- Business
- Bailador Technology Investments Limited (ASX:BTI) is an Australia-based listed investment company that provides growth capital to expansion-stage technology companies, primarily in the information technology and media sectors; it targets minority equity investments of $5 million to $20 million in businesses with proven models, established revenues, and strong growth potential, focusing on verticals such as software as a service (SaaS), subscription-based internet businesses, online marketplaces, e-commerce, high-value data, online education, and telecommunication applications; the company holds a diversified portfolio including SiteMinder, a leader in hotel channel management and distribution software; DASH, a financial advice and investment management platform; Updoc, a digital healthcare platform connecting consumers to telehealth services; Access Telehealth, a specialist telehealth provider; Expedition Software, encompassing Rezdy, Checkfront, and Regiondo for tours and activities booking; Rosterfy, a volunteer management software platform; PropHero, an AI-enabled property investment marketplace; Hapana, an end-to-end fitness studio management platform; Mosh, a digital healthcare brand for men's and women's wellness; Straker, a language translation services provider; and Nosto, an e-commerce personalization platform. Bailador operates principally in Australia and New Zealand but invests in companies with global reach across multiple countries including the US, Europe, and Asia; founded in 2014, it is headquartered in Sydney, Australia, with its investment manager being Bailador Investment Management Pty Ltd. Recent developments include $41 million in deployments during FY25 ended June 2025, comprising new investments of $12.5 million in PropHero in February 2025 leading its Series A round and $7.7 million in Hapana in August 2024 alongside OIF Ventures; follow-on investments totaling $20.6 million in DASH ($15 million), Rosterfy ($3 million), and Access Telehealth ($2.6 million); a $20 million partial cash realization from SiteMinder in November 2024 at a 37.9% IRR and 31% above June 2024 pricing; significant valuation uplifts such as 49% on DASH, 86% on Updoc, 50% on Hapana, 21% on Access Telehealth, 33% on Mosh, and 14% on Rosterfy; a final fully-franked dividend of 3.6 cents per share declared in August 2025; and portfolio revenue growth of 47% to $592 million.