On Thursday, XP Health announced a $33.2 million Series B led by QED Investors with participation from Canvas Ventures, American Family Ventures, HC9 Ventures, Valor Capital Group and Manchester Story. The round comes less than two years after XP Health’s $17.1 million Series A.
XP Health members who buy eyeglasses virtually can save as much as 69% off the retail price, Moraes said. The company claims not to mark up the frames or lenses sourced directly from factories in Asia. Instead, XP Health generates its revenue through recurring membership fees.