on 1VALET
1VALET Raises $5 Million in Oversubscribed Financing Round
1VALET, a leader in smart building solutions in Canada, announced the completion of a $5 million funding round with an existing shareholder. This round brings the company's valuation to nearly $200 million post-investment.
The funding will enhance 1VALET's strategic growth by expanding its sales force and reseller network. Additionally, the company aims to scale its new entry consoles and parcel management programs across the North American multi-residential market.
1VALET plans to target the retrofit market in both Canada and the U.S. Its proprietary courier scanning technology, protected by patents, offers efficient package delivery and potential cost savings to stakeholders.
The company boasts a compound annual growth rate (CAGR) of 200% over the last five years. CEO Jean-Pierre Poulin emphasizes the importance of this funding in refining products and services.
R. H.
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