LumApps and Bridgepoint announce the official closing of Bridgepoint’s investment in next-generation intranet LumApps
LumApps and Bridgepoint announce the official closing of Bridgepoint’s investment (Bridgepoint Europe VII - “BE VII”) in next-generation intranet LumApps, in a deal valued at $650 million.
LumApps' existing backers—Growth Equity at Goldman Sachs Alternatives, Bpifrance through its Large Venture fund, and IRIS—have sold their shareholdings in LumApps to Bridgepoint as part of the transaction. Eurazeo Growth will retain a minority investment in LumApps. LumApps’ founders and senior management will remain strongly invested in the company’s equity and business.
Bridgepoint will support LumApps in accelerating its international expansion, with a focus on the US, while further investing in product development to enhance the employee experience through advanced AI and machine learning technologies, cross-selling new products, and continuing M&A activities.
“The Kitchen helped us deliver clear, consistent communication during intense change and has become part of everyday life for JETers worldwide.”
