The software investment scene just got another major boost as JMI Equity, a Washington, DC-based growth equity firm, announced the close of its latest fund—JMI Equity Fund XII—at an impressive $3.1 billion.
This marks another milestone for a company that has been shaping the growth of B2B software businesses for decades.
Focused on B2B Software Across North America
JMI has built its reputation on partnering with business-to-business software companies across North America.
Their investment strategy covers a wide range of industries, from education, finance, and insurance to legal services, healthcare IT, government, and security.
Whether taking a minority or majority stake, the firm positions itself to help promising companies scale to new heights.
Investment Range for the New Fund
With Fund XII, JMI is setting its sights on deals ranging from $40 million to more than $400 million.
This flexibility allows them to back companies at different stages of growth, while still maintaining their focus on the sectors they know best.
Promotions Within the Leadership Team
The close of Fund XII came with some exciting internal news as well.
Preston Horner and Andy Knox have been promoted to Principals, while Will Priestley has stepped into the role of Vice President.
These promotions signal the firm’s ongoing investment in talent, not just companies.
Strong Leadership and a Proven Track Record
Under the leadership of Managing Partner Peter Arrowsmith, JMI has grown into a heavyweight in the software investment arena.
The new fund pushes their total capital commitments to over $11 billion.
Since its founding in 1992, JMI has invested in more than 190 software companies and has completed over 120 exits, returning a total of $11 billion in distributions.
What This Means for the Future
With this new influx of capital, JMI Equity is poised to continue backing innovative B2B software companies and supporting their expansion across multiple industries.
Given the firm’s track record and focused strategy, Fund XII could pave the way for the next wave of high-growth success stories in the software sector.