TORONTO, September 23, 2021 – Flow Capital Corp. (TSXV: FW) (“Flow Capital,” “Flow,” or the “Company”) announces that it has closed a US$5.0 Million investment in EverWash Inc. (“EverWash”), a fast-growing membership and subscription management software platform for the car wash industry. The investment is expandable up to US$7.0 Million under certain conditions.
“EverWash is a high-growth SaaS software company that is subscriber-enabling the highly fragmented car wash industry. By providing a simple mobile platform for subscribers and robust end-to-end solution for car wash operators, EverWash is revolutionizing the economics of car washes. We are glad to be partnering with EverWash on the next leg of their high-growth journey,” said Alex Baluta, CEO of Flow Capital.
“We are excited to be partnering with Flow Capital. Flow’s flexible and minimally dilutive growth capital is a perfect fit to help us scale our business and capitalize on growth opportunities,” said Scott Caplan, Co-founder and President, EverWash Inc.
About Everwash
Stop paying every time you get your car washed. Discover a better way to wash your car. An unlimited-use monthly car wash membership is the most cost-effective way to keep your car looking its best every single day. It’s like a gym membership for your car!
Learn more at www.everwash.com.
About Flow Capital
Flow Capital Corp. is a diversified alternative asset investor and advisor, specializing in providing minimally dilutive capital to emerging growth businesses. To apply for financing, visit www.flowcap.com.
For further information, please contact:
Flow Capital Corp.
Alex Baluta
Chief Executive Officer
alex@flowcap.com
47 Colborne Street, Suite 303,
Toronto, Ontario M5E 1P8
Certain statements herein may be “forward-looking” statements that involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Flow or the industry to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether such results will be achieved. A number of factors could cause actual results to vary significantly from the results discussed in the forward-looking statements. These forward-looking statements reflect current assumptions and expectations regarding future events and operating performance and are made as of the date hereof and Flow assumes no obligation, except as required by law, to update any forward-looking statements to reflect new events or circumstances.
