Volpi Capital Invests in Bluestar

London, 22 January 2025 - Volpi Capital, a pan-European B2B technology investor, is delighted to announce its partnership with Bluestar PLM, a leading SaaS provider headquartered in Denmark.

Bluestar PLM offers a cloud-based Product Lifecycle Management (“PLM”) solution, which is embedded within the Microsoft Dynamics ERP platform (i.e. Finance and Supply Chain Management). Discrete manufacturing firms use the solution to help manage their product information, customisations, and traceability requirements. The company has c.60 employees across Europe and North America, and a global customer base of small and large enterprises.

The Volpi and Bluestar PLM teams first met in 2022, and have built a trusted relationship since then, based on a mutual enthusiasm for growth opportunities in the global PLM market. As part of the strategic partnership, there is a joint plan to expand the leadership and go-to-market teams globally, develop a channel program for Bluestar resellers and integrators, and continue to invest in an ambitious roadmap, notably to accelerate AI-driven product innovation based on the Microsoft product stack.

Bluestar PLM represents a natural progression for Volpi’s expertise in the PLM ecosystem, combining deep sector knowledge with hands-on operational support to unlock value.

Jørgen Schiønning Larsen, Bluestar PLM’s founder commented “We, as a team, have a strong desire to grow our company even further and we believe that Volpi Capital is the right partner to help us achieve this. We have great confidence in Volpi and feel a strong sense of alignment with them as individuals as they resonate with our approach to run and lead our company. Volpi fully supports our business values - which is crucial for us.”

Marc Andreoli, investor at Volpi commented “We are excited to partner with the Bluestar PLM team to support the next chapter of their growth. Jørgen, Lisbeth, Jesper and their teams have built an impressive company, and we look forward to bringing our expertise and resources to help them further expand their product, team, and geographic presence”.

Elizabeth Griskova, investor at Volpi Capital commented “Bluestar PLM’s unique positioning as an ERP-based PLM, deep expertise within the engineer-to-order segment and global growth potential makes it an ideal asset to invest in. We look forward to partnering with the team and helping them capture the market opportunity.”

About Volpi Capital

Volpi Capital is a specialist Pan-European lower mid-market private equity firm seeking to partner with ambitious businesses that use technology to disrupt traditional B2B value chains. Volpi typically invests €25-75 million of equity in businesses with enterprise values between €50 million and €200 million and seeks to drive transformative growth through international expansion and consolidation. The firm, which was founded in 2016, closed its third fund (Volpi Capital Fund III) in 2024 with €428 million of commitments.

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