Team.blue Due Diligence

Run due diligence on Team.blue: check compliance and get alerts when suppliers or ownership change.

Belgium · owned by Hg Capital (United Kingdom) · team.blue · 22 vendors

team.blue is a leading European digital enabler that provides digital presence and enablement tools such as domains, hosting, email, and virtual private servers. The company also offers SaaS products including compliance, marketing tools, and team collaboration products. Its mission is to simplify online business for entrepreneurs and small and medium-sized businesses with AI-powered digital solutions.

Resilience scores

Technology vendors

Services catalogue

20 services in catalogue across 5 categories; runs on 22 sub-vendors.

Insights

Last updated 2026-07-12 · revision 12

22 direct vendors, 241 subvendors

Direct vendors by controlling owner country (sample)

Subvendors by controlling owner country (sample)

Compliance

8 in-scope frameworks identified; showing 3.

GDPR (source) — No public evidence

Evidence: https://team.blue, https://team.blue/ecosystem/, https://team.blue/legal-and-security/whistleblower/, https://complianz.io/, https://www.iubenda.com, https://www.consentmanager.net/, https://gdpr-info.eu/

NIS2 (source) — No public evidence

Evidence: https://team.blue/ecosystem/, https://team.blue/legal-and-security/whistleblower/, https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A32022L2555, https://ccb.belgium.be/en/cybersecurity/nis2

ISAE 3000 (source) — No public evidence

Evidence: https://team.blue, https://www.iaasb.org/publications/international-standard-assurance-engagements-isae-3000-revised-assurance-engagements-other-audits

Financials

Three-year financials

Financial Resilience Score: 7/10

team.blue demonstrates strong financial resilience underpinned by a highly recurring, subscription-based revenue model serving 3.3m SMB customers across 23 European countries. The company reports a 42% adjusted EBITDA margin, 77% gross margin, 90% cash conversion, and a 'Rule of 50+' combining growth and profitability — metrics that compare favorably with typical SaaS peers. Revenue has grown from €429m in FY2022 to €784m in FY2025 (roughly 22% CAGR), with FY2025 organic growth of 11% and Net Revenue Retention above 100%, indicating durable customer economics (LTV/CAC of 13x). However, resilience is tempered by significant risks tied to its private-equity roll-up model. Heavy M&A activity (11 acquisitions in 2025 alone, ~€300m of acquired revenue since 2020) implies substantial goodwill/intangibles and likely meaningful leverage that is not publicly disclosed. Neither consolidated EBIT nor group shareholders' equity are published, limiting transparency. The group benefits from deep-pocketed long-duration sponsors (Hg, Sofina, CPP Investments) who valued the business at €4.8bn in 2024, supporting continued strategic flexibility. Overall, the company appears financially strong on operating metrics but carries integration, leverage, and disclosure-related risks typical of PE-backed roll-ups.

Key strengths: Recurring subscription-based revenue with ~2.7m infrastructure customers, 42% adjusted EBITDA margin and 77% gross margin, 90% cash conversion (PF-adjusted), Net Revenue Retention >100% and LTV/CAC of 13x, Diversified across 23 countries and 3.3m SMB customers, Deep-pocketed sponsors: Hg, Sofina, CPP Investments (€4.8bn valuation), Strong founder retention (>90% stay beyond earn-out), 22% revenue CAGR FY2022-FY2025, AI-enabled products ~50% of new customer ARR

Risk factors: Heavy M&A dependence with ~€300m acquired revenue since 2020, Leverage and net debt not publicly disclosed, No published consolidated IFRS statements or EBIT/equity at group level, Integration complexity across 60+ brands and 23 countries, AI disruption could compress value of some SaaS layers, FX exposure to non-euro currencies (Turkey, UK, Switzerland, Nordics), Regulatory dependence — some products rely on EU compliance tailwinds, Significant goodwill/intangibles amortisation likely weighing on statutory EBIT

Revenue by product/service

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