Investment Announcement - November 5, 2021

Accelerating People to $0 Student Debt

We are excited to announce our first portfolio company, Dolr, a consumer-focused platform to help people accelerate the payoff of their student loan debt. Learn more at www.getdolr.com.

Zell Capital is the first investor in the Dolr Seed Round via Simple Agreement for Future Equity (SAFE).2

STUDENT DEBT IS CRIPPLING A GENERATION

43 Million

US Citizens with student loan debt 1

$1.7 Trillion

Current student debt load in the US 1

Student loan debt continues to accelerate as an economic and societal crisis in the United States, with 43 million people in debt and an average loan size over $39,000.1 This burden holds people back from living their best lives and investing in their future (homes, family, travel, etc.).

Dolr is designed to help users payoff student debt years faster by connecting them to new sources of cash while using their current behavior. This includes:

  • Employer contribution to student loan payoff – Employers can contribute up to $5,250 per year on a tax-free basis to employees. Currently live
  • Convert online and offline shopping at Dolr partners to cash back for student loan repayment. Coming soon
  • Convert credit card rewards to loan payments. Coming soon
  • Enroll in a disciplined micro payment program called Daily Dolr. Currently live

“Zell Capital has been the ideal venture partner, adding value from our first meeting. We appreciate Zell’s passion for Dolr’s vision.” – Naveed Iqbal, Founder & CEO

THE TEAM

Naveed Iqbal, PhD
Co-Founder and CEO

Naveed immigrated to the US in 2003 from Tanzania, East Africa, to pursue his education, receiving a PhD in Applied Mathematics from the Florida Institute of Technology.

After stints in the corporate and startup worlds, Naveed partnered with college friends to launch Dolr, taking a mathematical approach to creating the fastest way for a person to pay off student debt.

 
Alex Michaels, MBA
Co-Founder
Business Development
EK Dzotsi
Co-Founder
Product Marketing
Ashwin Acharya, MSc
Co-Founder
Technology

Disclosures

1 Source: Hanson, Melanie. “Student Loan Debt Statistics” EducationData.org, September 27, 2021,
https://educationdata.org/student-loan-debt-statistics

2SAFEs are used in connection with a private placement to accredited investors where early-stage startup companies raise seed capital and issue the SAFE in exchange for the investor’s payment of a specific investment amount in exchange of an agreed upon conversion price and conversion shares.

Dolr and Zell Capital are not affiliated.

This is not an offer. The respective offering of Zell Capital (the “Fund”) common stock can be made solely by means of a written prospectus forming part of the effective registration statement. The prospectuses and their supplements, which contain important information about the Fund, can be obtained by visiting zellcapital.com/prospectus or by calling the Fund at 1-888-484-1944. Prospective investors should read the prospectuses and their supplements carefully before investing. Investors are advised to consider the investment objectives, risks, charges and expenses of the Fund carefully before investing. The prospectuses contain this and other information about the Fund. There can be no assurance that the Fund will achieve its investment objectives.

Our investments in what we believe to be rapidly growing venture-capital-backed emerging companies may be extremely risky and we could lose all or part of our investments. Significant risks of investing in venture capital backed emerging companies are: (i) these companies may have limited financial resources, (ii) limited operating histories, and (iii) have generally less predictable operating results. Because they are privately owned, there is generally little publicly available information about these businesses. Also, early-stage and development-stage companies have a high rate of failure and often experience unexpected problems. We plan to focus a significant portion of our investing in technology companies, which may cause the value of our interests to be susceptible to factors affecting the technology industry and therefore subject to greater risk than an investment in a fund that invests in a broader range of securities.

The marketplace for venture capital investing has become increasingly competitive, making it difficult for us to locate an adequate number of attractive investment opportunities. Because our investments are generally not in publicly traded securities, there will be uncertainty regarding the value of our investments, which could adversely affect the determination of our net asset value. One of the key elements of our structure, which we refer to as an “Access Fund,” is the potential for investors of the type we expect to attract to provide expertise to our portfolio companies in various areas. There is no guarantee that any of our investors will, in fact, have expertise that would be useful for any of our portfolio companies, or if they have such expertise, that they would have any interest in working with our portfolio companies.

We have identified only a few specific investments that we may make with the proceeds from this offering. As a result, this may be deemed to be a “blind pool” offering and you will not have the opportunity to evaluate historical data or assess any investments prior to purchasing our Shares.

This press release may contain forward-looking statements identified by the use of words such as “outlook,” “indicator,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “seeks,” “approximately,” “predicts,” “intends,” “plans,” “estimates,” “anticipates” or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. The Fund believes these factors include, but are not limited to, those described under the section entitled “Risk Factors” in the Fund’s registration statement, as such factors may be updated from time to time in its periodic filings with the U.S. Securities and Exchange Commission, which are accessible on the SEC’s website at SEC.gov. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this release and in the Fund’s filings. Zell Capital assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events or circumstances.