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1VALET Announces Closing of Oversubscribed $7 Million SAFE Financing Round

• 05/15/2023
• 2 minute read

Ottawa – May 16, 2023 – Canadian smart building platform leader 1VALET announced today the successful closure of an oversubscribed $7 Million SAFE round in its previous fiscal year. 

The oversubscription of shares is a testament to the proptech firm’s remarkable growth and momentum, particularly over the past year. Supported by strategic partnerships with security integrators, telecommunication companies, and other industry leaders, the company 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 150%.

This investment round will empower 1VALET to further enhance shareholder value by expanding its relationship with Rogers and Shaw, strategically expanding its security integrator network, reinforcing its robust supply chain, and introducing new features to its smart building platform. These advancements will enable the company to unlock additional revenue-generating opportunities for its users and help maintain 1VALET’s position at the forefront of innovation.

“The exceptional value we have been able to create for multi-family owners and asset managers, as well as our own stakeholders and partners, has been remarkable,” said 1VALET CEO Jean-Pierre Poulin. “Our growth over the past five years has been outstanding, and we’re eager and excited to continue to compound this success over the coming years.”

Renowned for its disruptive smart building operating system and proprietary hardware, 1VALET sells its innovative products directly and through multiple distribution channels.

To learn more about how 1VALET is helping hundreds of developers and asset managers grow their NOI, streamline operations, and boost resident engagement, contact our Sales Team at sales@1valet.com.

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About 1VALET

1VALET is a leading smart Building Operating System that integrates IoT technologies to better connect residents to their community, and easily convert multi-family buildings into connected smart communities.

By centralizing building systems into one web-based dashboard and empowering tenants with a leading Resident App, 1VALET can enhance resident engagement, increase NOI, and create safer, smarter communities. To learn more, visit 1VALET.com

Media Contact

Hugo Moreira
Marketing Communications Manager
hmoreira@1valet.com