Breezm operator Coptic raises 10B won pre-IPO to build smart glasses
What's the deal? Coptic, the South Korean company behind personal eyewear brand Breezm, has raised 10 billion won (about $6.8 million) in a pre-IPO round led by Sevenbridge Private Equity. The deal splits into 7 billion won in new shares and 3 billion won in secondary share purchases, lifting Coptic's cumulative funding to 29 billion won.
What's the endgame? Coptic uses AI-based custom design and digital manufacturing to build made-to-order eyewear. It now plans to extend that technology into smart glasses, moving into the next-generation wearable market.
What's the money for? The company will expand domestic dealerships, open more US stores, strengthen online commerce, and develop smart glasses.
The expansion: A key plank is the US push — additional stores plus stronger online commerce aimed at American buyers. Sevenbridge cited overseas store growth and US-focused e-commerce as mid-to-long-term drivers behind its investment.
Why now? Coptic has selected KB SecuritiesDealroom has a profile for this one. Try Dealroom → as lead underwriter and is running its listing process. It said the round would help accelerate business expansion and IPO preparations.
The investor pointed to Coptic's technical edge in personalised eyewear and its growth this year. Breezm was recently adopted as a case study for Harvard Business School's executive program, where chief executive officer Park Hyung-jin presented the eyewear industry's digital transformation.
The signal: The round reflects investor appetite for mass customisation — companies that design and produce goods from personal data. For Coptic, the pre-IPO capital marks a bridge from a made-to-order glasses maker toward a broader personal eyewear platform.
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