Profile

Founded in 1992, JMI Equity is a premier growth equity firm focused on investing in leading software and AI-driven businesses. For more than three decades, JMI has partnered with founder-owners and management teams across market cycles to accelerate growth and build their companies into industry leaders. With offices in San Diego, Washington, D.C., and Baltimore, JMI has invested in nearly 200 businesses in its target markets. As of October 2025, the firm’s portfolio represents approximately $10 billion in combined revenue, $85 billion in aggregate enterprise value, and 40,000 jobs. To learn more, visit www.jmi.com.

Awards

2026 Top Healthcare Investors

2025 Top Private Equity Firms, Top Women Leaders, Top Healthcare Investors, Top Software Investors, Top 40 Under 40 Growth Investors, Top Growth Equity Firms

2024 Top Growth Equity Firms, Top 40 Under 40 Growth Investors, Top Software Investors, Top Private Equity Firms, Top Women Leaders, Top Healthcare Investors

2023 Top Growth Equity Firms, Top 40 Under 40 Growth Investors, Top Software Investors, Top Private Equity Firms, Top Women Leaders, Top Healthcare Investors

2022 Top Growth Equity Firms, Top 40 Under 40 Growth Investors, Top Software Investors, Top Private Equity Firms, Top Women Leaders, Top Healthcare Investors

2021 Top Growth Equity Firms, Top 40 Under 40 Growth Investors, Top Software Investors, Top Healthcare Investors

2020 Top 40 Under 40 Growth Investors, Top Software Investors

2019 Top 40 Under 40 Growth Investors

2018 Top 40 Under 40 Growth Investors

2017 Top 40 Under 40 Growth Investors

2016 Top 40 Under 40 Growth Investors

2015 Top 40 Under 40 Growth Investors, Top Growth Equity Firms

2014 Top 40 Under 40 Growth Investors, Top Growth Equity Investors

Features

Excellence in Software Investing: JMI Equity’s Larry Contrella

GrowthCap’s RJ Lumba spoke with Larry Contrella on December 11, 2024. Larry is a Partner at JMI Equity, a growth equity firm focused on investing in software companies. He joined the firm in 2010 and focuses on B2B software investments.

Excellence In Software Investing: JMI Equity’s Peter Arrowsmith

GrowthCap’s RJ Lumba spoke with Peter Arrowsmith on February 15, 2021. Peter is a General Partner at JMI Equity, a growth equity firm that has raised over $4 billion and invested in more than 150 software businesses since its founding in 1992.

Key People

Peter Arrowsmith, Managing Partner

Peter is the Managing Partner of the firm and has thirty years of experience with JMI helping to build leading software companies. He is currently a Director of Agiloft, Canto, Coursedog, EdSights, SafetyChain, Seismic, Vena Solutions, and Yello and a board observer at OpenSesame. 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 $11 billion of committed capital raised since inception, JMI has the collective experience to help growth businesses become industry leaders. Since its founding in 1992, through multiple technology and economic cycles, the firm has focused on backing outstanding software and AI-driven companies through capital investments, strategic guidance, team-building, and proven value creation strategies. JMI partners with management teams leveraging data, automation, and artificial intelligence to enhance performance and scalability, helping businesses with strong market and product fundamentals create enduring shareholder value.

Key Investments

Arena: Exited January 2021 

Arena is a provider of product lifecycle management (PLM) and product development software

Businessolver: Invested August 2022 

Businessolver is a employee benefits administration software

CampusLogic: Exited April 2022 (Acquired by Ellucian)

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

Clio: Invested August 2019

Clio is a legal practice management, case management, and customer relationship management (CRM) software for law firms

FirstDue: Invested June 2025

FristDue is a record management system (RMS) for fire and emergency medical services (EMS) agencies

Huntress: Invested April 2021 

Huntress is a threat detection and response software for managed service providers (MSPs) and their clients

Jane: Invested November 2021 

Practice management and payments software for allied health practitioners, including chiropractors, physiotherapists, counselors, massage therapists, personal trainers, and acupuncturists

PointClickCare: Invested January 2021

PointClickCare is an electronic health record (EHR) software for the long-term, post-acute, and senior care industries

Raptor Technologies: Invested November 2018

Raptor is a school safety software for K–12 schools

Vantaca: Invested July 2022 

Vantaca is a property management software, financial services, and AI for community association management companies

Capital Responsibility

JMI is intentional about building a team-based culture where individuals feel a sense of shared purpose – creating lasting impact for its people, its companies, and its investors. The firm fosters a culture of inclusivity and builds teams that bring together different strengths and perspectives to enhance decision-making and drive creative problem-solving.

JMI expands access through fair recruiting practices and partnerships that broaden its talent pipelines. The team champions education and growth through meaningful professional development and by creating forums for open dialogue and exchange of ideas. It also partners with its portfolio leaders to help cultivate workplaces where talent thrives.

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, 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.”