The Fort Worth Press - 1VALET Announces Oversubscribed $5 Million Financing Round

USD -
AED 3.672501
AFN 63.526725
ALL 81.813592
AMD 370.44014
ANG 1.789884
AOA 917.999874
ARS 1397.970203
AUD 1.390396
AWG 1.8025
AZN 1.698617
BAM 1.673763
BBD 2.014848
BDT 122.744486
BGN 1.668102
BHD 0.378259
BIF 2976.953556
BMD 1
BND 1.277439
BOB 6.912222
BRL 4.942304
BSD 1.000406
BTN 95.268333
BWP 13.595091
BYN 2.832032
BYR 19600
BZD 2.011938
CAD 1.36142
CDF 2316.000493
CHF 0.781705
CLF 0.023071
CLP 908.020232
CNY 6.83025
CNH 6.827645
COP 3729.76
CRC 455.103656
CUC 1
CUP 26.5
CVE 94.363762
CZK 20.8327
DJF 178.141394
DKK 6.38328
DOP 59.605058
DZD 132.430042
EGP 53.707031
ERN 15
ETB 157.299296
EUR 0.85423
FJD 2.19545
FKP 0.738858
GBP 0.737155
GEL 2.684969
GGP 0.738858
GHS 11.214281
GIP 0.738858
GMD 73.516238
GNF 8779.444171
GTQ 7.636122
GYD 209.292176
HKD 7.83625
HNL 26.592098
HRK 6.436505
HTG 130.92574
HUF 308.760086
IDR 17394.7
ILS 2.939602
IMP 0.738858
INR 95.08205
IQD 1310.455489
IRR 1315000.000274
ISK 122.319935
JEP 0.738858
JMD 157.422027
JOD 0.708997
JPY 157.654028
KES 129.212585
KGS 87.420506
KHR 4012.802629
KMF 420.495892
KPW 900.003193
KRW 1468.325013
KWD 0.30805
KYD 0.833626
KZT 464.848397
LAK 21968.14747
LBP 89583.7434
LKR 320.121521
LRD 183.567107
LSL 16.741448
LTL 2.95274
LVL 0.60489
LYD 6.346517
MAD 9.245917
MDL 17.266433
MGA 4166.844956
MKD 52.680605
MMK 2099.706641
MNT 3578.607048
MOP 8.074899
MRU 39.944374
MUR 46.950245
MVR 15.454967
MWK 1734.687765
MXN 17.39417
MYR 3.962497
MZN 63.909766
NAD 16.741734
NGN 1368.129891
NIO 36.815644
NOK 9.25275
NPR 152.429814
NZD 1.695505
OMR 0.384485
PAB 1.000419
PEN 3.507156
PGK 4.350003
PHP 61.477989
PKR 278.776321
PLN 3.62844
PYG 6061.565584
QAR 3.656451
RON 4.475597
RSD 100.250691
RUB 75.448038
RWF 1462.717478
SAR 3.752423
SBD 8.025868
SCR 13.628303
SDG 600.502648
SEK 9.247415
SGD 1.274989
SHP 0.746601
SLE 24.649739
SLL 20969.496166
SOS 571.753772
SRD 37.477027
STD 20697.981008
STN 20.966603
SVC 8.752915
SYP 110.530725
SZL 16.738482
THB 32.526041
TJS 9.353536
TMT 3.505
TND 2.916547
TOP 2.40776
TRY 45.219905
TTD 6.781199
TWD 31.569503
TZS 2602.504135
UAH 43.963252
UGX 3776.555915
UYU 40.282241
UZS 12039.109133
VES 488.94275
VND 26323
VUV 118.524529
WST 2.715931
XAF 561.361905
XAG 0.013559
XAU 0.000218
XCD 2.70255
XCG 1.802894
XDR 0.697635
XOF 561.361905
XPF 102.06029
YER 238.624996
ZAR 16.66126
ZMK 9001.200338
ZMW 18.882166
ZWL 321.999592
  • RIO

