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Bluesquare

“Can an open-source, Digital-Public-Good data platform become the default operating system for public-health financing and surveillance in low- and middle-income countries?”

Founded2012
HQBrussels, Belgium
FoundersNicolas de Borman
IndustryVertical SaaS / Healthcare
The story

Bluesquare was founded in 2012 as a Belgian technology company building data systems for results-based financing (RBF) and performance-based financing (PBF) in emerging-market health programs. Over time it evolved into a broader public-health data infrastructure company centred on two open-source Digital Public Goods — IASO (geospatial data collection) and OpenHEXA (data integration/analysis) — plus commercial DHIS2 hosting. The 2026 launch of the Bluesquare Console added a self-serve subscription and integrated payment management layer, marking the company's move from pure services-and-hosting to a SaaS-style product model.

Last 12 months
2026-07
2026-04
2026-01
Product timeline
2012
Bluesquare founded in Brussels by health economist Nicolas de Borman to build data systems for results-based health financing in emerging markets.· founding
2016
Raised €550k+ capital investment led by Belgian social investment fund SI2 Fund.· funding
2018
Romain Olekhnovitch joins to lead data science; company begins scaling data platform focus.· pivot
2021
Secures partnership work with Bill & Melinda Gates Foundation; rapid team growth.· product
2026
Launches Bluesquare Console — centralized hub with integrated payment management for its six product subscriptions (IASO, OpenHEXA, DHIS2 hosting, Apache Superset hosting, On-Premise hosting, Service Packs).· product
The stack
0 layers disclosed in Bluesquare’s embedded-finance stack
Accounting gap: none