Näak Secures $5 Million in Series A Funding to Accelerate Growth and Expand Sustainable Nutrition Offerings

Montreal, QC – August 20, 2024 – Näak, pioneering leader in sustainable sports nutrition, announced today the raise of $5 million through a Series A funding round.

This significant investment will fuel growth, accelerate product innovation, and expand reach into new markets, solidifying Näak's position as a trailblazer in the eco-friendly nutrition sector.

This Series A round was led by Investissement Québec. The participation ofHigh Flyers Capital highlights the strong confidence in Näak’s mission of revolutionizing sports nutrition with sustainable and high-performance products. This funding will enable Näak to scale its operations, enhance research and development. It will also participate in further expanding its product line to meet the growing demand for endurance and outdoor sports nutrition solutions.

"We are thrilled to count with the support of such reputable investors who share our vision for a more sustainable future," William Walcker, CEO and Co-founder of Näak.

"This funding will allow us to accelerate our efforts in bringing innovative, eco-friendly nutrition products to athletes and consumers around the world. Our goal is to continue leading the change in reducing the environmental impact of the nutrition industry while ensuring top-tier performance for our customers."

Founded in 2016 by William Walcker and Minh-Anh Pham, Näak quickly became a trusted brand for athletes and outdoors enthusiasts seeking sustainable options for their nutrition.

The company’s unique approach centers on core principles: sustainable ingredients such as insect protein, plant-based and upcycled alternatives, which create high-performance products equally beneficial for the planet and the body as well as for lasting throughout long efforts.

Key areas of focus for the new funding include:

• Product Development: Expanding Näak’s portfolio with new and innovative products that align with Näak's sustainability ethics.

• Market Expansion: Entering new geographical markets and strengthening presence in existing ones, particularly in North America and Europe.

• Sustainability Initiatives: Investing in further research to improve the environmental impact of Näak’s production processes and supply chain.

Bicha Ngo, President and CEO of Investissement Québec, comments:“The role played by Investissement Québec in this fundraising will enable an innovative local company, Näak, to ensure the continuity of its operations and future growth, and to position itself on international markets. This commitment testifies of the relevance of our role in bringing companies from small to medium, and from medium to large.”

With this round of funding, Näak is poised to continue its rapid growth trajectory and remain a leader in sustainable sports nutrition, offering athletes around the world the opportunity to perform at their best while making a positive impact on the environment.

About Näak

Näak is a Montreal-based company specialized in sustainable sports nutrition. Founded in 2016 by William Walcker and Minh-Anh Pham, Näak offers a range of high-performance products made from sustainable ingredients, including its flagship insect energy bars and plant-based nutrition. Committed to reducing the environmental impact of the nutrition industry, Näak is dedicated to providing athletes with the fuel they need to perform while promoting a healthier planet.

For more information, please visit naak.com or contact media@naak.com.