Booster Innovation Fund lifts its valuation by $715,000

Booster's innovation fund manager, Melissa Yiannoutsos, and chief customer officer, Diana Papadopoulos. (Image: Booster)

Greg Hurrell

Fri, 26 Jan 2024

Booster Innovation Fund has increased its net asset value by $715,000 thanks to one of its investments attracting substantial additional capital.The fund can’t disclose the company’s name yet but said the business was in advanced discussions with new and existing investors to raise additional capital at a price substantially higher than its current carrying value.Booster Innovation Fund (BIF) is a New Zealand stock exchange-listed (NZX) fund specialising in startup companies, often new technologies. Booster Investment Managemen...

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