A $25 million bet on fintech DASH has proved lucrative for ASX-listed venture fund Bailador Technology Investments (ASX:BTI), with the VC announcing a 59% uplift to $44.7m.
The increase is the result of a new yet-to-be announced raise for the Sydney fintech, which has been signed at a 59% increase in DASH’s valuation.
DASH is a cloud-based financial advice and investment management software platform for financial advisers and institutions to provide more affordable, personalised advice to clients. It now has more than $18 billion in funds under advice, an increase of 450% on a year ago.
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