Technology Crossover Ventures (TCV), an investment company with offices in the U.S. and in London, has invested €45 million in Brillen.de, a family-run multi-channel provider of prescription eyewear in Germany. Brillen.de plans to use the funds to expand its executive team and enter new markets including the U.S.

The company currently has operations in Germany, Austria, Spain and the U.K. TCV's investment in Brillen.de is the first institutional backing for the family-owned German company and is described by TCV as one of the largest venture capital rounds in Germany in 2016.

Brillen.de is part of Supervista, whose sites include Gafas.es in Spain and Specsfactory in the U.K. Supervista, which is headquartered in Wildau, near Berlin, also leverages a distribution network of more than 700 affiliated traditional opticians.

Brillen.de was founded in 2012 by Matthias Kamppeter, his wife Christine Kamppeter, and Daniel Thung. Kamppeter comes from a family of ophthalmologists that holds a number of industry patents. His father, a renowned ophthalmologist, is an adviser and investor in Brillen.de. Before founding the company, Matthias Kamppeter and his wife managed around 20 optical retail stores in Germany.

TCV provides growth equity for both private and public technology companies internationally. It is headquartered in Palo Alto, California, with offices in New York and London. Since inception, TCV has invested nearly $9 billion in more than 200 technology firms, with selected investments in Expedia, Facebook, GoDaddy, Groupon, Netflix, and Spotify, among others. Over the past five years, TCV has invested more than $600 million in technology companies headquartered in Europe.

Concurrent with the funding, John Doran, principal at TCV, and Simon Breakwell, venture partner at TCV, have joined Brillen.de's supervisory board. Digital Capital Advisors (DCA) Europe has acted as exclusive financial adviser to TCV in the transaction.