Jamf Holding Corp. has launched its first-ever investment fund to support early-stage companies in the cybersecurity and technology fields.
With the new fund, called Jamf Ventures, the Minneapolis-based tech company plans to deploy $50 million over the next five years into companies that support the Cupertino, Calif.-based tech giant Apple’s ecosystem.
In addition to capital, Jamf will provide mentorship and industry connections to its new crop of portfolio companies. Though it has invested in some companies so far, it is still actively looking for others, said Jake Mosey, vice president of business development and integrations for Jamf.
The new fund is intended to develop “value-creating partnerships with innovative technology companies that accelerate growth,” Jamf said in the announcement. It will be focused on providing minority investments, ranging from seed to Series A financing levels, and between $500,000 and $2 million, Mosey said.
The portfolio companies will be able to access Jamf’s technology, application programming interfaces, information technology, security database, brand awareness and co-marketing opportunities, the company said. Jamf creates enterprise management software for Apple devices.
So far, Jamf has announced one portfolio company that it has been backed: a Stamford, Conn.-based proptech startup, SwiftConnect. Mosey declined to disclose the other companies Jamf has so far invested in.
"By joining forces with other true innovators, we will be able to continue to bring solutions to Jamf Nation that helps them with connecting, managing and protecting their Apple fleet," Mosey said in the announcement.
Jamf (NASDAQ: JAMF) is the fifth-largest software development firm in the Twin Cities, based on its number of software developers, according to Business Journal research. The company had $366.39 million in revenue in 2021.
