Ivory Coast's Lapaire Secures $3 Million in Funding for Pan-African Expansion

Ivory Coast's Lapaire Secures $3 Million in Funding for Pan-African Expansion

By Staff Writer, 15 January 2024

Eyecare startup Lapaire, based in Ivory Coast, has successfully secured $3 million in equity funding to propel its growth strategy and extend its reach across the African continent.

Established in 2018, Lapaire distinguishes itself by providing a reliable and easily accessible eyecare experience.

Employing a customer-centric approach, the startup offers a comprehensive service, delivering stylish, high-quality eyeglasses at affordable prices.

To date, Lapaire has conducted eyesight tests for over 300,000 individuals, resulting in enhanced vision for 180,000 people.

The company currently operates 58 branches in six African countries, including Ivory Coast, Togo, Benin, Mali, Burkina Faso, and Uganda.

The recent $3 million funding round for Lapaire was led by Investisseurs & Partenaires (I&P), with participation from AAIC, FINCA Ventures, and Beyond Capital.

The raised funds will be utilized to expand Lapaire's presence in existing and new African markets, with a specific focus on optimizing its operations.

The company aims to establish 300 new eyecare centers across Africa.

Jerome Lapaire, the founder and CEO of Lapaire, expressed optimism about the company's future.

"Over the last few years, we worked hard to build a highly scalable model, and we are now in the best position to accelerate our growth to positively impact the life of one million people across the continent by 2026," he stated.

Tom Jackson / Disrupt Africa

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