JumpCloud, a Denver, CO-based provider of solutions that give people secure access to the resources they need to do their jobs, raised an additional $25m to its Series E financing, closing the growth round at $100m.
Funds managed by BlackRock led the round, with additional investment from an affiliate of H.I.G. Growth Partners, OurCrowd, and participation from existing investor, General Atlantic.
JumpCloud announced its $75m Series E initial closing on November 10, 2020 and has now raised in total nearly $200m.
The Series E will be used to expand product development, marketing, and sales globally. As part of its move to support growing demand, JumpCloud also announced the addition of Kevin Biggs as Chief Revenue Officer to the executive leadership team.
Led by Rajat Bhargava, CEO and co-founder, JumpCloud provides the JumpCloud Directory Platform, which gives IT, security operations, and DevOps a single, cloud-based solution to control and manage employee identities, their devices, and apply Zero Trust principles. The company has a global user base of 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.