Australian software firm Atlassian launches $50m venture fund

Co-founders and co-CEO Mike Cannon-Brookes and Scott Farquhar

Australia-headquartered workplace collaboration software firm Atlassian has announced the launch of a $50-million venture fund that will support early-stage and established developers in its cloud ecosystem.

The fund – Atlassian Ventures – will support companies that are developing cloud-based products and services, including early-stage startups that are building apps for any of Atlassian’s cloud products, such as Jira, Confluence, Bitbucket, or Trello.

“We are focused on ensuring these teams have an opportunity to access funding, and hope to include both existing developers and those that are brand new to the Atlassian ecosystem in this category,” Chris Hecht, head of corporate development at Atlassian, said in the announcement.

The fund will also back larger companies in its ecosystem that are scaling their businesses. The investments, which Hecht said will be similar to its investments in Zoom, Slack, and Split.io, will be made in partnership with traditional venture capital firms.

The third type of companies that the new fund seeks to support are those in the Atlassian Partner Program that are looking to boost their cloud services or create new products focused on the future of work.

“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 said.

Currently, there are more than 4200 app developers building products to run on top of Atlassian software, such as Trello and Jira. Some of these apps are already integrated into popular tools like Slack, Zendesk, and GitHub.

“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.

Atlassian was founded in 2002 to make software products for businesses to collaborate, communicate, and manage their operations more effectively. It listed on the Nasdaq in 2015.

In May, it entered a deal to acquire Slack-application creator Halp. Halp’s main product is an application that runs on team-communication platform Slack, allowing the creation of “tickets” to track workflow progress.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.