H.I.G. Growth Partners (H.I.G.) announced that one of its affiliates has invested in the Series E growth financing for JumpCloud, a cloud-based directory management platform.
JumpCloud, based in Denver, CO, empowers IT teams to manage employee directory, single sign-on, multi-factor authentication, identity access management (IAM), and device management (DM) all in a single platform.
JumpCloud is used by more than 100,000 organizations spanning over 100 countries, with more than 3,000 paying customers including Cars.com, GoFundMe, Grab, ClassPass, Uplight, Beyond Finance, and Foursquare.
The Series E financing 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.
“2020 lock-downs forced organizations to modernize legacy approaches to IT infrastructure, and has driven demand for JumpCloud’s directory platform,” said Rajat Bhargava, CEO and co-founder of JumpCloud.
