Enterprise Investors injects €5.5m into BLStream

The investment was made through the Enterprise Venture Fund I vehicle, which closed on €100m in 2008. Investments from the fund range from €1-6m and target SMEs operating in Poland and other CEE countries.

Company
Founded in 1999 and based in Finland, BLStream develops, produces and maintains software for mobile devices and gaming content for mobile devices and games consoles. The firm, which does most of its development work in Poland, also operates as a system integrator, connecting mobile devices to online services and IT systems.

BLStream counts Intel, Nokia Play and the BBC among its clients. The firm reported a €10.5m turnover in 2011 and employs 250 IT specialists.

People
Tomasz Pietka, vice president of Enterprise Investments, led the transaction. Samuli Koski-Lammi is the founder of BLStream.

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