Ecologyst Secures Strategic Investment from Coeuraj Capital, Accelerating Sustainable Growth and Building North America's First Net Zero Clothing Supply Chain
VICTORIA, BC, June 27, 2023 /CNW/ - Ecologyst, a leader in sustainable clothing manufacturing, is thrilled to announce a significant investment from Coeuraj Capital. This strategic partnership will enable Ecologyst to accelerate its mission of building North America's first net zero clothing supply chain.
"We are excited to partner with Coeuraj Capital as we embark on this next leg of our journey," said René Gauthier, CEO of Ecologyst. "We were fortunate to have several options when choosing a capital partner, and we agreed to terms with Coeuraj Capital because of their unwavering commitment to biosphere integrity and their long-term approach in achieving it. Together, we are determined to obliterate the notion that making a profit and doing good are mutually exclusive."
Ecologyst's ambitious plan to build North America's first net zero clothing supply chain reflects its dedication to UN Sustainable Development Goal 9 (Industry, Innovation and Infrastructure). By creating or retrofitting existing infrastructure, Ecologyst aims to enable the necessary changes toward a truly sustainable clothing industry. This innovative approach will drive systemic change, reducing carbon emissions and resource consumption throughout the supply chain.
"We are champions of innovative companies that defy convention and are fearless in their approach to achieving financial and societal impact," stated Duncan MacRae, Co-Founder and President of Coeuraj. "We choose Ecologyst for our first investment due to their unwavering dedication to sustainable manufacturing, reputation for high-quality products, and ambitions for driving systemic change in the clothing industry," said Bobby Ahluwalia, Managing Partner of Coeuraj Capital. "We, along with our sister company Coeuraj, are excited to join forces with Ecologyst, contributing not only financial resources but also strategic guidance enabled by our transdisciplinary capability to drive their growth and scale impact."
The investment will enable Ecologyst to continue executing its buy and green-scale strategy. In August 2022, Ecologyst completed its first acquisition of Frankie Collective, a company that diverts clothing from landfill and uses end-of-life clothes as raw materials in manufacturing new pieces. This acquisition is an important component of building a circular supply chain, reducing waste, and dramatically reducing carbon footprint. Funds will be used to acquire additional components of the clothing ecosystem.
Ecologyst and its partnership with Coeuraj Capital and Coeuraj represent a unified effort to build a sustainable future. With the new funding, Ecologyst is poised to embark on an exciting phase of growth, further solidifying its position as a leader in the clothing industry.
Ecologyst is a clothing manufacturer committed to making high-quality, responsibly-made products for conscientious consumers. With a focus on durability, environmental stewardship, and ethical manufacturing practices, Ecologyst strives to create a circular supply chain accessible to brands and end customers alike. Through its dedication to responsible sourcing and innovative design, Ecologyst aims to inspire individuals to live in harmony with nature and make a positive impact on the planet.
Coeuraj Capital is a private equity firm that seeks to create financial and societal benefits through the ownership and management of transformative businesses. They are dedicated to unlocking the potential in companies to better serve the systems in which they operate. The firm seeks to support innovative businesses that are reshaping industries and fostering positive change in the world. Coeuraj Capital invests in companies with sound value, defensible business models, and strong management teams. The firm optimizes investments through disciplined financial management, innovative growth strategies, and a world-class design capability.
SOURCE Ecologyst
For media inquiries, please contact: Ecologyst, René Gauthier, CEO, [email protected]; Coeuraj Capital, Riley Wong, Strategic Communications Manager, [email protected]
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