Frank and Oak secures new funding

Photo of author

By Ted Liu

Modasuite Inc., dba Frank and Oak, has raised US $1.89 million or CDN $2,573,046 in new funding from existing investors led by Goodwater Capital. Other investors include Campfire Capital, RHO Canada Ventures, Real Ventures, Innovation Group Investors, GCM-FAO LLC, and angel investors.

The deal which closed on May 15, 2017 was structured as the issuance of special warrants which entitle the holders to acquire corresponding amount of preferred shares or equity security convertible into or exchangeable into such securities.

LaBarge Weinstein LLP acts as legal counsel to Modasuite.

photo credit: Pexels via pixabay