Rationale
Bridgepoint will support LumApps in accelerating its expansion internationally, 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.
Bridgepoint’s strategic investment in LumApps builds on the firm’s strong track record of backing software companies that serve enterprise customers in expanding markets, with multiple levers to drive growth. Previous investments include Kyriba, Fenergo, Calypso, eFront and Brevo.
LumApps at a glance
LumApps is the only next-generation intranet solution that enables employees to feel connected to their organisation and engaged in their work from anywhere.
By delivering a modern, smart digital headquarters, LumApps is revolutionising employee engagement, productivity and learning at work. LumApps utilises an AI-powered platform to make smart, targeted internal communications more effortless, centralises important HR resources and business apps into a single platform, regardless of the collaboration suite: Google Workspace or Microsoft 365.
With more than 5 million users and about 700 clients worldwide, LumApps is recognised as a Leader in 2023 Gartner® Magic Quadrant™ for Intranet Packaged Solutions. LumApps is part of the French Tech 120 program.
Bridgepoint at a glance
Bridgepoint Group plc is a listed international alternative asset manager focused on middle-market companies. With €62 billion of assets under management (when the partnership with ECP completes), the company has nearly 200 investment professionals in Europe, North America and Asia. We combine global scale with local market insight and sector expertise, consistently delivering strong returns through cycles. Bridgepoint invests with four distinct strategies: Mid-cap, Smid-cap, Growth and Credit. The Group has been present in France for over 35 years, where it has one of the largest investment teams and a track record of landmark deals in the technology space, including efront, Calypso, Kyriba and Brevo. Lumapps will be the fourth investment of Bridgepoint Europe VII in France.
