Bailador Technology Investments (ASX:BTI) - Co Founder and Managing Partner, David Kirk
Co Founder and Managing Partner, David Kirk
Source: Bailador
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  • Growth capital fund Bailador Technology Investments (BTI) has posted its interim financial results for the first half of the 2021 financial year
  • Net profit attributable to shareholders totalled $13.1 million
  • Until this month, BTI had a portfolio of 10 technology companies that contributed a combined revenue of $294 million by the end of December 2020
  • Now, its portfolio is made up of nine business after Bailador exited its holding in cloud-based platform Viostream
  • Pleasingly, three business saw a significant increase in their valuation after a period of strong growth
  • BTI ended the day 1.89 per cent in the green with shares closing at $1.35

Bailador Technology Investments (BTI) has posted its interim financial results for the first half of the 2021 financial year.

BTI is a growth capital fund that invests in businesses within the technology sector that are seeking growth stage investment.

Over the six-month period, net profit attributable to shareholders totalled $13.1 million.

However, the company’s proudest achievement for the half year is how well capitalised its portfolio of companies are, with no liquidity concerns.

Bailador’s portfolio consisted of 10 technology companies that contributed a combined revenue of $294 million by the end of December 2020.

“We are very pleased with the performance of the portfolio during a tumultuous period. No emergency capital raisings were required, and the businesses all have healthy sustainable models,” Co-Founder and Managing Partner David Kirk said.

While its portfolio was previously made up of 10 companies, Bailador chose to exit its holding in cloud-based platform, Viostream, earlier this month. It will take away $1.1 million.

The other nine include Brosa, Instaclustr, DocsCorp, Lendi, Rezdy, Stackla, Straker Translations, SiteMinder, and Standard Media Index.

Pleasingly, Instaclustr, Stackla and Straker, all saw an increase in their valuation over the period.

Instaclustr’s valuation increased 42.2 per cent after a strong 12-month period of growth. Stackla revalued to $11.5 million after a full year of holding its valuation at nil due to being temporarily suspended from Facebook and Instagram.

Lastly, Straker’s valuation increase 71.4 per cent which was largely driven by a new global translation agreement with IBM for Straker to deploy its AI-powered translation services in 55 languages.

“The quality of the businesses and management teams has the portfolio well positioned for continued growth,” David concluded.

BTI ended the day 1.89 per cent in the green with shares closing at $1.35.

BTI by the numbers
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