Coral Eyewear opens investment round
The brand, which creates frames from recycled plastics, is crowdfunding to support expansion
13 July 2023
Coral Eyewear has launched a fundraising round to support its ambitions to expand.
The sustainability-focused brand launched in 2019 with a focus on creating glasses and sunglasses from recycled plastic.
The brand was established by father and son team, George and Calvin Bailey. Calvin has more than two decades of experience in the optical market, while as a student at the University of East Anglia, George secured the UEA Enterprise Fund along with funding from TV presenter and podcaster, Jake Humphrey.
George Bailey of Coral Eyewear spoke with the OT team at 100% Optical about the brand’s partnerships and sustainable design.
Introducing the crowdfunding drive, the brand hinted that a new distribution agreement with an Australian-based business is set to be announced in the coming weeks.
The brand has more than 100 stockists across the UK, US and is set to grow in the Australian market.
The crowdfunding campaign on Crowdcube enables supporters of the brand to invest from £18.
George Bailey, co-founder of Coral Eyewear, said: “I’m excited to be able to offer our customers and wider community the opportunity to own a part of Coral Eyewear’s future.”
“The response so far has been incredible and it’s nice to see so many individuals across the eyewear industry supporting the campaign,” he added.