Second Century Ventures Invests $150,000 USD in Stelor Inc.

We are thrilled to announce that Second Century Ventures has invested $150,000 USD ($205,000 CAD) in Stelor Inc. through a SAFE (Simple Agreement for Future Equity) agreement with a valuation cap of $5,000,000 USD ($6,950,000 CAD). This marks a 74% increase in our valuation cap over the past year, showcasing the strong momentum and confidence in Stelor's growth.

Milestone achievement: closing our first round

This investment was the final piece in successfully closing our first round of financing, where we reached our target of $850,000. The round was composed of a combination of equity, non-dilutive funding (NDF), and debt. This milestone positions us strongly as we continue to build innovative solutions for property management and reserve fund planning.

Looking ahead: growth and expansion

With the close of this round, Stelor is poised to strengthen strategic partnerships and pursue integration opportunities, expand into new markets, and prepare for our upcoming Priced Seed Round in early 2025, which will open new avenues for investment.

We extend our gratitude to Second Century Ventures and all our supporters who believe in our vision. This achievement is a testament to the collective effort and commitment to reshaping the property management landscape.