Led by impact investor Investisseurs & Partenaires (I&P), the new funding round brings together AAIC, FINCA Ventures, and Beyond Capital, alongside advisory support from CrossBoundary under USAID’s Africa Trade and Investment activity.
The capital injection will fuel Lapaire’s ambitious expansion plans, aiming to bring the gift of clear sight to millions across Africa.
Founder Jérôme Lapaire, a Swiss entrepreneur inspired by the continent’s potential, started Lapaire in 2018 after recognizing the vast need for accessible eyewear.
“Reports highlighted the huge unmet demand for glasses in Africa,” Lapaire explains. “I knew this wasn’t just about selling a product; it was about improving lives.”
With no prior experience in the industry, Lapaire took a bold step. He bypassed traditional retail, partnering with employers to offer free eye tests and affordable glasses directly to employees.
By prioritizing social impact and a sustainable business model, Lapaire is not just selling eyewear; it’s building a brighter future for millions across Africa.
This latest investment paves the way for Lapaire to expand its reach, opening new eye care centers and making a clear vision an achievable reality for all.
“We are delighted to partner with ISA to support the development of solar energy in Africa,” said Alain Ebobissé, CEO of Africa50. “This partnership will help to accelerate the deployment of solar energy in Africa and improve the lives of millions of Africans,” he added.
European Investment Bank (EIB) Global has injected $30 million into Seedstars Africa Ventures I, a venture capital fund empowering African startups and businesses through risk capital.
The Tony Elumelu Foundation (TEF), a leading philanthropic organization dedicated to empowering young entrepreneurs in Africa, has entered into a $6 million strategic partnership with the UAE Office of Development Affairs and the Khalifa Bin Zayed Al Nahyan Foundation.
The African Development Bank (AfDB) has pledged $20 million to bolster food security and water access for vulnerable communities in Senegal.
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