JumpCloud, Inc. announced that it has received $74.499754 million in funding from BlackRock, Inc., General Atlantic Service Company, L.P., H.I.G. Growth Partners, LLC, OurCrowd Ltd. and other investors

On January 12, 2021, JumpCloud, Inc. closed the the transaction. The company has issued 40,850,882 series E-1 preferred shares for the gross proceeds of $74,499,753.5034 in the transaction. The company has issued 13,434,092 series E-1 preferred shares for the gross proceeds of $24,499,753.5804 in its second tranche.

The transaction was led by Funds managed by BlackRock, Inc. with additional investment from an affiliate of H.I.G. Growth Partners, LLC, OurCrowd Ltd, and existing investor General Atlantic Service Company, L.P. The transaction was oversubscribed. The round was raised at a post-money valuation of $730,856,447.