Profile

JMI Equity is a growth equity firm focused on investing in leading software companies. For over three decades, JMI has partnered with exceptional founders, entrepreneurs, and management teams at high-growth software companies to provide flexible capital, industry expertise, and operational support to build businesses of enduring value. To date, JMI has invested in over 180 software businesses in North America and Europe and completed over 115 exits. Today, the Firm’s portfolio of industry-leading cloud software companies represents $8 billion in combined revenue, $65 billion in aggregate enterprise value, and over 34,000 jobs. 

Awards

2023 Top Growth Equity Firms

2023 Top 40 Under 40 Growth Investors, Larry Contrella, Mac Williams

2023 Top Software Investors, Brian Hersman, David Greenberg, Larry Contrella

2023 Top Private Equity Firms

2023 Top Women Leaders in Growth Investing, Maggie Schmitt

2023 Top 25 Healthcare Investors, Matt Emery, Sureel Sheth

2022 The Top 25 Growth Equity Firms

2022 Top 40 Under 40 Growth Investors, Suken Vakil, Larry Contrella

2022 Top 25 Software Investors of 2022, Suken Vakil, Brian Hersman

2022 Top 25 Private Equity Firms

2022 Top Women in Growth Investing, Maggie Schmitt

2022 Top 25 Healthcare Investors, Matt Emery, Sureel Sheth

2021 Top 25 Growth Equity Firms

2021 Top 40 Under 40 Growth Investors, Larry Contrella, Sureel Sheth

2021 Top 25 Software Investors, David Greenberg, Suken Vakil

2021 Top 25 Healthcare Investors, Matt Emery, Sureel Sheth

2020 Top 40 Under 40 Growth Investors, Suken Vakil, David Greenberg, Larry Contrella, Sureel Sheth

2020 Top 25 Software Investors, Peter Arrowsmith

2019 Top 40 Under 40 Growth Investors, David Greenberg, Bob Nye, Matt Emery, Suken Vakil, Mark Munfa, Larry Contrella

2018 Top 40 Under 40 Growth Investors, Bob Nye, Matt Emery, Suken Vakil, Brian Hersman

2017 Top 40 Under 40 Growth Investors, Bob Nye, Matt Emery, David Greenberg, Brian Hersman

2016 Top 40 Under 40 Growth Investors, Bob Nye, David Greenberg, Matt Emery, Brian Hersman

2015 Top 40 Under 40 Growth Investors, Matt Emery, Bob Nye

2015 Top 25 Growth Equity Firms

2014 Top 40 Under 40 Growth Investors, Matt Emery, Bob Nye

2014 Top 25 Growth Equity Investors

Key People

Peter Arrowsmith, Managing General Partner

Peter has more than two decades of experience with JMI helping to build leading software companies. He is currently a director of Canto, Coursedog, SafetyChain, Seismic, Vena Solutions, and Yello. Prior to joining JMI in 1996, Peter was an associate at AEA Investors and a business analyst at McKinsey & Company. Peter graduated from Harvard University with a BA in History and Literature.

Funds Raised

With over $8 billion of committed capital raised since inception, JMI has the collective experience to help growth businesses become industry leaders. Since our founding in 1992, through multiple technology and economic cycles, we have focused on backing outstanding software companies via capital investments, strategic advice, team-building, and proven value creation strategies. We help companies with solid market and product fundamentals create significant shareholder value.

Key Investments

Incident IQ: Exited February 2024 (Partially Recapitalized by Cove Hill Partners)

Incident IQ is a cloud-based workflow management software for K-12 school districts.

Bloomerang: Exited December 2023 (Partially Recapitalized by Warburg Pincus)

Bloomerang is a cloud-based provider of donor management, communications, fundraising, analytics and marketing automation software for nonprofits.

Unanet: Exited December 2022 (Recapitalized by Onex Corporation and JMI XI)

Unanet is a cloud-based professional services automation (PSA), enterprise resource planning (ERP), and customer relationship management (CRM) software for government contractors (GovCon) and architecture, engineering and construction (AEC) firms.

CampusLogic: Exited January 2022 (Acquired by Ellucian)

CampusLogic is a provider of cloud financial aid solutions and workflow automation software for higher education institutions.

Level Access: Exited August 2022 (Acquired by KKR)

Level Access is a cloud-based digital accessibility software and services, helping companies ensure their digital assets comply with the Americans with Disabilities Act (ADA) and other applicable laws.

