About Blue Lagoon
Blue Lagoon is a venture capital firm founded in 2008. It is primarily based out of Sunrise, United States. As of Mar 2025, Blue Lagoon has invested in 6 companies. It primarily invests in Series A round in United States based startups. Its investments are spread across a wide range of sectors from High Tech to Enterprise Applications and Real Estate and Construction Tech. Most recently it participated in the $***** Series B round of Beep Overall, Blue Lagoon portfolio has seen 3 acquisitions, namely Virtustream and Greensmith Energy. A lot of funds co-invest with Blue Lagoon, with names like Intel sharing a substantial percentage of its portfolio. Blue Lagoon has team of 3 people including 2 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Series B & 1 more
Portfolio Acquisitions
Portfolio Soonicorns
Blue Lagoon's List of Top Investments
Blue Lagoon has a portfolio of 6 companies. Their most notable investments are in Lemongrass Consulting and Beep.Their portfolio spans across United States, Switzerland and United Kingdom. They have invested in High Tech, Enterprise Applications, Real Estate and Construction Tech and 12 other sectors, across stages such as Series A, Series B and 1 more. Here is the list of top investments by Blue Lagoon:1. Beep
Operator of autonomous vehicle networks providing transportation solutions for communities. The organization focuses on deploying and managing self-driving vehicles to enhance mobility. It delivers transportation services through these autonomous networks. The company aims to improve accessibility and efficiency in transit.
Key facts about Beep
- Founded Year: 2019
- Location: Orlando (United States)
- Annual Revenue: £125K as on Sep 30, 2025
- Stage: Series B
- Total Funding till date: $97.7M
- Employee Count: 51 - 200 as on Jul 16, 2025
- Investors: ABS Capital, Intel and 5 Others
- Latest Funding Round: Series B, Mar 28, 2025, $*****
- Highlight: Editors' Pick
2. Pointivo
AI-driven drone inspection maintenance service provider. Provides 3D visualization and modelling tools to the construction, roofing, insurance, and home improvement industries. Features include connecting AI, computer vision and advanced analytics into drone inspection services. Users can capture videos and reconstruct the property including measurements, and create a 3D model with dimensions that can be integrated with other applications.
Key facts about Pointivo
- Founded Year: 2014
- Location: Atlanta (United States)
- Stage: Series B
- Total Funding till date: $8.38M
- Employee Count: 13 as on May 31, 2026
- Investors: VentureSouth, Tech Square Ventures and 8 Others
- Latest Funding Round: Series B, Jan 17, 2022, $*****
- Highlight: Editors' Pick
3. Virtustream
Virtustream is a hybrid cloud services provider. It provides cloud computing management software and IaaS to large enterprises, govt organizations, and service providers. Has an enterprise-class IaaS solution that offers xStream, a software solution for existing data centers/clouds. It also offers comprehensive professional services to assist customers to design, migrate, and manage clouds.
Key facts about Virtustream
- Founded Year: 2008
- Location: Bethesda (United States)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $130M
- Employee Count: 1 - 10 as on Jul 01, 2024
- Investors: Questmark Capital Management, Intel and 14 Others
- Latest Funding Round: Series D, Jul 13, 2016, $*****
- Highlight: Acquired
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Greensmith Energy provides energy storage and analytics solutions for the grid. It provides solutions for grid reliability, renewable integration, microgrid, and hybrid energy. Its products include GEMS, an EMS software platform that monitors, controls, and optimizes energy and GridSolv, a standardized solution that provides flexible and modular storage for the core hardware assets within energy storage systems.
Key facts about Greensmith Energy
- Founded Year: 2008
- Location: Emeryville (United States)
- Stage: Acquired
- Total Funding till date: $34.3M
- Employee Count: 1,117 as on May 31, 2026
- Investors: Cota Capital, TDF Ventures and 6 Others
- Latest Funding Round: Series C, Dec 09, 2015, $*****
- Highlight: Acquired
Lemongrass Consulting offers IT consulting services. It offers a range of services and solutions, including password self-service, migration and implementation of SAP solutions on the Amazon public cloud, SAP Enterprise Porta, compliant user provisioning, SAP partner selection, SAP competency center deployment, SAP technical and security design and implementation, SAP support and maintenance, and SAP training courses. The company is based in Reading, United Kingdom.
