Goldman Sachs Growth Equity has invested in Blue Sage Solutions during the first external round of funding since the company was founded.
Blue Sage is the developer of the Blue Sage Digital Lending Platform, a browser-based, end-to-end mortgage lending system. The company was founded by Carmine Cacciavillani, its current president and CEO.
Cacciavillani said Blue Sage created its digital lending platform to provide lenders “the most modern and comprehensive solution on the market, allowing them to more efficiently close and fund thousands of loans while reducing compliance risk.”
“With Goldman Sachs as an investor, we continue to strengthen our balance sheet while gaining access to Goldman’s incredible resources, industry relationships and expertise in helping companies like ours to accelerate growth and scale to meet the needs of our customers and prospects,” Cacciavillani said in a release.
“Goldman Sachs also brings a deep understanding of technology and operational expertise to assist in scaling our business,” Cacciavillani continued. “Goldman Sachs’ expertise will contribute to executing our vision.”
Blue Sage will use the capital to continue investing in growth initiatives, the company stated. This will include developing additional features in its digital lending platform.
“We are very excited about our investment in Blue Sage Solutions,” Antoine Munfa, managing director of Goldman Sachs Growth Equity, said. “Blue Sage has a demonstrated track record of innovation and success. We have been extremely impressed by the team’s depth of industry knowledge and the breadth of functionality and scalability of Blue Sage’s digital lending platform.”
Ashwin Gupta, also a managing director of Goldman Sachs Growth Equity, added, “Lenders are increasingly demanding modern software that is easy to use and which increases productivity. Blue Sage does that and more. The company is poised for accelerated growth while already having achieved significant profitability.”