Country for PR: United States
Contributor: PR Newswire New York
Wednesday, September 15 2021 - 23:00
Blume Global Announces New Investment by Bridgepoint
PLEASANTON, Calif., Sept. 15, 2021 /PRNewswire-AsiaNet/ --

-- Latest investment values high-growth supply chain technology leader at $500 
million, provides capital for continued expansion in supply chain visibility 
and orchestration technology

Blume Global, a leading provider of supply chain execution and visibility 
technology, today announced it has raised new equity from London-based 
Bridgepoint Group. This investment will further the company's effort to bring 
its truly innovative and transformational supply chain digitization to the 
industry. This latest funding values Blume Global at $500 million, and 
Bridgepoint joins funds managed by affiliates of Apollo Global Management and 
EQT as equity investors in the company. 

Launched in 2018, Blume Global provides a cloud-first, intelligent operating 
platform that orchestrates global supply chain processes through a digital map 
of the supply chain world for thousands of customers. By digitizing and 
transforming supply chains around the world, enabling shippers (buyers and 
suppliers), logistics service providers and carriers to work together on a 
common data driven platform to reduce waste and inefficiencies through 
visibility, automation and optimization. 

In 2021, Blume Global has continued its high-growth trajectory, with more than 
100% annual bookings growth YTD. The company has added more than 100 employees 
since January in the United States, Hong Kong, Europe and India. With this new 
equity capital, the company expects to make additional investments in R&D and 
go-to-market functions, positioning Blume to continue creating a truly 
transformative and sustainable platform for global supply chains.

"When we launched Blume Global in 2018, we saw an opportunity to build a 
cloud-based digital operating platform for global supply chains that leverages 
modern technologies and machine learning to optimize and automate operations," 
said Pervinder Johar, CEO, Blume Global. "Since then, we have only seen 
increased demand for a supply chain transparency and orchestration platform 
like ours. We are thrilled by this new investment from Bridgepoint Group to 
help fund our continued growth."

Rohit Dhote, Managing Director at Bridgepoint Credit, commented: "Solving 
supply chain complexity and providing visibility into the movement of goods has 
never been more business critical. Blume Global is at the forefront of enabling 
multi-modal supply chains through its leading, cloud-based order management, 
TMS and real-time visibility solutions. We're excited to partner with Blume 
Global, its management team, Apollo and EQT to support the company through its 
next stage of growth."  

Blume Global's mission to reduce $1 trillion of waste from global supply 
chains, lower carbon emissions and democratize technology for millions of small 
to medium businesses that make global supply chains work is resonating in the 
industry. There are more than 10,000 companies on Blume Global's platform, 
including some of the largest shippers, ocean carriers, railroads and global 
freight forwarders.

Justin Korval, Partner at Apollo, said, "Blume Global provides companies with 
business-critical supply chain and logistics solutions playing an important 
role in creating a more sustainable global supply chain. We're pleased to 
support Pervinder and the Blume Global team as they continue to scale the 
business and welcome additional blue-chip investors like Bridgepoint."

In the transaction, J.P. Morgan Securities LLC served as the sole placement 
agent and Cooley LLP as legal counsel to Blume Global. Sidley Austin LLP was 
legal counsel to Bridgepoint, and Paul, Weiss, Rifkind, Wharton & Garrison LLP 
was legal counsel to the Apollo Funds. 

About Blume Global

The supply chain technology provider Blume Global aims to remove $1 trillion of 
waste from the global supply chain, making logistics processes more agile, 
dependable and sustainable with innovative logistics execution and visibility 
solutions. Blume's digital platform goes beyond the transportation management 
status quo, empowering users to quickly predict the impact of disruptions and 
react in real time before minor issues become major problems. With one of the 
most extensive networks among logistics technology providers, Blume Global's 
direct connectivity to the ocean, air, rail, parcel, LTL and truckload carriers 
combines with Blume Global's solutions and 27 years of industry data to give 
customers the intelligence needed to maximize transportation spend, improve 
customer service and reduce carbon emissions.

About Bridgepoint 

Bridgepoint Group PLC is the world's leading quoted private assets growth 
investor focused on the middle-market with €27 billion AUM and a local presence 
in the US, Europe and China. We specialize in private equity and private credit 
and invest internationally in six principal sectors – Business Services, 
Consumer, Financial Services, Medtech & Pharma, Advanced Industrials and Tech & 

About Apollo 

Apollo is a high-growth, global alternative asset manager. We seek to provide 
our clients excess return at every point along the risk-reward spectrum from 
investment grade to private equity with a focus on three business strategies: 
yield, hybrid and opportunistic. Through our investment activity across our 
fully integrated platform, we serve the retirement income and financial return 
needs of our clients, and we offer innovative capital solutions to businesses. 
Our patient, creative, knowledgeable approach to investing aligns our clients, 
businesses we invest in, our employees and the communities we impact, to expand 
opportunity and achieve positive outcomes. As of June 30, 2021, Apollo had 
approximately $472 billion assets under management. To learn more, please visit 

Jon Ross

SOURCE: Blume Global