UK-based supply chain software firm BluJay Solutions has secured investment from a Singaporean wealth fund.
Temasek鈥檚 minority investment values BluJay, which is headquartered in Manchester, at $700 million (拢517m).
Following a recent financing package it secured recently, the firm now has access to over $500m (拢370m) of capital to pursue strategic ambitions.
鈥淥ur objective is to become the world鈥檚 premier supply chain network, moving products around the world with ever greater efficiency,鈥� said Doug Braun, BluJay chief executive.
鈥淥ur relationship with Temasek will allow us to invest more aggressively by building on our innovative platform and entering new markets.鈥�
Private equity firm Francisco Partners remains the majority shareholder in BluJay.
Deep Shah, Francisco co-president and chairman of BluJay鈥檚 board of directors, said: 鈥淲e are excited to have Temasek as an investment partner.
鈥淲e believe they will add tremendous value to the business and together we will bring our experience, knowledge, and guidance to help BluJay on its continued exciting journey.鈥