Businessolver: Exited August 2022 (Recapitalized by Stone Point Capital & HarbourVest)

Businessolver is a provider of cloud employee benefits administration solutions.

PointClickCare: Exited January 2021 (acquired by Hellman & Friedman)

PointClickCare is a cloud-based electronic health record (EHR) software to the long-term post-acute and senior care industries.

Safe Software: Invested December 2023

Safe Software is a spatial data integration platform that enables companies to connect and transform data from various sources and formats and automate the resulting workflows.

Apptegy: Invested May 2023

Apptegy is a cloud-based marketing and communications platform for K-12 schools, enabling unified, multi-channel communications.

Vantaca: Invested September 2022

Vantaca is a cloud-based community management software.

TimelyCare: Invested January 2021

TimelyCare is a cloud-based provider of telehealth and online therapy solutions to higher education institutions.

SOCi: Invested December 2020

SOCi is a cloud-based provider of marketing software to multi-location brands, property managers, and agencies to help them manage their digital presence across hundreds or thousands of individual locations.

Raptor Technologies: Invested November 2018

Raptor is a cloud-based school safety software.

Capital Responsibility

JMI aspires to drive growth that benefits all stakeholders, from limited partners and colleagues to portfolio company management teams and employees, as well as local communities. JMI is data-driven and understands that growth must be achieved in an environmentally sustainable fashion. By reducing its carbon footprint, investing responsibly in companies advancing important ESG principles, and using and sharing data to track progress and continuously improve its processes, JMI is taking action to create a cleaner, healthier, and more sustainable future. 

JMI’s ESG policy was implemented in 2018 and is reviewed annually. The firm currently reviews ESG implications as part of its standard diligence process when evaluating whether to invest in a company, as well as during the period of ownership. In order to track and monitor ESG metrics at the portfolio company level, the firm conducts an annual survey which includes questions on environmental liabilities and initiatives, employee engagement and turnover, material safety or HR incidents, and diversity. In 2023, approximately 45% of our portfolio company boards have gender diverse representation and 60% have ethnically diverse representation.

JMI is committed to fostering and preserving a culture of diversity, equity, and inclusion. JMI believes diversity promotes the inclusion of different perspectives and ideas, mitigates against group think and ensures that JMI has the opportunity to benefit from all available talent. JMI has focused on implementing policies and training to support DEI initiatives. JMI established a DEI Council in 2020 that focuses on JMI’s DEI strategy across four areas (recruiting, community & partnerships, learning & development, and portfolio initiatives). The DEI Council is led by a committee of internal team members and is overseen by the Head of Talent and two General Partners. The DEI Council has established near-term goals of hiring more gender and ethnically diverse team members at both JMI and our portfolio companies. JMI defines diversity beyond race and gender, and believes that a diverse team can be comprised of individuals with a range of characteristics, such as sexual orientation, veteran status, age, first-generation, etc. 

JMI team members embody the firm’s core values of respect, integrity and discipline. JMI operates with a hustle mentality, works collaboratively and embraces a growth mindset. The firm also firmly believes that diverse perspectives and backgrounds are fundamental to its success. The firm is committed to fostering a culture of diversity and inclusion and elevating individuals to share their experiences and expertise for the benefit of all stakeholders. JMI believes its work to create and sustain a representative, inclusive and equitable environment is never finished, and it’s always on the lookout for talented professionals who share its values and growth-focused mentality.

CEO Reviews

Mike Wessinger, Co-Founder & Chair, PointClickCare

“We think of JMI as a ‘force multiplier’ to our management team. They don’t try to be management or push a specific formula. Rather, they work to understand our strengths and weaknesses and use their extensive industry knowledge and powerful network to guide the company to the next level.” 

Tim Springer, Founder & CEO, Level Access

“My job is to chart a path through a complicated maze – markets, capital, people and technology. The JMI team is helping me figure out the path. They can do that because they’re outside of the maze. They’ve got a different vantage point. They can see my maze and twenty like it.”

Gray Hall, CEO, Raptor Technologies

“JMI has provided on-demand access to executives in Marketing, Sales Operations, Product Management, Technology and HR. They have provided executive coverage during a search for a permanent executive hire and give us a fresh perspective in the context of key strategic decisions.”

Luke Hejl, Co-Founder & CEO, TimelyCare

“The value of our partnership with JMI is far greater than the capital investment. I was looking for the right growth partner. The first year of our partnership resulted in close to 100% growth in ARR, higher quality scores, surpassing our retention goals and strong margin.”