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Announced

Completed

Sapphire Ventures led a $159 Series F funding round in JumpCloud.

Financials

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Transaction Value£114m
Consideration TypeCash
Capital Owned-
Capital Bid For6%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Acquisition

Minority

Software

Domestic

Completed

Productivity Software

Venture Capital

Friendly

Private

Private Equity

Synopsis

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Sapphire Ventures led a $159 Series F funding round in JumpCloud, a developer of a directory-as-a-service platform. Other investors include Owl Rock, Whale Rock Capital, Sands Capital, Endeavor Catalyst, General Atlantic, BlackRock and H.I.G. Capital. “Large enterprises have put in place various directory and security solutions to solve these problems, but with large investments in tech outlays and IT support teams. SMBs and mid-sized enterprises don’t have the big budgets or large staff to replicate the large enterprise model. Developing for this market is a huge challenge because it requires building a product with all of the features large enterprises require, plus it has to be easy to use, easy to deploy and not terribly expensive," Rajat Bhargava, JumpCloud CEO.

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