Gareth Hewitt
๐ค SpeakerAppearances Over Time
Podcast Appearances
And the other being Laura Naisovich, who was the founder of Investran, one of the competitors in private capital.
And that was led by Sidekick, the VC firm out in New York.
No, we raised that at the beginning of 2021.
And that was to bring on board the senior leadership team.
Beginning of 2021.
Sorry, end of 2020, beginning of 2021.
Yeah, so as we brought on the team, it takes about nine months to make an enterprise sale.
So when we got towards Q4 of last year, we started talking to some firms who are interested in our product.
Blackstone was one of them.
We did a proof of contact with them.
They were incredibly impressed with what we could do.
And so we saw the ability to extend that seed round to bring them on as a partner.
You know, what we've been looking for is always strategic partnerships, not necessarily cash.
And Blackstone is obviously an enormously valuable name and they have a huge amount of experience across asset classes, which can help us in the process.
just over $4 million, a total of about close to $7 million for the end of that, for the entire year.
Yes, we increased the valuation, but to let Blackstone in as like an extension to that seat, yeah.
No, it's all in preferred shares.
Yeah, exactly.
About that, yeah.
Well, no, because we did it in two stages.