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
US Citizens with student loan debt 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
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.
1 Source: Hanson, Melanie. “Student Loan Debt Statistics” EducationData.org, September 27, 2021,
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.
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