    1.5600

    100.19

    +1.56%

  • RBGPF

    1.6000

    64.7

    +2.47%

  • CMSC

    -0.0051

    22.865

    -0.02%

  • BCC

    0.1100

    74.44

    +0.15%

  • RELX

    -0.3400

    36.02

    -0.94%

  • GSK

    -0.5550

    50.345

    -1.1%

  • RYCEF

    0.1000

    16.45

    +0.61%

  • BTI

    0.8850

    59.235

    +1.49%

  • BCE

    0.1900

    24.12

    +0.79%

  • CMSD

    0.0360

    23.286

    +0.15%

  • JRI

    0.0620

    12.992

    +0.48%

  • VOD

    -0.2700

    15.78

    -1.71%

  • NGG

    0.5000

    88

    +0.57%

  • BP

    -0.2150

    46.725

    -0.46%

  • AZN

    -2.1600

    181.3

    -1.19%

1VALET Announces Oversubscribed $5 Million Financing Round
1VALET Announces Oversubscribed $5 Million Financing Round

1VALET Announces Oversubscribed $5 Million Financing Round

Advancing Smart Building Solutions Through Strategic Growth

Text size:

Advancing Smart Building Solutions Through Strategic Growth

1VALET, the Canadian leader in smart building solutions, announced today the entering into of a definitive agreement with an existing shareholder to purchase Class A Preferred Shares in its current money raise. The $5M fundraising round, when it closes, will be oversubscribed at a nearly $200M valuation on a post-money basis.

Supported by strategic partnerships with the largest Canadian Telcos, best-in-class security integrators, and market-leading hardware partners, 1VALET now has grown to over 250 unique customers in Canada. 1VALET is the only smart building solution provider in its class able to deliver, monitor and support stable hardware, software and internet solutions coast-to-coast.

This investment round will enable 1VALET to enhance shareholder value by expanding its sales organization, reseller network, and scaling new entry consoles and parcel management programs in volume throughout the multi-residential market across North America.

1VALET's plan at inception was to roll out throughout the North America market after establishing a proven business model and Canadian market leadership. 1VALET 1.0 was mainly focused on new construction, which represents only 2% of the market. 1VALET 2.0 is now poised to rapidly address the enormous retrofit market both in Canada and the U.S. and to focus on securing large portfolios.

One of 1VALET's competitive advantages is its proprietary courier scanning technology, which redefines package delivery efficiency, setting a new standard for speed, reliability, and security in the multi-residential market. This disruptive feature allows delivery companies to deliver packages more reliably and in record-time. Protected by three Canadian and U.S. issued patents, the parcel management system creates opportunities for participating package delivery companies, asset managers and owners to provide lower cost, predictable, secure, monitored and fast-pass deliveries and parcel returns to residents.

1VALET is committed to building upon its strong track record of revenue growth. Over the past five years 1VALET has achieved a remarkable Compound Annual Growth Rate (CAGR) of approximately 200%.

"The value we have created for multi-family owners, asset managers, stakeholders, has been impressive," said 1VALET CEO Jean-Pierre Poulin. "While I believe we offer one of the best solutions in the world, we recognize that we're still just beginning to tap into our full potential. This funding, supported by industry leaders, validates our approach and gives us the means to refine our products and services, making them more efficient and, importantly, more profitable. Our growth over the past two years has been very good, and we're motivated to build on this momentum to make the next two years even stronger".

To learn more about how 1VALET is helping hundreds of developers and asset managers rent for more and faster, enhancing resident engagement, streamlining operations, reducing costs and growing NOI, contact our Sales Team at [email protected].

About 1VALET

1VALET's Building Operating Software enables building operators to remotely manage properties, control access through facial recognition, and streamline package delivery while residents enjoy a seamless mobile experience. 1VALET increases revenues, reduces costs, and increases asset value for property owners, while elevating resident engagement, fostering the development of safer, smarter communities.

Media Contact- 1VALET
Renato Pontello
[email protected]

SOURCE: 1VALET

C.M.Harper--TFWP