On October 21, 2022, Nolk, a Montréal-based group focused on helping sustainable direct-to-consumer businesses thrive, announced the completion of a $30M Series A funding round led by the Fonds de solidarité FTQ, with participation from Fondaction, EDC, Panache Ventures and private investors, as well as its recent acquisition of Ergonofis and Opposite Wall, two companies with solid ESG values.
Ergonofis develops well-designed, durable office products that improve their customers’ health and productivity, and Opposite Wall designs home decor products in accordance with the latest sustainability standards.
Today, the Nolk brand portfolio includes eleven complementary brands, seven of which are in the house goods segment. It relies on its advanced technologies, innovative acquisition techniques, data science, and operational expertise to propel its brands to rapid growth.
A Fasken team composed of Adam Saskin, Guillaume Synnott, Jonathan Raizenne, Gabriel Paquette, Eliot Mathieu-Proteau, Marianne Khairi-Arancibia, Tristan Lalumière-Roberge and Lucas Noradounkian advised Nolk in connection with this transaction.
Jurisdiction
- Québec
