Blue Star Capital LON:BLU has told DIrectorsTalk this morning that one of its investee companies Sthaler Limited has successfully raised GBP3million at a pre-new money valuation of GBP20 million. This represents a significant uplift to the post-new money value of Sthaler of approximately GBP9.4 million in January 2017 when Sthaler last raised capital. Blue Star invested GBP50,000 into Sthaler in June 2015 as part of a total raise by Sthaler of GBP450,000 with a post money valuation at that time of GBP3.4 million.
Sthaler is an identity and payments technology business which enables a consumer to identify themselves and pay using just their finger at retail points of sale.
The Company has to date invested GBP50,000 in Sthaler. This latest round of investment in Sthaler values the Company’s stake of 1 per cent. at GBP227,000.
Sthaler is a UK based technology business that has jointly developed Fingopay in conjunction with Hitachi. Fingopay uses a unique finger vein ID process which is considered to be more secure than finger print readers and faster than chip and pin operations. The technology is widely adopted in Japan and it is Sthaler’s aim to commercialise the technology in the area of payments globally.
Tony Fabrizi CEO of Blue Star commented: “We are pleased to see Sthaler is continuing to attract investment and we look forward to Stahler announcing further customers over the coming months.”
