JAM Fund, Led By Tinder’s Mateen, Raises $247.5M

A new, Los Angeles-based venture capital fund, JAM Fund, led by Tinder co-founder Justin Mateen, has raised $247.5M for what appears to be its second fund, JAM Fund 2, L.P.. The funding was detailed in a regulatory filing this week. The filing indicates that the firm has 15 limited partners in the fund. Mateen is the only General Partner listed on the fund. Mateen, a co-founder of dating/hookup app Tinder, was at Tinder until a major scandal involving a sexual harassment lawsuit, which resulted in Mateen being booted from Tinder. Mateen has been an active angel investor.