Funding round
team.blue Growth
Reported as "Growth Equity"
team.blue, which works in AI-Powered digital solutions development in Ghent, raised $5.20B in a Growth round announced on 10 Jul 2024, led by CPP Investments. 3 firms took part, 1 of them already investors.
$5.20B
Amount raised
4,800,000,000 EUR converted
Not disclosed
Post-money valuation
3
Investors
1 lead
Valuation
What this round says about the price
team.blue did not disclose a valuation in this round. It is team.blue's first venture round on record, 24 years after it was founded in 2000. No later venture round is on record for team.blue.
team.blue's funding rounds
This is the only venture round on record for team.blue.
- Growth this round 10 Jul 2024, led by CPP Investments $5.20B
Investors
Who put money in
CPP Investments led the round with 2 other firms. Hg had backed team.blue before.
Lead investor
- CPP Investments new investor
Also in the round
- Sofina backs 45 venture-backed companies new investor
- backs 10 venture-backed companies existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, scaling operations, acquisitions and working capital.
- Product development
- Geographic expansion
- Scaling operations
- Acquisitions
- Working capital
Comparable rounds
How it compares
376 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $48M, and this round was 109 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 9 Jul 2024 | $350M | $5.10B | not named |
| Tekion Tech Companies | 16 Jul 2024 | $200M | $4.00B | not named |
| Tech Companies | 25 Jul 2024 | $140M | not disclosed | Savant Growth and VantagePoint Capital Partners |
| Tech Companies | 17 Jul 2024 | $80M | not disclosed | PSG |
| Tech Companies | 15 Jul 2024 | $70M | not disclosed | Riverwood Capital |
| Tech Companies | 16 Jul 2024 | $60M | not disclosed | Vistara Growth |
| Tech Companies | 25 Jul 2024 | $48M | not disclosed | Integrity Growth Partners |
| Armada Tech Companies | 11 Jul 2024 | $40M | not disclosed | M12 |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did team.blue raise in its Growth round?
team.blue raised $5.20B in its Growth round, announced in Jul 2024.
Who led team.blue's Growth round?
CPP Investments led it, with Sofina and Hg.
What was team.blue's valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Tech Companies?
376 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $48M, and this round was 109 times the median.