Bridgepoint has reinvested in Brevo, a European customer engagement software brand, as part of the company’s latest €500m financing round. As a result of the round, Brevo has officially become a unicorn for the first time. Bridgepoint has reinvested as a minority shareholder through Bridgepoint Development Capital V, a lower middle-market fund focused on supporting fast-growing businesses across Europe.
In addition, Bridgepoint has fully realised the original minority stake of its earlier vintage, BDC III, which first invested in the company in 2020. Following this transaction, Brevo’s management and employees have become the company’s largest shareholder. General Atlantic and Oakley Capital join Bridgepoint as shareholders in this new round.
Brevo has undergone significant changes since the initial investment in 2020. ARR is forecast to surpass €200m in 2025, representing growth of around five times since 2020, alongside double-digit EBITDA margins, with product innovation and expansion beyond email into CRM, marketing automation and multi-channel capabilities. Brevo has also completed nine bolt-on acquisitions with Bridgepoint’s support. The company now serves more than 600,000 customers across 180+ countries.
The new investment will enable Brevo to accelerate its international strategy, continue scaling in North America, invest further in large-scale AI-driven product capabilities and pursue targeted M&A to extend its platform, towards the goal of €1bn in annual revenue by 2030.
The transaction completed in November 2025. Financial terms were not disclosed.
Brevo and its shareholders were advised by Evercore and Goldman Sachs (M&A), as well as Crosslake (Tech) and Alvarez & Marsal (Financial).
Bridgepoint was advised by Moelis & Company (Independent Financial Advisor to Bridgepoint Limited Partner Advisory Committees). In addition, BDC V was advised by Proskauer (Legal), McKinsey (Commercial), EY-Parthenon (Financial) and Clipperton Finance (financial advisor). BDC III was advised by Mayer Brown (Legal).
