DSTF status
update and
outlook 2025

In total, DSTF has now invested €10.5 million in innovative and promising companies within the sports and technology sector. As of the end of 2023, the total investment was still €4 million, highlighting the significant growth and increasing confidence in our strategy.

The value of the certificate has increased by 31% over the past year. While the certificate was worth €1.90 at the end of 2023, it now stands at €2.49. This increase reflects the strong performance of our portfolio companies and the strategic steps we have taken.

DSTF has expanded its portfolio from 13 to 17 participations, spread across five different segments. Of these participations, eight are located in the Netherlands and nine abroad. This international diversification ensures a balanced risk distribution and strengthens our position as a pioneering investment company.

We are currently investigating two potential new participations, one of which is active in the rapidly growing e-sports sector. This is a strategic move, given the enormous potential and growth trajectory of this market. We remain selective in our choices and invest only in companies that strengthen our portfolio and have a clear exit strategy.

An important part of our strategy is ‘cashing in’ our portfolio at the right moment and under the right conditions. Currently, five of our participations are in various stages of exit discussions. We are working closely with these companies to achieve the best possible terms and maximize value for our investors.

In addition, we have taken an important step in optimizing the DSTF structure. This provides even more transparency and trust within our organization and towards our investors.

DSTF has expanded its portfolio from 13 to 17 participations, spread across five different segments. Of these participations, eight are located in the Netherlands and nine abroad. This international diversification ensures a balanced risk distribution and strengthens our position as a pioneering investment company.

We are currently investigating two potential new participations, one of which is active in the rapidly growing e-sports sector. This is a strategic move, given the enormous potential and growth trajectory of this market. We remain selective in our choices and invest only in companies that strengthen our portfolio and have a clear exit strategy.

One of the most impactful developments in December 2024 was the increase of our stake in The Binary Holdings to 5%. This step has far-reaching consequences for the revaluation of our certificates; moreover, this participation enables us to benefit from the participation exemption, which brings fiscal advantages.

An additional incentive for this decision is the announced IPO of The Binary Holdings in the first quarter of 2027. This offers DSTF and its certificate holders an excellent opportunity for further value growth and strengthens our position as an influential player within the sports technology sector.

To allow our certificate holders to benefit from the expected increase in value, we held a successful financing round in the last two weeks of December. In a short period of time, we managed to raise more than €7.5 million – an amount that exceeded our expectations. This illustrates the growing confidence in DSTF and the attractiveness of our investment strategy.

The management team has decided to focus in 2025 on actively managing DSTF 1. This means that we will proactively seek partners/buyers for existing participations while at the same time providing the best companies in our portfolio with additional funding to maximize their growth potential. New investments will be made very selectively and will focus exclusively on scale-ups with a clear two-year exit strategy.

In parallel, preparations are underway for the establishment of DSTF 2, with a targeted launch in the second half of 2025.

This structure will build on the successes of DSTF 1 and focus on promising companies within sports technology and related sectors. With the lessons learned from DSTF 1 in mind, DSTF 2 will be set up with an even sharper investment profile and a targeted exit strategy.

With a significantly expanded portfolio, multiple discussions with buyers and/or exit partners in the pipeline, and a larger stake in The Binary Holdings, DSTF continues to strengthen its position as a leading investment fund in sports technology. We look forward to a promising 2025, in which we will further refine our investment strategy and enable both our certificate holders and portfolio companies to benefit from new opportunities and growth prospects.