Australia's Bailador launches $13m fundraise

According to a statement, the raise will comprise a A$15.4 million share placement and a A$2 million fully underwritten security purchase plan at A$1.03 per share. The stock was trading steadily at A$1.08 as of midday November 25.

The new capital is expected to bring Bailador's total balance sheet to A$24.3 million. The GP will focus investments on software, internet, mobile, data and online marketplace companies with proven, revenue-generating business models.

"This equity round was undertaken to secure funds for a pipeline of high-quality investments available to Bailador and to give a range of institutional investors the opportunity to establish a position in the company," David Kirk, chairman of Bailador, said. "We welcome our new institutional investors to Bailador and thank our existing shareholders for their ongoing support."

Bailador was founded in 2010 and typically makes minority investments of A$2-10 million in Australian start-ups. Earlier this week, it contributed A$4 million to a A$7 million round for Instaclustr, which aims to improve operational efficiency for clients using big data platforms. Previous investments include social media aggregator Stackla, online streaming company Viocorp and hotel booking services provider SiteMinder.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Save this article  
• Send to  

• Topics
• Australasia
• Technology
• Growth
• Fundraising
• Australia
• Venture
• Bailador