Stelor Completes First Round of Financing

We are excited to share that Stelor has successfully closed its first round of financing, achieving our target of $850,000. This milestone reflects the confidence our investors and partners have in our mission and growth trajectory.

Breakdown of financing

This round was composed of:

• $400,000 in equity investment
• $275,000 in non-dilutive funding (NDF)
• $175,000 in debt financing

We extend our gratitude to our investors, the government agencies that provided invaluable non-dilutive funding, and the financial institutions that supported us with debt financing. Your contributions have been instrumental in our success.

Key achievements

Since opening this round in Q3 2023, the proceeds have enabled us to:

• Increase annual revenues from $250,000 to $750,000
• Expand our team from 4 to 7 employees
• Grow platform subscriptions from 350 properties (15,000 doors) to 625 properties (over 25,000 doors)

These accomplishments underscore the impact of the support we've received, fueling both our business growth and product development.

Next steps: strategic growth and a new financing round

Looking forward, Stelor plans to pursue strategic partnerships to enhance our offerings and enter new markets, leverage integration opportunities to accelerate growth, and open a new Priced Seed Round in early 2025 to continue building on our momentum. We are deeply grateful to our investors, partners, and supporters for their continued belief in our vision.