About JAM Fund
JAM Fund is a venture capital firm founded in 1970. It is primarily based out of Las Vegas, United States. As of Dec 2025, JAM Fund is an active investor, having invested in 91 companies, with 1 new investment in the last 12 months. It primarily invests in Series A round in United States based startups. Its investments are spread across a wide range of sectors from Consumer to Enterprise Applications and Retail. Most recently it participated in the $***** Series C round of Last Energy Overall, JAM Fund portfolio has seen 9 unicorns, 2 IPOs and 11 acquisitions including key companies like Lyft, Brex and Omio. A lot of funds co-invest with JAM Fund, with names like Justin Mateen sharing a substantial percentage of its portfolio.Key Metrics
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Seed & 4 more
Portfolio IPOs
Portfolio Unicorns
Deals in last 12 months
JAM Fund's List of Top Investments
JAM Fund has a portfolio of 91 companies, including 9 unicorns. Their most notable investments are in Quicklly and Kibanda Topup.Their portfolio spans across United States, United Kingdom, India and 20 more locations. They have invested in Consumer, Enterprise Applications, Retail and 28 other sectors, across stages such as Series A, Seed and 4 more. Here is the list of top investments by JAM Fund:1. Lyft
Network facilitating on-demand transportation and ride scheduling services for individuals. It provides options for immediate rides, scheduled pickups, and various vehicle types. The network offers programs for business transportation needs. It also focuses on safety measures and community support initiatives.
Key facts about Lyft
- Founded Year: 2007
- Location: San Francisco (United States)
- Stage: Public
- Total Funding till date: $5.02B
- Employee Count: 3,913 as on Dec 31, 2025
- Investors: HTIF, Fidelity Investments and 161 Others
- Latest Funding Round: Series I, Aug 06, 2018, $*****
- Highlight: Public
2. Brex
Provider of financial software platform, cards, banking, expense, and accounting. The platform offers tools for corporate cards, expense management, travel, bill pay, banking, and treasury services. It provides solutions for startups, mid-size companies, and enterprises. The platform includes features for spend control, expense automation, vendor payments, and accounting automation.
Key facts about Brex
3. Omio
App-based platform for booking transport services. Users can search & compare different train, bus, and flight routes available between the two destinations & book train, bus & flight tickets (including that of public transport) from multiple partner operators after providing relevant details. Also provides information on accommodation booking. Its mobile app is available for iOS and Android devices.
Key facts about Omio
- Founded Year: 2013
- Location: Berlin (Germany)
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $480M
- Employee Count: 436 as on May 31, 2026
- Investors: Silver Lake, Star Tech NG and 37 Others
- Latest Funding Round: Series E, Jun 20, 2022, $*****
- Highlight: Editors' Pick
4. Deel
Provider of global payroll, compliance, and human resources solutions. The company offers tools for onboarding, contractor management, and employee record services. It facilitates international payroll processing, tax deductions, and compliance adherence. The company’s platform integrates with existing systems.
Key facts about Deel
- Founded Year: 2019
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $982M
- Employee Count: 9,619 as on May 31, 2026
- Investors: Spark Capital, Mubadala and 53 Others
- Latest Funding Round: Series E, Oct 16, 2025, $*****
- Highlight: Editors' Pick
5. Speak
AI-powered language learning platform. Its platform helps users to practice conversational English with an AI bot. Its mobile app is available for iOS and Android devices.
Key facts about Speak
- Founded Year: 2016
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $162M
- Employee Count: 294 as on May 31, 2026
- Investors: Accel, Sound Ventures and 25 Others
- Latest Funding Round: Series C, Nov 13, 2024, $*****
- Highlight: Editors' Pick
JAM Fund's Year-on-Year Investment Trends
JAM Fund has invested in 91 companies over the last 8 years, with an average of 7 new investments annually in the last 5 years. In 2025, it made 1 investment. Its most recent first time investment was in Last Energy and most recent follow-on round was in Conta Simples.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 1 | 0 | 1 |
2024 | 1 | 1 | 2 |
2023 | 4 | 0 | 4 |
2022 | 18 | 4 | 22 |
2021 | 12 | 0 | 12 |
2020 | 2 | 0 | 2 |
2019 | 5 | 0 | 5 |
2018 | 2 | 0 | 2 |
JAM Fund's Investments by Stage
JAM Fund has made 20 investments in Series A stage with an average round size of $16.7M, 18 investments in Seed stage with an average round size of $4.89M and 3 investments in Series B stage with an average round size of $68M.Stage of entry | No. of Investments |
|---|---|
Series A | 20 |
Seed | 18 |
Series B | 3 |
Series C | 2 |
Series D | 1 |
Others | 1 |
Note: We have considered here, only first round of investments
JAM Fund's Investments by Sector
JAM Fund has a diverse portfolio, with companies operating in the Consumer, Enterprise Applications, Retail, Food and Agriculture Tech and FinTech. Notably, it has invested in 85 Tech companies, 47 Enterprise (B2B) companies, 46 Consumer (B2C) companies and at least 34 companies focusing on Software.Sector | No. of Investments |
|---|---|
Consumer | 20 |
Enterprise Applications | 18 |
Retail | 18 |
Food and Agriculture Tech | 10 |
FinTech | 9 |
Others | 61 |
