Vela Technologies - Re: VELA Stream Log - Social Superstore news .... highlights...

Social Superstore news .... highlights of RNs ...... successfully raised a pre-Series A funding round of £1.75 million at a £10.0 million pre-money valuation ...... Vela has an interest in 71,429 Social Superstore Shares which have a paper value equivalent to approximately £222,000 at the price of the Fundraise. Following completion of the Fundraise Vela has an interest in approximately 1.89% of the fully diluted share capital of The Social Superstore. Vela originally invested £100,000 in the £1m seed fundraise undertaken by The Social Superstore in May 2014 which resulted in Vela holding 71,429 Social Superstore Shares. This fundraise was undertaken at a £3 million pre-money valuation............... With a further valuation event from an investee company, the board of Vela hopes that investors will be able to better understand the underlying value of the portfolio. Based either on such valuation events or the market value of portfolio investments, the board of Vela believes the underlying value of the portfolio is significantly higher than the value attributed to Vela at this current time."