Nutricare has raised US$3.1 million via an entitlement offer

Nutricare Pty Ltd has raised funds to support its growth strategy.

Nutricare is an eco-solution-based FMCG industry pioneer. The company is ranked number two by Mintel for the second quarter running as one of the fastest-growing brands in the medical devices sector in the US and distributed by over 35,000 retailers in 41 countries across the world. Nutricare has a unique set of assets and capabilities that can be leveraged in new, larger markets. The company’s PATCH collection is a series of toxin-free, natural and eco strop bandages that are made from soft FSC, OEKO-TEX standard 100 certified bamboo fiber and gauze with hypoallergenic pressure-sensitive adhesive.

Oaklins’ team in Australia acted as the lead manager and underwriter in this transaction.