Bailador shares lift as DASH carry value set to grow 49%
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More news: Shares in growth capital fund Bailador Technology Investments have lifted after announcing that a capital raise by fintech DASH will boost its carry value by 49%.
At 11:33am AEST, Bailador’s share price had lifted 4.8% to $1.09.
Fintech DASH’s capital raise to increase Bailador carry value by 49%
The news: Cloud-based financial advice and investment management platform DASH is completing a new capital raise that would increase its carrying value by 49%, based on growth capital fund Bailador Technology Investment’s current equity investment.
The numbers: DASH has already signed binding legal documentation with a new investor that at a valuation 59% higher than Bailador’s existing $25 million equity investment, according to the growth capital fund’s ASX statement.
The valuation uplift is “delivering a blended increase of 49% ($14.7 million) on the total carrying value, representing a net tangible asset gain of $0.099 per share. This will be reflected in Bailador’s June 2025 shareholder update.
The context: DASH has $18 billion in funds under advice on its platform, touted in Bailador’s statement as providing “comprehensive functionality to enhance advisory practice productivity” and aiming to make financial advice more accessible.
What they said: “DASH has made very pleasing progress since we invested twelve months ago. This new investment and valuation uplift is a reflection of that progress,” Bailador co-founder and managing partner David Kirk said.
“Pleasingly, the business has put in place strong foundations for future growth and is well positioned in the wealth management industry which benefits from attractive tailwinds.”
The source: ASX
