Flow Capital Announces a US$1.675M Follow-On Investment in MiniLuxe
11 Março 2025 - 6:01PM
Flow Capital Corp. (TSXV:FW) (“Flow Capital”), a leading provider
of flexible growth capital and alternative debt solutions,
announces a third follow-on investment of US$1.675 million in
MiniLuxe Holding Corp. (TSXV: MNLX) (“MiniLuxe” or the “Company”),
an existing portfolio company.
Flow Capital has been a long-standing capital
partner of MiniLuxe, an innovative product and premium service
provider in the beauty and self-care space. With this latest
investment, Flow Capital’s total aggregate investment in MiniLuxe
will reach US$6.175 million. The additional funding will support
the Company’s growth and be used for general working capital
purposes.
“MiniLuxe delivered excellent results in 2024,
and is poised to continue growing in 2025. This latest follow-on
investment is a reflection of our belief in their vision and
industry leadership,” said Alex Baluta, CEO of Flow Capital. “We
look forward to seeing MiniLuxe’s continued success as they expand
their market presence through franchising and joint venture
initiatives.”
"We are pleased to continue our relationship
with Flow Capital, which has been a key part of our overall capital
strategy since our listing on the TSXV. This latest commitment of
capital from Flow provides flexibility in its uses while extending
the maturity of our existing debt to 2028. In this regard, Flow
stands out with its non-amortizing loan offering and its ability to
act swiftly with a long-term partnership mindset," said Tony Tjan,
CEO of MiniLuxe.
Flow Capital continues to focus on helping
high-growth companies achieve their milestones by providing fast
access to growth capital. All growing technology companies, seeking
covenant-light founder-friendly growth capital, are invited to
apply for funding directly on their website at
www.flowcap.com/get-funding.
About Flow Capital
Flow Capital Corp. is a publicly listed growth
venture debt lender dedicated to supporting high-growth companies.
Since its inception in 2018, the Company has provided financing to
businesses in the U.S., the U.K., and Canada, helping them achieve
accelerated growth without the dilutive impact of equity financing
or the complexities of traditional bank loans. Flow Capital focuses
on revenue-generating companies seeking $2 to $10 million in
capital to drive their continued expansion. For more information on
Flow Capital, please visit www.flowcap.com.
About MiniLuxe
MiniLuxe, a Delaware corporation based in
Boston, Massachusetts. MiniLuxe is a lifestyle brand and talent
empowerment platform servicing the beauty and self-care industry.
Through its company-owned and partner-operated studios, Company
delivers high-quality nail care and esthetic services that
incorporate the brand’s proprietary products. For over a decade,
MiniLuxe has been elevating industry standards through healthier,
ultra-hygienic services, modern design, ethical labor practices,
and better-for-you, cleaner products. MiniLuxe’s vision is to
radically transform the highly fragmented and under-regulated
self-care and nail care industry through its brand, standards, and
technology platform that together enable better talent and client
experiences.
Towards building long-term durable value for its
stakeholders, MiniLuxe is expanding its reach through franchising
and operating JV partners seeking ownership and impact with a brand
recognized as the best nail salon franchise. Through self-care and
self-expression, MiniLuxe is empowering one of the largest hourly
work forces through professional development, economic mobility,
and equity ownership. Since its founding, MiniLuxe has performed
over 4.5 million services.
For further information, please contact:
Flow Capital Corp.
Alex Baluta Chief Executive Officer alex@flowcap.com
47 Colborne Street, Suite 303, Toronto, Ontario M5E 1P8
Miniluxe Holding Corp.
Christine Mastrangelo Corporate Secretary and Investor
Relations cmastrangelo@miniluxe.com
Forward-Looking Information and
Statements
Certain statements herein may be
“forward-looking” statements that involve known and unknown risks,
uncertainties, and other factors that may cause the actual results,
performance, or achievements of Flow or the industry to differ
materially from those expressed or implied by such forward-looking
statements. Forward-looking statements involve significant risks
and uncertainties, should not be read as guarantees of future
performance or results, and will not necessarily be accurate
indications of whether such results will be achieved. A number of
factors could cause actual results to vary significantly from the
results discussed in the forward-looking statements. These
forward-looking statements reflect current assumptions and
expectations regarding future events and operating performance and
are made as of the date hereof. Flow assumes no obligation, except
as required by law, to update any forward-looking statements to
reflect new events or circumstances.
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