A consortium of investors has committed £10 million to Glasses Direct, a company which supplies prescription glasses by post.

A consortium of investors has committed £10 million to Glasses Direct, a company which supplies prescription glasses by post.

The funding will be used for working capital and will help expand the business both within the UK and overseas, according to founder Jamie Murray Wells.

Munich-based Acton Capital Partners was a new investor in the round, along with existing investors Index Ventures and Boston-based Highland Capital Partners. Some of the company’s earliest investors, including members of Wells’ family, also made a contribution.

Wells comments, ‘The first three months this year in the UK [have seen] the best performance ever for Glasses Direct.’