Baillie Gifford Funds Slash VerSe Innovation Valuation by Up to 80%

27 Oct 2026, 1:13 pm · 3h ago · 1 min read · Inc42New

Investment funds managed by Baillie Gifford have marked down the carrying value of their holdings in VerSe Innovation, the parent company of Dailyhunt and Josh, by up to 80%. Pacific Horizon Investment Trust reduced its valuation of VerSe to £4.08 million, marking an 80.3% drop since July 2024. Meanwhile, The Schiehallion Fund lowered its holding value to $7.47 million, implying an estimated company valuation of roughly $576 million. VerSe was previously valued at $5 billion during its $805 million fundraise in April 2022, facing significant valuation pressure amid reassessments by global asset managers.