@ecologyst.com
VICTORIA – Coeuraj Capital has invested in Ecologyst to help the Victoria-based company achieve its goal of becoming North America’s first “net zero” clothing supply chain.
The manufacturer is committed to making high-quality, responsibly-made products with a focus on durability, environmental stewardship, and ethical manufacturing practices. 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, which aims to reduce carbon emissions and resource consumption throughout the supply chain.
“We are excited to partner with Coeuraj Capital as we embark on this next leg of our journey,” says Ecologyst CEO René Gauthier. “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.”
“We are champions of innovative companies that defy convention and are fearless in their approach to achieving financial and societal impact,” states Duncan MacRae, Co-Founder and President of Coeuraj.
Bobby Ahluwalia, Managing Partner of Coeuraj Capital, adds “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. Funds will be used to acquire additional components of the clothing ecosystem.
Business Examiner Staff
