The valuation of cloud-based financial advice and investment management platform DASH has surged 59 per cent within nine months, translating to a $14.7 book value windfall for major listed backer Bailador Technology Investments (ASX: BTI).
Bailador has today revealed that DASH has signed binding legal documentation with a new investor at a valuation 59 per cent higher than its current equity investment. A spokesperson for DASH says the company is not yet in a position to reveal further details on the raise.
But because Bailador's investment in the Sydney-based company is split between $25 million in equity and a $5 million in debt, its blended increase will stand at 49 per cent.
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