Fundz

Milliken Invests In Sustainable Carpet Maintenance Company

PRIVATEOct 25, 2023

Round Type

Funding Round

SpartanburgManufacturing

Investors

Milliken & Company

Description

Global diversified manufacturer Milliken & Company has invested in Orak, a Paris-based carpet maintenance and flooring reuse company, as a strategic sustainability enabler for its floor covering business. The relationship marks the beginning of a new generation of sustainable floor covering solutions, and it is set to change the way the industry thinks about waste and its approach to the circular economy.

Quick answer

ORAK raised an undisclosed amount in a Funding Round round, dated October 25, 2023. Investors: Milliken & Company. ORAK is based in Spartanburg, South Carolina, United States.

How much did ORAK raise?
ORAK raised an undisclosed amount in a Funding Round round on October 25, 2023.
Who invested in ORAK?
Milliken & Company is named as investors in this round.
What does ORAK do?
Orak is a French company specialising in the maintenance and renovation of textile flooring for its professional clients.It is known for its high-end service offer, provided by specialist technicians applying their..
Where is ORAK based and how big is it?
ORAK is based in Spartanburg, South Carolina, United States.
Who are the decision-makers at ORAK?
Fundz holds 1 contact at ORAK. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Manufacturing around the same time

Companies in the same sectors as ORAK that raised within 45 days of this round, from Fundz verified event records.

  • Dorel raised $88M (Debt Financing) on December 8, 2023.
  • International Battery Metals raised $420K (Seed) on December 8, 2023.
  • Indesign raised $10K (Pre-Seed) on December 7, 2023.
  • The Sleep Company raised $24M (Funding Round) on December 6, 2023.
  • Fennec Pharmaceuticals raised $5M on December 5, 2023.
  • Cambium raised $19M (Series A) on December 5, 2023.

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Company Information

Company

ORAK

Location

Spartanburg, South Carolina, United States

About

Orak is a French company specialising in the maintenance and renovation of textile flooring for its professional clients.It is known for its high-end service offer, provided by specialist technicians applying their own,innovative processes.In order to meet expectations of companies concerned about their environmental footprint, Orak launched Optimal Karpet, a new offer for the end-to-end management of carpet tiles based on circular economy principles. This offer works with the client from the choice of a new tile up to its end-of-life. Orak has entered the market with second-hand carpet tiles that have been restored to as-good-asnewgrade. Discover more about Orak's at orak.fr and on optimal-karpet.fr and LinkedIn.

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