1VALET Announces Oversubscribed $5 Million Financing Round
Summary
OTTAWA, ON / ACCESSWIRE / November 28, 2024 / 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. 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. 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 were 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 sales@1valet.com.