Key facts about Lemongrass Consulting
- Founded Year: 2008
- Location: Reading (United Kingdom)
- Stage: Series C
- Total Funding till date: $20M
- Employee Count: 5 as on Mar 31, 2026
- Investors: Columbia Capital and Blue Lagoon
- Latest Funding Round: Series C, Nov 30, 2020, $*****
Blue Lagoon's Year-on-Year Investment Trends
In 2025, it made 1 investment. Its most recent first time investment was in Beep and most recent follow-on round was in Beep.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 1 | 1 |
2024 | 0 | 0 | 0 |
2023 | 0 | 0 | 0 |
2022 | 0 | 1 | 1 |
2021 | 1 | 0 | 1 |
2020 | 1 | 0 | 1 |
2019 | 2 | 0 | 2 |
Blue Lagoon's Investments by Stage
Blue Lagoon has made 2 investments in Series A stage with an average round size of $13.5M, 1 investment in Series B stage with an average round size of $16.5M and 1 investment in Series C stage with an average round size of $10M.Stage of entry | No. of Investments |
|---|---|
Series A | 2 |
Series B | 1 |
Series C | 1 |
Note: We have considered here, only first round of investments
Blue Lagoon's Investments by Sector
Blue Lagoon has a diverse portfolio, with companies operating in the High Tech, Auto Tech, Consumer, Energy Tech and Enterprise Applications. Notably, it has invested in 5 Enterprise (B2B) companies, 5 Tech companies, 4 Software companies and at least 2 companies focusing on Saas.Sector | No. of Investments |
|---|---|
High Tech | 3 |
Auto Tech | 2 |
Consumer | 2 |
Energy Tech | 2 |
Enterprise Applications | 2 |
Others | 16 |
Note: We have considered here, only first round of investments
Blue Lagoon's Investments by Geography
Blue Lagoon has made most investments in United States (3), followed by Switzerland where it has made 1 investment.Country | No. of Investments |
|---|---|
United States | 3 |
Switzerland | 1 |
United Kingdom | 1 |
Note: We have considered here, only first round of investments
Blue Lagoon's recent investments
Blue Lagoon has not made any investment in 2026 so far.Here are the most recent investments by Blue Lagoon:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Mar 28, 2025 | United States | Series B | 1086 | ||
Mar 22, 2022 | United States | Series A | 4766 | [+3] | |
May 26, 2021 | United States | Series A | 6151 | ||
Jan 14, 2020 | United Kingdom | Series C | 8864 | ||
Aug 28, 2019 | United States | Series B | 5595 | [+5] |
Acquired companies in Blue Lagoon's Portfolio
3 companies from Blue Lagoon's portfolio have been acquired. The most recent acquisition was Bestmile in Nov 2021 by ZF for $*****.Here are Blue Lagoon's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Nov 04, 2021 | Aug 28, 2019 | Series B | 7061 | |
May 15, 2017 | - | - | 9253 | |
May 26, 2015 | - | - | 6075 |
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Team profile of Blue Lagoon
Blue Lagoon has a team of 3 members including 2 Partners and 1 Venture Partner located in United States. Blue Lagoon's team does not sit on the board of any company as of now.Here is a list of all team members in Blue Lagoon:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Fort Lauderdale | - | - | |
Partner | Reston | - | ||
Venture Partner | United States | - | - |
Co-investors of Blue Lagoon
Over the past 7 years, 25 investors have co-invested in Blue Lagoon's portfolio companies. This includes only funds.
- Invested before Blue Lagoon: Tech Square Ventures, SBIR and 13 others have invested in rounds before Blue Lagoon. There is 1 company where Tech Square Ventures has invested before Blue Lagoon and 1 company where SBIR has invested before Blue Lagoon.
- Top Co-investors of Blue Lagoon: 5 investors entered a company along with Blue Lagoon. These include investors like Intel (1 company).
- Invested after Blue Lagoon: A total of 5 investors have invested in Blue Lagoon's portfolio after their investments. Top Investors include ABS Capital (1 company), Intel Capital (1 company) and TDF Ventures (1 company).
Recent News related to Blue Lagoon
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Beep Secures $52.7M to Expand AI-Powered Autonomous Shuttle Services in the U.S.SuperbCrew•Jun 30, 2025•Beep, Intel Capital, Blue Lagoon
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Beep Secures $20M Series-A Investment from Intel Capital and Blue Lagoon CapitalIntel Capital•May 26, 2021•Beep, Intel Capital, Blue Lagoon, Beep Beep and 1 other
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Lemongrass Raises $10M in Series C FinancingFinSMEs•Jan 14, 2020•Lemongrass Consulting, Blue Lagoon, Columbia Capital
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Bestmile Raises $16.5M to Fast-track Growth of Autonomous Fleet Orchestration PlatformPR Newswire•Aug 28, 2019•Bestmile, Lagoon Capital, TransLink Capital, Road Ventures and 10 others
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Sinc Raises US$250k in Pre-Seed FundingFinSMEs•Aug 28, 2019•SINC, Dubai Angel Investors, Credijusto, Point72 Ventures and 34 others
