202410 Apr

Flow Capital Announces a US$2 Million Follow-On Investment in MiniLuxe

Summary

Since Flow Capitals initial investment of US$2.5M in 2021, MiniLuxe has demonstrated impressive growth, expanding its studio fleet footprint and continuing to deliver industry-leading innovation in its products & services.This follow-on investment further underscores our firms strong conviction in MiniLuxes mission and business, their leadership team, and their ability to capitalize on the current opportunity set. For over a decade, MiniLuxe has been elevating industry standards through healthier, ultra-hygienic services, a modern design esthetic, socially responsible labor practices, and better-for-you, cleaner products. MiniLuxes aims to radically transform a highly fragmented and under-regulated self-care and nail care industry through its brand, standards, and technology platform that collectively enable better talent and client experiences. In addition to creating long-term durable economic returns for our stakeholders, the brand seeks to positively impact and empower one of the most diverse and largest hourly worker segments through professional development and certification, economic mobility, and company ownership opportunities (e.g., equity participation and future franchise opportunities). All subsequent written and oral forward- looking information and statements attributable to the Company or persons acting on its behalf is expressly qualified in its entirety by this notice.Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Source: Globenewswire

Funding

$2M
Amount
Apr 10 2024
Date
-
Investor
Miniluxe
Company

Classifications

Companies