Note: We have considered here, only first round of investments
JAM Fund's Investments by Geography
JAM Fund has made most investments in United States (18), followed by India where it has made 4 investments.Country | No. of Investments |
|---|---|
United States | 18 |
India | 4 |
Kenya | 4 |
Mexico | 3 |
Brazil | 2 |
Others | 15 |
Note: We have considered here, only first round of investments
JAM Fund's recent investments
JAM Fund has not made any investment in 2026 so far.Here are the most recent investments by JAM Fund:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Dec 16, 2025 | United States | Series C | 5523 | [+6] | |
Oct 02, 2024 | United States | Series A | 8135 | [+4] | |
Jan 09, 2024 | Brazil | Series B | 3272 | [+5] | |
Nov 15, 2023 | United Kingdom | Series C | 9709 | [+3] | |
Oct 04, 2023 | Turkey | Series A | 4075 | [+8] |
Unicorns in JAM Fund's Portfolio
JAM Fund has 9 unicorns in its portfolio - Radiant Nuclear, Speak, Visby Medical and others. The most recent unicorn in their portfolio is Radiant Nuclear. It became a unicorn in 2025, 3 years after JAM Fund first invested in it.Here is a list of unicorns in JAM Fund's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
60 | Developer of portable nuclear microreactors designed to replace diesel generators | 2019 | Los Angeles | Series D | sqajyyg | ||
78 | AI-powered language learning platform | 2016 | San Francisco | Series C | fncrlcw | ||
62 | Provider of at-home tests for sexually transmitted infections with telehealth | 2010 | San Jose | Series F | znyntej | ||
75 | Developer of tools for creating customizable, intelligent, and dynamic characters | 2011 | Los Angeles | Series C | uipczve | ||
77 | App-based platform offering electric kick-scooter rental services | 2018 | Stockholm | Series D | nqznind |
IPOs and Publicly Listed companies in JAM Fund's Portfolio
2 of JAM Fund's portfolio companies have become public. COMPASS Pathways got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Sep 2020 at marketcap of $592M and Lyft got listed on the Frankfurt Stock Exchange (FRA) at marketcap of $8.42B.Here are JAM Fund's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Sep 18, 2020 | - | - | 7222 | |
Mar 29, 2019 | - | - | 4818 |
Acquired companies in JAM Fund's Portfolio
11 companies from JAM Fund's portfolio have been acquired. The most recent acquisition was Modiv in May 2026 by Global Net Lease for $*****.Here are JAM Fund's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
May 04, 2026 | - | - | 5108 | |
Jan 22, 2026 | - | - | 5657 | |
May 16, 2025 | - | - | 4757 | |
Mar 21, 2025 | - | - | 2657 | |
Jan 29, 2025 | Nov 06, 2019 | Series A | 8606 |
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Co-investors of JAM Fund
Over the past 8 years, 422 investors have co-invested in JAM Fund's portfolio companies. This includes funds and angels.
- Invested before JAM Fund: Y Combinator, Justin Mateen and 136 others have invested in rounds before JAM Fund. There are 18 companies where Y Combinator has invested before JAM Fund and 7 companies where Justin Mateen has invested before JAM Fund.
- Top Co-investors of JAM Fund: 204 investors entered a company along with JAM Fund. These include investors like Justin Mateen (8 companies).
- Invested after JAM Fund: A total of 80 investors have invested in JAM Fund's portfolio after their investments. Top Investors include Liquid 2 Ventures (2 companies), Nineyards Equity (1 company) and Stena Sessan (1 company).
Recent News related to JAM Fund
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Last Energy Raises $100 Million in Series C Funding for Small Modular ReactorsStartup Log•Dec 17, 2025•Last Energy, Gigafund, Woori Technology, Aeventures and 6 others
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Curative Raises $150 Million in Series B Funding to Redefine the Future of Health InsuranceInsuranceNewsNet•Dec 02, 2025•Curative, JAMS, SoftBank Vision Fund, Galaxy and 2 others
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Mixed Payment Platform Rise Labs completes $ 6.3 million in Series A financing, Draper Associatestuoluo.cn•Nov 22, 2024•Rise Labs, Draper, Rise Works, Polymorphic Capital and 5 others
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Conta Simples secures $41.5M for expense management approach in BrazilGlobal Village Space•Jan 09, 2024•Domo, Broadhaven Capital Partners, big_bets, Y Combinator and 5 others
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Simple account, fintech de accounts PJ, raises $ 202 million in round series B seriesFusoes & Aquisicoes•Jan 09, 2024•Conta Simples, Valor Capital Group, JAM Fund, big_bets and 6 others
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Sequoia-Backed Fast-Fashion E-tailer Urbanic Raises $150 MillionSourcing Journal•Nov 15, 2023•Urbanic, Mirabaud AM, D1 Capital Group, JAM Fund and 2 others
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Istcapital, Mentors Fund, Finberg and Fidelis Ventures joined RubiBrands' investorsegirisim•Oct 04, 2023•Istcapital, Mentors Fund, Finberg, Fidelis Ventures and 9 others
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Usage.AI Raises $9M in FundingFinSMEs•Sep 13, 2023•Usage AI, Amity Ventures, 10vc, JAM Fund and 1 other
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Heading Health Raises $4.5M in Series A FundingFinSMEs•Jun 30, 2023•Heading Health, Gron Ventures, JAM Fund, One Mind and 5 others
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Syncfy Raises $10M in Seed FundingFinSMEs•Dec 06, 2022•Syncfy, Point72 Ventures, JAM Fund, Ausum Ventures and 6 others
