Last year’s Smart50 winner InstantScripts sees 10% increase in valuation following $5 million invesment

Healthtech startup InstantScripts has received another $5 million investment from ASX-listed venture fund Bailador Technology Investments.

The recent investment — following Bailador’s pre-existing $16.6 million in InstantScripts — has seen a 10%, or $1.7 million, uplift in the company’s valuation.

Speaking with SmartCompany, InstantScripts chief operating officer Richard Skimin said the recent investment was a purchase of secondary shares, and that InstantScripts is “pleased that the shares traded [added] a 10% uplift to valuation”.

Last year, the digital healthcare platform took home the top accolade at SmartCompany’s annual Smart50 awards. 

At the time, InstantScripts had recorded $7.5 million in revenue in the 2020-21 financial year — up 1441% from 2018-19.