Total amount raised
$416.8 Million
Latest funding date
10/1/2021
Location
JumpCloud has successfully raised funding over 12 rounds, with the latest being a Series F round. The company is backed by 27 investors, including Atlassian Ventures and CrowdStrike Falcon Fund.
Keep reading to explore the intricacies of JumpCloud's fundraising journey and the investors backing this innovative platform.
What Is JumpCloud?
JumpCloud, based in Louisville, Colorado, is a prominent player in the IT and security management industry. The company offers an open directory platform that ensures secure, frictionless access from any device to any resource, anywhere.
Founded with a vision to simplify IT operations, JumpCloud has grown significantly, now employing between 501 and 1000 people. The platform integrates identity, access, and device management, providing comprehensive solutions for modern IT needs.
How Much Funding Has JumpCloud Raised?
- Series A
- Amount Raised: USD 100,000
- Date: March 2015
- Lead Investors: Techstars
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of JumpCloud's open directory platform.
- Series B
- Amount Raised: USD 3,200,000
- Date: April 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's capabilities and market reach.
- Series B
- Amount Raised: USD 4,250,000
- Date: August 2016
- Lead Investors: Ridge Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the platform and scale operations.
- Series C
- Amount Raised: USD 20,000,000
- Date: November 2017
- Lead Investors: Foundry Group, OpenView
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance product features and support customer growth.
- Debt Financing
- Amount Raised: USD 10,000,000
- Date: September 2018
- Lead Investors: Comerica Incorporated
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide additional working capital for expansion.
- Series D
- Amount Raised: USD 50,000,000
- Date: May 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and expand market presence.
- Series E
- Amount Raised: USD 75,000,000
- Date: November 2020
- Lead Investors: BlackRock Innovation Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance platform capabilities.
- Series E
- Amount Raised: USD 25,000,000
- Date: January 2021
- Lead Investors: BlackRock Innovation Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing growth and product development.
- Series F
- Amount Raised: USD 159,000,000
- Date: September 2021
- Lead Investors: Sapphire Ventures
- Valuation at Round: USD 2.625 billion
- Motivation Behind the Round: To accelerate the adoption of JumpCloud's modern directory platform among SMEs.
- Series F
- Amount Raised: USD 66,000,000
- Date: October 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: USD 2.625 billion
- Motivation Behind the Round: To address the growing challenges faced by IT teams and support deep integration with strategic partners.
Total Amount Raised: USD 412,550,000. Current Valuation: USD 2.625 billion.
Key Investors
- Sapphire Ventures
- Details: Sapphire Ventures is a venture capital firm that invests in growth-stage technology companies. They have a strong focus on enterprise software and have been instrumental in scaling numerous tech startups.
- Investment Focus Areas: Enterprise software, technology, growth-stage companies.
- Notable Investments: LinkedIn, Box, Square.
- Atlassian Ventures
- Details: Atlassian Ventures is the investment arm of Atlassian, a company known for its collaboration and productivity software. They focus on investing in companies that build products within the Atlassian ecosystem.
- Investment Focus Areas: IT management, software integration, Atlassian ecosystem.
- Notable Investments: Not publicly disclosed.
- CrowdStrike Falcon Fund
- Details: CrowdStrike Falcon Fund is the investment arm of CrowdStrike, a leader in cybersecurity solutions. They focus on investing in companies that enhance cybersecurity and IT management.
- Investment Focus Areas: Cybersecurity, IT management, technology.
- Notable Investments: Not publicly disclosed.
- NTT Docomo Ventures, Inc.
- Details: NTT Docomo Ventures is the corporate venture capital arm of NTT Group, focusing on technology and telecommunications. They invest in innovative companies that align with their strategic goals.
- Investment Focus Areas: Technology, telecommunications, remote work solutions.
- Notable Investments: Not publicly disclosed.
- General Atlantic
- Details: General Atlantic is a global growth equity firm that provides capital and strategic support for growth companies. They have a diverse portfolio across various sectors.
- Investment Focus Areas: Technology, healthcare, financial services, consumer sectors.
- Notable Investments: Airbnb, Slack, Uber.
What's Next for JumpCloud?
JumpCloud stands at the cusp of significant growth opportunities, driven by the increasing demand for secure and efficient remote work environments. With a global user base of over 120,000 organizations, the company is poised to accelerate the adoption of its modern directory platform among small and midsize enterprises (SMEs). Strategic integrations with Atlassian and CrowdStrike, along with expansion into the Japanese market, highlight the vast potential for JumpCloud's solutions.
Future fundraising opportunities appear promising, given the strong investor confidence demonstrated in the recent Series F round. The growing need for scalable IT management solutions suggests that JumpCloud may continue to attract substantial investments. However, the company will need to navigate challenges such as competing with established legacy solutions and managing rapid growth to maintain its competitive edge.
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