Santiago Bibiloni

And explain to me the strategy behind that.

Why close two million and let it roll for a year and then close another four?

Because we were not raising money.

We received a term sheet, an inbound term sheet, and the person

So we started the round with a venture capital firm, which is called Scop Venture Capital, whose managing director is Kevin O'Connor, the founder of DoubleClick, the largest company that Google ever acquired.

So the company, the round was led by Kevin, by his fund, by Scop.

Then

we received an inbound term sheet to add more capital to the round as we were not raising money.

And it was, this capital came from an individual and this individual didn't want to take a place on the board sheet.

So we know that it's not typical

but at least it was pretty helpful for us.

I mean, it was great because this person didn't want to take a seat on the board, but he wanted to deploy 1 million on us.

And so we just like...

leveraged that one million and as we had some due diligence we we knocked some off like some prospects doors and we allocate we we received three other million and

we we made the whole thing as like the kind of this although there are kind of like different rounds and because there are different terms we we called it seriously like all preferred stocks they're just this the same stocks for everyone yeah and so was the two million that you closed a year ago at about like half the valuation of what you just closed the four million at yeah okay got it so you can do this and have different valuations

Yeah.

I mean, it's not typical, but, and we didn't know before this that it was not on our mind to do this, but it's the way it went.

And we were very lucky.

I mean,

not very much dilution, great investors.