Announcing a New $5MM Facility with Algenist

We’re celebrating a new $5MM facility with our partners at Algenist. Founded in 2011, Algenist is a clinical skincare brand delivering anti-aging based on natural, botanical ingredients such as Alguronic Acid from algae. Naturally-sourced and sustainably-produced through biotechnology, the innovative green science respects nature, and is one of the oldest, nutrient-rich greens in the world.

Algenist has shown impressive traction in the market, and is currently sold at retailers such as Sephora, Saks Fifth Avenue, Amazon and its online store.

The brand procured a flexible inventory-based facility of five million dollars to help further support brand expansion through new retail partnerships, increased marketing and new product development.

“We are excited to partner with Assembled Brands as their support further provides Algenist the opportunity to pursue greater strategic initiatives and opportunities to position the brand for long term success,” said Nancy McKay, CEO of Algenist.

We are thrilled about our partnership with Algenist as we take pride in working with environmentally responsible brands that create highly efficacious, innovative, quality products. We are supporting the Algenist’s growth with a flexible line of credit, and we can’t wait to witness more of the brand’s successes! Learn more about Algenist here.

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