Victorian fund BGH Capital has reportedly taken a nearly 50% stake in Perth-born Two Svge, a direct-to-consumer supplier of bold and angular safety sunglasses that is targeting lucrative North American markets.
As reported in the Australian Financial Review (AFR) and other media outlets, Two Svge was founded in 2019 by brothers Lewis and Alex Nolan.
It sells safety glasses and competes in a market populated by lifestyle juggernauts like Oakley and Pit Viper.
Last year it reported EBITDA of $11 million for the 2025 financial year, and projects future growth in the US and Canadian markets.
The AFR reported that the Two Svge brand was thought to be valued about $60 million, and that the US market made up 22% of its sales.
