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Growth Equity
jmi.com

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Investments

180

Portfolio Exits

88

Funds

14

Partners & Customers

1

Service Providers

3

About JMI Equity

JMI is a growth equity firm focused on investing in leading software and technology-enabled services companies. JMI has invested in over 110 companies, helping many of these businesses become industry leaders. More than 65 of its portfolio companies have achieved successful outcomes, including sales to strategic acquirers or initial public offerings.

JMI Equity Headquarter Location

100 International Drive Suite 19100

Baltimore, Maryland, 21202,

United States

410-951-0200

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CB Insights Intelligence Analysts have mentioned JMI Equity in 1 CB Insights research brief, most recently on Sep 9, 2019.

Latest JMI Equity News

JMI Equity Announces Promotions

Jan 5, 2022

Sureel Sheth promoted to General Partner and Stephen Jones promoted to Principal BALTIMORE & SAN DIEGO, January 4, 2022-- JMI Equity (“JMI”), a growth equity firm focused on investing in leading software companies, today announced the promotions of Sureel Sheth from Principal to General Partner and Stephen Jones from Vice President to Principal. In their new roles, Sheth and Jones will continue to be responsible for sourcing and evaluating potential investment opportunities while providing strategic and operational support to portfolio companies. Sheth is based in San Diego and Jones is based in Baltimore. “Sureel has deep domain expertise and a strong understanding of markets, especially in healthcare IT, as well as a best-in-class ability to connect with colleagues, founders and management teams,” said Peter Arrowsmith, Managing General Partner at JMI. “As a trusted partner to our portfolio companies and an invaluable asset to our deal sourcing efforts, he has played a significant role in JMI’s success since joining the firm more than 10 years ago. Sureel’s promotion is incredibly well-deserved and I’m excited that the firm and our portfolio investments will benefit from Sureel’s expanded leadership role.” “Stephen is a great teammate and thought partner on our investment teams – he really engages in the issues,” added Harry Gruner, Founder and Managing General Partner at JMI. “He has been instrumental in his work with Bloomerang, ChurnZero, Incident IQ, Level Access, RainFocus and others, and I look forward to seeing him grow into his new role as Principal. I’m also pleased to recognize Sureel for this terrific accomplishment; both promotions are excellent reflections of JMI’s commitment to developing and investing in our talented professionals.” About Sureel Sheth Sheth, based in San Diego, is responsible for sourcing and evaluating investment opportunities and providing strategic and operational support to portfolio companies. He has been part of the JMI team since joining as an associate in 2010. Sheth is a Board Director at Jvion and Practice Ignition, and a Board observer at Clio, Jane Software, OpenSesame, PointClickCare, SafetyChain and Yello. Prior to joining JMI, he was a business analyst at McKinsey & Company. Sheth received a BA in Economics and Human Biology from Stanford University and an MBA from Harvard Business School. About Stephen Jones Jones, based in Baltimore, is responsible for sourcing and evaluating investment opportunities and providing strategic and operational support to portfolio companies. He is a Board Director at Bloomerang and ServiceTrade and a Board observer at ChurnZero, Employee Navigator, Incident IQ, Level Access and RainFocus. Prior to joining JMI in 2016, Jones was an associate consultant at Bain & Company. Previously, he was a financial analyst in the global investment research division of Goldman Sachs. Jones received a BA in Economics from the University of Richmond. About JMI Equity JMI Equity is a growth equity firm focused on investing in leading software companies. Founded in 1992, JMI has invested in over 170 businesses in its target markets, successfully completed over 110 exits, and raised more than $6 billion of committed capital. JMI partners with exceptional management teams to help build their companies into industry leaders. For more information, visit www.jmi.com. Contact:

JMI Equity Investments

180 Investments

JMI Equity has made 180 investments. Their latest investment was in ButterflyMX as part of their Series D on December 12, 2021.

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JMI Equity Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

12/7/2021

Series D

ButterflyMX

$50M

Yes

4

12/6/2021

Growth Equity - II

ServiceTrade

$85M

Yes

4

11/18/2021

Series C

Practice Ignition

$50M

Yes

5

11/16/2021

Series B

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$99M

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10

10/26/2021

Series B

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$99M

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10

Date

12/7/2021

12/6/2021

11/18/2021

11/16/2021

10/26/2021

Round

Series D

Growth Equity - II

Series C

Series B

Series B

Company

ButterflyMX

ServiceTrade

Practice Ignition

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Amount

$50M

$85M

$50M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

4

4

5

10

10

JMI Equity Portfolio Exits

88 Portfolio Exits

JMI Equity has 88 portfolio exits. Their latest portfolio exit was Classy on January 13, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

