Total amount raised
$416.8 Millions
Latest funding date
10/1/2021
Location
JumpCloud has successfully raised significant funding through multiple rounds, attracting a diverse group of investors including Atlassian Ventures and CrowdStrike Falcon Fund. The platform offers a unified solution for identity, access, and device management, catering to a global user base.
Keep reading to explore the intricacies of JumpCloud's fundraising journey and the investors backing this innovative platform.
What Is JumpCloud?
JumpCloud, founded in 2012, is headquartered in Louisville, Colorado. The company was established by Antoine Vincent Jebara, David Campbell, Gregory Keller, Larry Middle, Rajat Bhargava, and Topher Marie.
JumpCloud offers an open directory platform that integrates identity, access, and device management across various operating systems and devices. Their mission is to provide secure, frictionless access from any device to any resource, anywhere.
With a workforce of 501-1000 employees, JumpCloud continues to innovate in the IT, security operations, and DevOps sectors, providing a cloud-based solution to control and manage employee identities and devices.
How Much Funding Has JumpCloud Raised?
- Series A
- Amount Raised: $100K
- Date: March 2015
- Lead Investors: Techstars
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of their open directory platform.
- Series B
- Amount Raised: $3.2M
- Date: April 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand their product development and market reach.
- Series B
- Amount Raised: $4.3M
- Date: August 2016
- Lead Investors: Ridge Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further scale their operations and enhance their platform.
- Series C
- Amount Raised: $20M
- Date: November 2017
- Lead Investors: Foundry Group, OpenView
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and expand their customer base.
- Debt Financing
- Amount Raised: $10M
- Date: September 2018
- Lead Investors: Comerica Incorporated
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing operations and growth initiatives.
- Series D
- Amount Raised: $50M
- Date: May 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand their market presence and product capabilities.
- Series E
- Amount Raised: $75M
- Date: November 2020
- Lead Investors: BlackRock Innovation Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance their platform and scale their operations.
- Series E
- Amount Raised: $25M
- Date: January 2021
- Lead Investors: BlackRock Innovation Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue scaling their platform and support growth.
- Series F
- Amount Raised: $159M
- Date: September 2021
- Lead Investors: Sapphire Ventures
- Valuation at Round: $2.625 billion
- Motivation Behind the Round: To accelerate the adoption of their modern directory platform among SMEs.
- Series F
- Amount Raised: $66M
- Date: October 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: $2.625 billion
- Motivation Behind the Round: To facilitate deep integration work with strategic partners.
Total Amount Raised: $411.6M. Current Valuation: $2.625 billion.
Key Investors
- Atlassian Ventures
- Details: Atlassian Ventures is the venture capital arm of Atlassian, a company known for its collaboration and productivity software. They invest in technology companies that align with Atlassian's mission to unleash the potential of every team.
- Investment Focus Areas: Technology, collaboration tools, productivity software
- Notable Investments: Slack, Trello, Zoom
- CrowdStrike Falcon Fund
- Details: CrowdStrike Falcon Fund is a venture capital fund associated with CrowdStrike, a leader in cybersecurity. The fund focuses on investing in companies that enhance cybersecurity and IT infrastructure.
- Investment Focus Areas: Cybersecurity, IT infrastructure, cloud security
- Notable Investments: Corelight, Humio, Abnormal Security
- BlackRock
- Details: BlackRock is a global investment management corporation, managing assets for clients worldwide. They provide a range of investment and technology services to institutional and retail clients.
- Investment Focus Areas: Technology, financial services, healthcare
- Notable Investments: Apple, Microsoft, Alphabet
- General Atlantic
- Details: General Atlantic is a global growth equity firm that provides capital and strategic support for growth companies. They focus on partnering with entrepreneurs and management teams to build market leaders.
- Investment Focus Areas: Technology, consumer, healthcare
- Notable Investments: Airbnb, Alibaba, Uber
- OpenView
- Details: OpenView is a venture capital firm that invests in expansion-stage software companies. They focus on helping companies grow and scale their operations.
- Investment Focus Areas: Software, SaaS, enterprise technology
- Notable Investments: Datadog, Expensify, Instructure
What's Next for JumpCloud?
JumpCloud stands at the cusp of significant growth opportunities, driven by the increasing shift to remote work and the need for modern IT solutions. With over $400 million in capital raised and a valuation of $2.625 billion, the company is well-positioned to accelerate the adoption of its cloud-based directory platform among small and midsize enterprises (SMEs). Strategic partnerships with Atlassian and CrowdStrike, along with expansion into the Japanese market through NTT Docomo Ventures, further bolster its growth prospects.
Future fundraising opportunities appear promising, given the strong investor confidence demonstrated in the recent Series F round. However, JumpCloud will need to navigate challenges such as competing with established legacy systems like Microsoft's Active Directory and keeping pace with rapid technological changes and evolving security threats. Ensuring seamless integration across diverse IT environments will be crucial for maintaining its competitive edge.
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