Logistics Scores Another Unicorn For B2B Startups

The $160 million investment in corporate treasury firm Kyriba means private equity firm Bridgepoint will secure a majority stake in the firm. According to a press release, the investment values Kyriba at $1.2 billion, and will be used to propel the company’s position in the treasury technology space. The release noted Kyriba’s $110 million in 2018 revenue, which Bridgepoint aims to accelerate moving forward by targeting product development and customer support — Kyriba will invest $60 million in product development through 2021. The company will retain its current management structure, which includes CEO Jean-Luc Robert.