Blue Star Capital investee company Sthaler raises £3m

Blue Star Capital said investee company Sthaler Ltd has successfully raised £3m at a pre-new money valuation of £20m.

This represented a significant uplift to the post-new money value of Sthaler of about £9.4m in January 2017 when Sthaler last raised capital.

Blue Star invested £50,000 into Sthaler in June 2015 as part of a total raise by Sthaler of £450,000 with a post money valuation at that time of £3.4m.

Sthaler was an identity and payments technology business that enabled a consumer to identify themselves and pay using just their finger at retail points of sale.

This latest round of investment in Sthaler valued Blue Star's stake of 1% at £227,000.

Sthaler is a UK based technology business that has jointly developed Fingopay in conjunction with Hitachi.

At 12:19 BST, shares in AIM-quoted Blue Star Capital were flat at 0.13p each.