Bridgepoint partners with Surikat, a SaaS provider of Supply Chain Solutions
Bridgepoint has announced its partnership together with the CEO and founder of Surikat, a provider of software solutions for the maritime and logistics sectors. The investment was made via Bridgepoint Growth II (BG II), its small-cap fund focused on supporting the continued global growth of dynamic, rapidly growing businesses across Europe and North America.
Surikat, headquartered in Gothenburg, Sweden, develops software solutions for land-based and maritime logistics, addressing the complex needs of ports, terminals, and transportation operators globally.
Surikat’s SaaS solutions are centred on its Terminal Operating System (TOS) and Transport Management System (TMS), which deliver real-time visibility, automation, and operational efficiency. Serving over 35 countries, Surikat has a client portfolio including Stena Line, P&O Ferries, and Kuehne+Nagel. The company’s scalable platform integrates seamlessly into clients’ IT ecosystems, driving measurable ROI while supporting safety and regulatory compliance with key stakeholders.
International demand for modern software solutions in ports and logistics is expanding rapidly, with the global addressable market forecasted to continue to grow at high double-digit rates annually for TOS and transport visibility solutions. This growth is underpinned by increasing adoption of cloud-based systems, regulatory demands, and a global push for greater transparency across supply chains. Surikat has established itself as a trusted and leading provider in the high-growth niche of mission-critical logistics software for maritime and land-based terminals, with an impressive 31% revenue CAGR from 2021 to 2024.
Under the leadership of CEO Andreas Karlsson, who will remain as a significant shareholder alongside Bridgepoint, Surikat will continue to pursue an ambitious growth strategy. Leveraging the depth of sector expertise across Bridgepoint’s global office network, Surikat will expand its presence across new geographies, further enhance its software platform, and scale its operations, targeting adjacent markets such as intermodal and inland terminals as well as entry into additional high value geographies such as North America. Bridgepoint will provide strategic guidance and resources to reinforce Surikat’s scalability and position as a preeminent provider in the logistics software sector.
Andreas Karlsson, CEO of Surikat, added:
"Surikat has achieved remarkable profitable growth to date by consistently delivering premium, reliable, and highly innovative mission-critical software for our clients in the maritime and logistics sectors. This partnership with Bridgepoint marks the next exciting chapter in our journey. Benefitting from Bridgepoint’s sector expertise and breadth of resources globally, we are well-positioned to accelerate our expansion into new markets and continue setting new benchmarks for customer value and innovation in the logistics software space."
Ann Dahlman, Partner at Bridgepoint Growth, commented:
"Surikat is a prime example of the innovative businesses we seek to support. Its cutting-edge software solutions and leading market position align perfectly with our strategy to back high-growth, profitable technology companies. Deploying the full breadth of sector expertise and resources across Bridgepoint’s global office network, we look forward to partnering with Andreas and the team to realize Surikat’s full potential in its European home market, and in exciting new geographies globally."
The transaction closed in December 2024. The transaction builds on Bridgepoint’s track record of backing high-growth small-cap technology businesses in Europe, such as Condatis, one.network , TicTac as well as leading logistics software businesses such as Unifaun/Memnon, Sinari and PTV Group.
Bridgepoint was advised by Snellman (Legal Advisor), Roland Berger (Commercial Due Diligence), Crosslake (Tech Due Diligence), Alvarez & Marsal (Financial Due Diligence), Svalner (Tax Due Diligence). Surikat was advised by EY and Delphi as Legal Advisor.
Financial terms of the transaction were not disclosed.
Dec 20 2024
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