Growth capital fund manager Bailador Technology Investments (ASX: BTI) has made a $3 million follow-on investment in software-as-a-service company Rosterfy.
Bailador initially invested $12.4 million 18 months ago.
Bailador said the new funding had been provided at a 14% valuation uplift valuing Rosterfy at $1.7 million.
Rosterfy’s software platform enables not-for-profit oganisations, government agencies and other organisers of large-scale events to recruit, screen, train and schedule volunteers.
Bailador co-founder and managing partner David Kirk said: “Rosterfy continues to perform well, growing rapidly and signing up new clients around the world. This additional funding will help the company expand their global go-to-market teams, and further accelerate their product roadmap to extend their product leadership.”
Rosterfy chief executive and co-founder Bennett Merriman said he and his team were thrilled Bailador was continuing to support the company’s growth ambitions.
Not-for-profits using Rosterfy’s technology in Australia include Lifeline Australia and the St Vincent de Paul Society. The technology is also used by local governments. Overseas, the technology has been used to organise volunteers at sporting events hosted by soccer organisations FIFA and UEFA and by the NFL for the Super Bowl in the US.
Image: Presentation after the NFL Super Bowl in the US. Rosterfy’s technology has been used to organise volunteers involved in the event.