11 Jul 2019, 12:21
ValueBlue Spreads Its Wings After Major Investment
ValueBlue, the SaaS supplier that increases the success of its customers by providing insight into relationships between data, IT, and business, today announces that it has received a two million euro investment from Newion.
ValueBlue’s mission is to provide organizations worldwide with real-time, up-to-date control information that allows them to quickly, easily, and structurally realize their goals.
The more than 100 satisfied ValueBlue clients are able to respond more quickly to opportunities and developments, save on costs through better IT deployment, continuously innovate by relying on data, and work on commitment thanks to up-to-date, high-quality management information.
Jelle Visser, business development & marketing manager ValueBlue: “We are very happy with Newion’s capital injection and will use it to meet growing customer demand in the Benelux and North America. With our BlueDolphin solution, we currently have very little competition. We therefore want to continue developments and further strengthen our market position in the aforementioned regions.”
Patrick Polak, founder and managing partner of Newion: “We see parallels with our other enterprise SaaS investments that are internationally successful. Thanks to the simplicity of its solution, ValueBlue clients can accelerate their digital transformation.”
ValueBlue is the developer of BlueDolphin, a SaaS collaboration application that allows organizations to gain insight into business processes and digital environments. BlueDolphin brings all data about business processes and IT together, and translates these into control and improvement information by means of clear visualizations and reports. BlueDolphin is simple, allowing users to easily collaborate and share insights. This makes organizations more effective and enables them to save on costs.
The company was founded in 2011, and currently employs 40 people. BlueDolphin is used by around 100 organizations, both nationally and internationally, including a large number of Dutch municipalities, the Prinses Maxima Center, the Rijksmuseum, the Erasmus University, Heijmans, Boskalis, and NIBC. Internationally, BlueDolphin is used by FIS Global and Superior Tank.
Newion focuses on European business-to-business software start-ups and scale-ups with a global ambition. Since its founding in 2000, Newion has been one of the best performing fund managers in its sector. Newion has previously invested in companies including Collibra, iWelcome, Reasult, 24iMedia, Nallian, Foleon, CustomerGauge, L1NDA, The Next Ad, Oxynade, Swipeguide, Roadmap, RexAI, DataStories, Playpass, TaxModel and Deliverect, and has also exited Oxxio, Mirror42, and Q-go. Newion III is supported by InnovFin Equity, including financial support from the European Union under Horizon 2020 Financial Instruments and the European Funds for Strategic Investments (EFSI), set up under the European investment plan. The EFSI’s goal is to support the financing and implementation of productive investments within the European Union and to ensure that access to funding is improved.
Jelle Visser, commercial manager at ValueBlue, explains that since the release of BlueDolphin, his company has shown impressive growth figures (two to three hundred percent annually), and therefore appeared on the Dutch Newion Investments’ radar. “Newion likes to invest in European companies, especially start-ups who wish to make the step towards scale-up. Of course, we already call ourselves a scale-up. With forty employees, we’re quite a large company now.”