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We are pleased to report that portfolio company Lucyd has accomplished a successful Regulation Crowdfund through its US operating entity, Innovative Eyewear Inc. The offering raised the maximum allowable amount according to Reg-CF rules at time of launch. As a result of this investment, Lucyd was able to introduce their new Lucyd Lyte™ line, begin development of their Vyrb social media app, file new patents and trademarks, expand its team and run a number of national US TV campaigns for Lucyd eyewear.
The reception of Lucyd Lyte has been very positive since its January 2021 launch, receiving over 100 5-star reviews across Amazon and Lucyd.co. The Lyte’s initial production run of 2,000 units was nearly sold out in just two months since launch. The company has already ordered an additional 3,000 units to meet increasing demand for Lucyd’s designer e-glasses. Lucyd plans to introduce several new styles this June, followed by a beta launch of the Vyrb app later this summer.
Read the coverage in Vox Markets.