On November 26, 2019, Knix Wear announced the closing of their $5.7 million financing round led by Acton Capital. The funding will be used to help drive their expansion which includes their recent entrance into the brick-and-mortar space.
Acton Capital is a growth-stage Venture Capital investor with a focus on tech-enabled business models in Europe and North America.
Knix Wear is a Toronto based start-up focusing on comfortable intimate apparel with patented technology. Knix identifies as the world leader in wire-free bras and functional underwear for women, positioning itself against typical lingerie brands.
Osler, Hoskin & Harcourt LLP advised Acton Capital with a team consisting of Mark Longo, Justin Dharamdial and Alana McElhinney (Emerging and High Growth Companies).