1/13/2022

Acquired

6

1/11/2022

Acquired

2

12/7/2021

Acquired

9

12/1/2021

Acq - Fin

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10

11/22/2021

Acquired

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10

Date

1/13/2022

1/11/2022

12/7/2021

12/1/2021

11/22/2021

Exit

Acquired

Acquired

Acquired

Acq - Fin

Acquired

Companies

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Valuation

Acquirer

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Sources

6

2

9

10

10

JMI Equity Acquisitions

21 Acquisitions

JMI Equity acquired 21 companies. Their latest acquisition was Benevity on December 03, 2020.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

12/3/2020

Other Venture Capital

$99M

$69.2M

Acq - Fin

5

5/3/2019

Other Venture Capital

$99M

$24.97M

Take Private

6

1/25/2016

$99M

Acq - Fin

3

11/27/2013

Other Venture Capital

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$99M

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10

2/15/2013

Private Equity

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$99M

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10

Date

12/3/2020

5/3/2019

1/25/2016

11/27/2013

2/15/2013

Investment Stage

Other Venture Capital

Other Venture Capital

Other Venture Capital

Private Equity

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

$69.2M

$24.97M

Note

Acq - Fin

Take Private

Acq - Fin

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Sources

5

6

3

10

10

JMI Equity Fund History

14 Fund Histories

JMI Equity has 14 funds, including JMI Equity Fund X.

Closing Date

Fund

Fund Type

Status

Amount

Sources

3/1/2021

JMI Equity Fund X

$1,700M

1

12/11/2018

JMI Equity Fund IX

Diversified Private Equity

Closed

$1,200M

1

8/20/2014

JMI Equity Fund VIII

Diversified Private Equity

Closed

$1,000M

1

4/24/2014

JMI VII DE AIV A

$99M

10

4/24/2014

JMI VII DE AIV Blocker

$99M

10

Closing Date

3/1/2021

12/11/2018

8/20/2014

4/24/2014

4/24/2014

Fund

JMI Equity Fund X

JMI Equity Fund IX

JMI Equity Fund VIII

JMI VII DE AIV A

JMI VII DE AIV Blocker

Fund Type

Diversified Private Equity

Diversified Private Equity

Status

Closed

Closed

Amount

$1,700M

$1,200M

$1,000M

$99M

$99M

Sources

1

1

1

10

10

JMI Equity Partners & Customers

1 Partners and customers

JMI Equity has 1 strategic partners and customers. JMI Equity recently partnered with Empathica on .

Date

Type

Business Partner

Country

News Snippet

Sources

Vendor

Empathica

Canada

JMI to Help Drive Continued Strong Growth of Empathica's Industry-Leading. Customer Experience Management Software Provider Empathica Secures US$7 Million Financing from JMI Equity -- re> TORONTO, April 25 /PRNewswire/ --.

`` It is our vision at Empathica Inc. to become the world 's leading retail customer experience management company , and partnering with JMI Equity will help us achieve this objective , '' said Mr. Amos .

1

Date

Type

Vendor

Business Partner

Empathica

Country

Canada

News Snippet

JMI to Help Drive Continued Strong Growth of Empathica's Industry-Leading. Customer Experience Management Software Provider Empathica Secures US$7 Million Financing from JMI Equity -- re> TORONTO, April 25 /PRNewswire/ --.

`` It is our vision at Empathica Inc. to become the world 's leading retail customer experience management company , and partnering with JMI Equity will help us achieve this objective , '' said Mr. Amos .

Sources

1

JMI Equity Service Providers

6 Service Providers

JMI Equity has 6 service provider relationships

Service Provider

Associated Rounds

Provider Type

Service Type

Growth Equity

Counsel

General Counsel

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Service Provider

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Associated Rounds

Growth Equity

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Provider Type

Counsel

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Service Type

General Counsel

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Partnership data by VentureSource

JMI Equity Team

18 Team Members

JMI Equity has 18 team members, including current Founder, Managing Partner, Harry Gruner.

Name

Work History

Title

Status

Harry Gruner

Founder, Managing Partner

Current

Charles Noell

Founder

Current

Randy Guttman

Controller

Current

Peter Arrowsmith

General Partner

Current

Paul Barber

General Partner

Current

Name

Harry Gruner

Charles Noell

Randy Guttman

Peter Arrowsmith

Paul Barber

Work History

Title

Founder, Managing Partner

Founder

Controller

General Partner

General Partner

Status

Current

Current

Current

Current

Current

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