ASX-listed venture capital fund Bailador Technology Investments has increased its stake in people management software platform Rosterfy with an additional $3 million investment.
Rosterfy provides volunteer and workforce management software to not-for-profit organizations and mass-scale events. It has doubled its users to 3 million and expanded to 35 countries since Bailador's initial investment in April last year.
The new funding has resulted in a 14% increase in Bailador's valuation of Rosterfy to $17.1 million.
The additional funding will support Rosterfy in expanding its global go-to-market teams and accelerating its product roadmap.