We have advised Bridgepoint Growth (Bridgepoint) on its investment in Chime Software (Chime), a UK-based SaaS provider transforming how construction companies manage their workforces and on-site operations.
The transaction sees Bridgepoint become a significant minority shareholder in Chime.
Founded in 2016 with a focus on solving real-world inefficiencies on construction sites, Chime is a leading platform for digital timesheets, real-time site visibility, mobile-friendly forms, inductions, onboarding, workflows, and health and safety documentation. Its powerful cloud-based web system and intuitive mobile app are used by more than 80,000 operatives from hundreds of construction companies daily, with continuous refinement in line with live customer feedback and operational needs.
With Bridgepoint’s backing, Chime is well positioned to capitalise on a highly attractive market with low digital penetration, strong growth and significant white space opportunity. As the global construction industry’s transition from legacy paper-based to modern digital systems gathers pace, Chime offers a simple, reliable, and highly scalable mobile-first product to speed up site entry, remove bottlenecks, and ensure safety and compliance processes happen in real-time. Its innovative software integrates directly into business-critical payroll workflows, delivering significant ROI.
The investment announced today will enable Chime to accelerate its product roadmap and transition into a complete, all-in-one construction software platform, including expansion into new modules covering health & safety, quality control and asset management, with further investment into customer success.
