At Jama Software, we live vicariously through our innovative customers. We strive to provide them with the best product development platform on the planet, and today I’m thrilled to share some exciting news that will strengthen that commitment for years to come.
Jama Software has received a $200M growth equity investment from Insight Venture Partners with participation from Madrona Venture Group. The new funding will be used to accelerate our long-term global growth and drive the expansion of the Jama product development platform.
With Insight Venture Partners — one of the world’s most well-respected venture capital and growth equity firms — Jama has found an investor that shares our passion for product development and has also helped many other dynamic companies grow. Founded in 1995, Insight has raised more than $18 billion and invested in over 300 companies worldwide.
The investment from Insight Venture Partners will give us the ability to speed our product roadmap, support our ongoing global expansion, and broaden our partner alliances and product ecosystem.
Since our founding in 2007, one of the big trends we’ve seen is the increasing complexity of product development coupled with the intense pressures of getting to market faster than ever.
Companies simply cannot compete at the level necessary to be successful in today’s marketplace while relying on yesterday’s development processes. The Jama product development platform was created to help businesses overcome those challenges.
Today’s news solidifies our belief that Jama has the potential to empower many more forward-thinking companies around the world to achieve the success they envision by releasing the game-changing products of tomorrow.
On a personal note, I also believe in the importance of building a strong, standalone, high-growth software business in Portland, Oregon. This investment gives Jama a long runway to make growth happen and build an enterprise software business of significant scale that will not only help Jama achieve its business goals, but also boost our local business community in the process.
To everyone who has contributed up to this point, we give thanks as we look towards our shared bright future. It’s truly a new day for Jama and our customers, and we’re more excited than ever to build great products.