Coalision Inc., a Montreal, Canada-based designer and developer of lifestyle and performance apparel, secured $21m in funding.
The round was led by Lune Rouge, with participation from existing shareholders and lenders including Simon Equity Partners, members of the Hermes family and Fonds de solidarité FTQ.
The company will use the funds to continue for general working capital and investment to grow the Coalision brands, including Lolë and Paradox.
Founded in 1989 and led by Bernard Mariette, Chief Executive Officer, Coalision operates:
– Lolë, known for its technical, fashion-forward women’s activewear inspired by wellness which can be found at more than 1,700 retail outlets around the world, in Lolë Ateliers and online at www.Lolewomen.com; and
– Paradox, which offers high-performance base layer and outdoor clothing.
The company has a worldwide presence, with brand storefronts, products and wellness events throughout Canada, the United States, Europe and Asia.