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- Star Vision
Star Vision Valuation, Funding & Investors
Star Vision is valued at $448M as of January 2025.
Last Star Vision valuation
$448M
Secondary · Jan 2025
Last Star Vision funding round
$126M
Undisclosed stage · Jun 2018
Cumulative funding Star Vision raised
$126M
across 1 funding round
Key investors in Star Vision
CVC Capital Partners
VIG Partners
Star Vision Overview
About Star Vision
Star Vision is a Seoul-based beauty company founded in 2012 manufacturing colored contact lenses and fashion sunglasses. Operating under the O-Lens brand, it produces daily disposables in 200 designs and UV-protective eyewear, exporting to 30 countries including Japan and the United States with annual sales over 50 billion won.
Founded
2012
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Valuation
$448M (Jan 2025)
Sectors
Star Vision Valuation
Star Vision is currently valued at $448M, based on its secondary sale in January 2025. Read the announcement ↗
The round was led by CVC Capital Partners.
Star Vision's valuation has grown 1.5x from $299M at its undisclosed-stage round in June 2018 to $448M in January 2025, across 2 priced rounds.
Star Vision valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jan 2025 | Secondary | $448M |
| Jun 2018 | Undisclosed stage | $299M |
Star Vision Funding History
Star Vision has raised a total of $126M across 1 funding round, plus 1 secondary share sale.
Star Vision funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jan 2025 | Secondary | CVC Capital Partners (lead) | - | $448M | CVC agreed to acquire the entire 49% stake in Star Vision, operator of Korea's leading colour contact lens brand OLENS, from existing investors PS Alliance and Pearl Investment. The transaction valued the company in the upper KRW 600 billion range. The sellers had themselves bought the stake from VIG Partners in June 2022. |
| Jun 2018 | Undisclosed stage | VIG Partners (lead) | $126M | $299M | Star Vision is a leading South Korean contact lens retailer, established in 2012, operating the top color contact lens brand OLENS with over 400 outlets across Asia. In July 2018, VIG Partners invested in Star Vision by acquiring a 51% stake in management rights for 137.5 billion KRW (approximately $128.5 million), as part of VIG's third flagship fund. This control investment aligned with VIG's strategy targeting Korean companies with enterprise values from $70 million to $500 million. The deal represented a significant buyout for the PE firm, which held the stake until June 2022. In 2022, founder and CEO Park Sang-jin reacquired the 51% stake from VIG Partners for 210 billion KRW, implying a corporate value of around 420 billion KRW at that time, generating VIG a roughly 2x return. A consortium of PS Alliance and Pearl Investment purchased 49% of the stake, while Park increased his holding to 51%, becoming the largest shareholder with PS Alliance as the second-largest. This secondary transaction marked VIG's exit from Star Vision, one of its portfolio companies including lens-related investments like Samyang Optics. Star Vision demonstrated consistent growth domestically and internationally post-investment, prioritizing sustainable expansion through franchise support in Korea and entering markets like Japan in late 2022, where OLENS became a top brand. In a later 2025 transaction, CVC Capital Partners acquired the 49% stake from PS Alliance and Pearl Investment at a valuation in the high 600 billion KRW range, with the company's last year's EBITDA around 60 billion KRW, positioning it for global K-beauty expansion while founder Park retained control. |
Who has invested in Star Vision?
2 investors have backed Star Vision across its funding rounds, including CVC Capital Partners and VIG Partners.
Lead investors include CVC Capital Partners and VIG Partners.
Star Vision Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
This data is available for Pro users. Sign up to see all 2 Star Vision investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialStar Vision Competitors
Star Vision competitors include listed companies like The Beauty Tech Group and Evolus, and private ones like Athena Club, Wei Mei Zi, Chongqing Yuyan and WOW Skin Science.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $6M | - | $439M | - | ||
| Private | - | - | $418M | - | ||
| Private | - | - | $485M | - | ||
| Private | - | - | $410M | - | ||
| Publicly listed | $189M | $37M | $499M | 2.1x | ||
| Publicly listed | $297M | ($24M) | $528M | 2.0x |
Star Vision Public Comps
Star Vision is still privately-owned, but its public comps include The Beauty Tech Group, Evolus, Perfect Group Corp, Societe d'Articles Hygieniques, PZ Cussons, The Honest Company, Lavipharm, Betterware de Mexico, Alkaloid and Helen Of Troy.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $189M | $37M | 2.4x | 2.1x | 12.1x | 7.7x | |||
| $297M | ($24M) | 2.2x | 2.0x | (26.5x) | (94.3x) | |||
| $229M | $33M | 1.9x | 1.7x | 13.2x | 10.1x | |||
| $306M | $47M | 1.1x | 1.0x | 7.4x | 5.4x | |||
| $727M | $132M | 0.8x | 0.8x | 4.6x | 6.3x | |||
| $371M | ($8M) | 1.3x | 1.4x | (56.9x) | 20.0x | |||
| $72M | $17M | 4.8x | - | 20.8x | - | |||
| $829M | $152M | 1.2x | 1.1x | 6.6x | 5.4x | |||
This data is available for Pro users. Sign up to see all Star Vision competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Star Vision
| When was Star Vision founded? | Star Vision was founded in 2012. |
| Where is Star Vision headquartered? | Star Vision is headquartered in Seoul, South Korea. |
| Is Star Vision publicly listed? | No, Star Vision is a private, VC-backed company. |
| What is Star Vision's valuation? | Star Vision was last valued at $448M in its secondary sale in January 2025. |
| How much funding has Star Vision raised? | Star Vision has raised $126M across 1 funding round. |
| What was Star Vision's last funding round? | Star Vision's last funding round was a $126M undisclosed-stage round in June 2018, led by VIG Partners. |
| Who are Star Vision's investors? | Star Vision's investors include VIG Partners and CVC Capital Partners. |
| Which companies are comparable to Star Vision? | Companies comparable to Star Vision include Athena Club, Wei Mei Zi, Chongqing Yuyan, WOW Skin Science, The Beauty Tech Group and Evolus. |
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