in marketing and customer service, open new offices, and eventually expand the business to address additional healthcare categories.

“Simple Contacts is uniquely positioned to revolutionize digital health,” says Eric Kim, partner at Goodwater Capital. “The patient service model they’ve developed is quickly becoming the new standard for healthcare, and will only increase in demand as informed consumers look for safe, innovative solutions to routine healthcare issues.”

“We are thrilled to look back and see how much we’ve grown in the last year, but we still have a ton of work to do,” says Joel Wishkovsky, CEO and co-founder of Simple Contacts. “With this investment, we look forward to increasing access to safe and affordable eyecare for millions more Americans.”

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