Australia-based software company Atlassian, that develops products for software developers and project managers has announced the launch of its investment arm Atlassian Ventures. Atlassian Ventures will start with a US$50 million fund aimed at strengthening its global developer ecosystem. This was communicated by Chris Hecht, Head of Corporate Development of Atlassian in a blog post on September 16, 2020.
The fund will invest in three main type of companies. It will invest in early-stage startups that build products for the company’s cloud products. These include Jira, Confluence, Bitbucket and Trello.
Additionally, startups that will receive funding will also receive mentorship from Atlassian’s executive team, and global exposure at Atlassian events, Hecht noted.
“As more and more customers transition to our cloud products, we are committed to supporting their journey by fostering a robust ecosystem of cloud-based apps that enhance their experience and satisfy all use cases,” Hecht wrote.
“Atlassian Ventures will facilitate our continued investment in the best-of-breed tools and integrations our customers need to fuel the next wave of innovation and manage their work, both now and into the future,” Hecht added.