JumpCloud Raises $100 Million in Oversubscribed Round, OurCrowd Investment Shows Ability to Participate in Big VC Rounds
January 12, 2021 @ 8:23 am By JD Alois
JumpCloud, an enterprise cloud service provider that has boomed during COVID, has raised a $100 million Series E funding round that was said to be oversubscribed. The round was led by Blackrock with additional investment from an affiliate of
H.I.G. Growth Partners,
General Atlantic.
JumpCloud is currently used by more than 100,000 organizations spanning over 100 countries, with more than 3,000 customers including Cars.com, GoFundMe, ClassPass, Nimbus Therapeutics, Grab, Pulselive, SlimPay, Foursquare, Beyond Finance, and Funding Societies.
JumpCloud previously announced its $75 million Series E closed on November 10, 2020, but $25 million was then added to the round. Since launch, JumpCloud has raised $200 in private capital.