October 9, 2017 11:30 AM, EDT

BluJay Solutions Raises $500 Million to Fund Growth

Supply chain software provider BluJay Solutions has received an unspecified investment from Temasek, an investment company based in Singapore, to support the growth of its global trade network.

“Our objective is to become the world’s premier supply chain network, moving products around the world with ever-greater efficiency,” said Doug Braun, CEO of BluJay. “Our relationship with Temasek will allow us to invest more aggressively by building on our innovative platform and entering new markets.”

In August, BluJay secured $200 million in additional capital from TPG Specialty Lending and BlueBay Asset Management’s Private Debt Group and now has access to more than $500 million to finance growth and make acquisitions.

San Francisco-based investment firm Francisco Partners will continue to own a majority stake in BluJay Solutions, according to a statement issued Sept. 25.

BluJay Solutions was created in March as the new name for a company made up of Kewill, based in Manchester, England, and LeanLogistics, based in Chelmsford, Mass., and Holland, Mich.

BluJay’s global trade network consists of more than 40,000 carriers, shippers, forwarders, suppliers and logistics companies.

Among the users of BluJay’s software is Lineage Logistics, a major provider of refrigerated warehousing and distribution services to food and beverage companies. Lineage Logistics ranks No. 20 on the Transport Topics Top 50 list of the largest logistics companies in North America.