Bailador invests $20m ($15m now, another $5m in 6 months) in DASH Technology Group -- a financial advice platform that administers >$4b and revenues grew 63% for the latest half.

That's likely off a very low base, and no other metric given. Still, as the announcement details, the team have some experience in this area so hopefully they can recognize value accurately enough.

From what I can find, Dash is also seeing some good growth in FUA, up 50% in 2023. And on LinkedIn they said they plan to use the funds to accelerate development and grow headcount by 20.

This will leave Bailador with over $50m in cash.