team.blue, a Ghent, Belgium-based digital enabler for SMBs in Europe, secured a €550 million investment at a €4.8 billion valuation.
Investors
The investment came from the Canada Pension Plan Investment Board (CPP Investments), a global investment management organization based in Toronto.
CPP Investments manages assets for over 22 million Canada Pension Plan contributors and beneficiaries worldwide, investing in public equities, private equities, real estate, infrastructure, and fixed income to build diversified portfolios. Operating independently from the Canada Pension Plan, CPP Investments has offices in major cities such as Hong Kong, London, New York City, and Sydney, overseeing a total fund of $632.3 billion as of March 31, 2024.
team.blue Use of Funds
The company plans to use the funds for growth strategies, enhancing online tools, and expanding their portfolio of Software-as-a-Service (SaaS) solutions across Europe.
About team.blue
team.blue is a digital enabler for businesses and entrepreneurs across Europe, focusing on providing digital solutions and services to small and medium-sized businesses (SMBs). It offers web hosting, domains, e-commerce, online compliance, lead generation, and application solutions through a team of over 2,500 experts. The company comprises 60+ successful brands serving 3.3 million customers. team.blue's vision is to simplify online business by shaping technology and providing customers with innovative online products and services.
Funding Details
Company: team.blue
Raised: €550.0M
Round: Unknown
Funding Month: July 2024
Lead Investors: Canada Pension Plan Investment Board
Additional Investors:
Company Website: https://team.blue/
Software Category: Digital Solutions
Source: https://press.team.blue/239289-team-blue-welcomes-new-investment-from-cpp-investments-in-transaction-worth-4-8bn