The liquidators of failedadtech startup Metigy, whichcollapsed into administration in July, just 20 months after raising $20 million in a Series B, have taken a $1.45 million hit on the sale of a country property bought using company funds by the startups now bankrupt founder, David Fairfull.
Fairfull bought the 48-hectare 4-bedroom property in the Southern Highlands, south of Sydney, for $7.7 million in November last year. It sold at auction last week for $6.25 million.
But the good news for creditors and Metigy Group liquidator Cathro & Partners is that the second house he bought, a 6-bedroom Mosman mansion with views over Sydney Harbour, reportedly sold last month for at least $12 million $1.5 million above its $10.5 million purchas…
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