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Flow Capital boosts MiniLuxe funding with US$1.75 million follow-on commitment

Story Highlights
  • Flow Capital is a listed Toronto lender providing flexible, non-dilutive growth capital and alternative debt to high-growth, revenue-generating companies across North America and the U.K..
  • Flow Capital committed up to US$1.75 million in follow-on funding to MiniLuxe, lifting total potential backing to US$7.925 million to accelerate studio, product and franchise expansion in nail care.
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Flow Capital Corp ( (TSE:FW) ) just unveiled an announcement.

Flow Capital has made a fourth follow-on investment commitment of up to US$1.75 million in MiniLuxe Holding Corp., with an initial tranche of US$1.35 million, bringing its total potential funding to US$7.925 million. The new capital is intended to support MiniLuxe’s expansion of its high-performing nail studio network and clean product line, enabling growth via franchising, joint ventures and acquisitions in the fragmented self-care and nail care market.

More about Flow Capital Corp

Flow Capital Corp. is a Toronto-based, publicly listed provider of flexible growth capital, alternative debt solutions and small equity investments for high-growth, revenue-generating companies in the U.S., U.K. and Canada. The firm targets VC-backed and founder-owned businesses seeking US$2 million to US$10 million in non-dilutive capital as an alternative to equity financing or traditional bank loans.

Average Trading Volume: 7,147

Technical Sentiment Signal: Sell

Current Market Cap: C$22M

Find detailed analytics on FW stock on TipRanks’ Stock Analysis page.

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