The newly formed Atlassian Ventures will extend its parent company's investment strategy, targeting early-stage cloud app developers and larger product partners.

Australia-based software development technology provider Atlassian launched a corporate venture capital fund, Atlassian Ventures, on Wednesday with $50m in capital.

Founded in 2002, Atlassian provides a range of software products including software development tool Jira, online workspace Confluence, code management platform Bitbucket and Trello, the workplace collaboration platform it bought for $425m in 2017.

Areas of interest for Atlassian Ventures include early-stage developers of enterprise collaboration applications that could be added to Atlassian’s app marketplace, innovative cloud software providers…

Robert Lavine

Robert Lavine is special features editor for Global Venturing.