Warby Parker Competitor Rivet & Sway Raises $2 Million More
Rivet & Sway, which sells prescription glasses online to women at $199 a pair, has raised $2 million in capital. The lead investor was Mousse Partners, with its existing investors Baseline Ventures and Harrison Metal also participating. The Seattle company has now raised $3.3 million in total, a fraction of the $50 million raised by New York-based Warby Parker. Rivet & Sway said it will use the proceeds this year for hiring, introducing sunglasses, and for launching a $50 discount for Valentine’s Day.