Fundraising Fox

JMI Equity

Growth equity

La Jolla · Series B–Late Stage · 95 people tracked

Also known as Jmi Management, L.P.

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Investment thesis

JMI focuses on backing high-quality software and AI-driven businesses, partnering with management teams that leverage data, automation, and artificial intelligence to improve performance and scalability. The firm supports growth-stage companies with strong market and product fundamentals through capital investment, strategic guidance, team-building, and proven value-creation strategies, aiming to build enduring shareholder value. Having raised over $11 billion in committed capital since its 1992 founding, JMI has invested across multiple technology and economic cycles.

Source: firm website, verified Aug 25, 2026.

Stage
Series B–Late Stage
Check
$25M – $250M
HQ
La Jolla, Maryland, US
Leads rounds
Leads
Instruments
Equity
Founded
1992
Last 12 months
4 investments
AUM
$13.6B
Tracked investments
146

Team · 95 people

from the firm's website & public directories
Charles Noell· Founder
Chase Thomet· Partnerin
Mac Williams· Partnerin
Maggie Schmitt· Partner, Chief Financial Officerin

Named to GrowthCap's 2026 Top Women in Growth Investing; associated with JMI.

Anastasiya Pasheyeva· Vice Presidentin
Andy Knox· Principalin
Bryan Jangro· Vice President
Jack Duane· Principalin
Jack King· Vice Presidentin
Preston Horner· Principal
Stephen Jones· Principalin
Will Priestley· Vice Presidentin
AJ Hull· Associate
Alex Giummo· Associate
Alex Raines· Senior Associatein
Alia Piccinni· Analyst
Andrew Mosawi· Operating Advisor
Bert Winemiller· Senior Advisor
Brodie Holmes· Associate
Carolyn Exarhakis· Senior Associate, Legalin
Carrie Wadlington· Operating Advisor
Catie Merrick· Director, Executive Talent Networkin
Connor Wallenhorst· Vice President, Valuation & Portfolio Analyticsin
Dan Lewis· Operating Advisor
Daniel van der Merwe· Senior Directorin
Eden Olson· Senior Associate, Legal & Compliancein
Eric de Jager· Head of Product & AI Strategy
Frank Ihle· Associate, Valuation & Portfolio Analyticsin
Garrett McCullough· Senior Associate
Gary Allison· Operating Advisor
Gleb Alexeev· AI Engineer
Harry Westbrook· Senior Associatein
Heather Ewing· Director, Portfolio Talentin
Heather McMurray· Operating Advisor
Isaac Scoville· Associate
James Franklin· Operating Advisor
Jennifer Gause· Operating Advisor
Jeremy Curley· Senior Directorin
Karen Pisha· Operating Advisor
Katy Morris· Associate, Investor Relationsin
Kishor Moorthy· Analyst
Kitty Glick· Talent Acquisition Associate
Kyle Prifogle· Staff AI Engineerin
Lindsay Monti· General Counsel and CCOin
Lizzie Iwicki· Associate
Luke Coughlin· Associate
Margaret Meyo Sciulli· Senior Associatein
Matt Cameron· Operating Advisor
Michael DiPietro· Operating Advisor
Michael Lummus· Senior Directorin
Nicolette Hoffmann· Senior Associatein
Parker Law· Associate
Pat Clark· Operating Advisor
Randy Harvey· Operating Advisor
Russ Wakelin· Operating Advisor
Ryan Lawrence· Director, Taxin
Sammy Feuerman· Senior Associate, Valuation & Portfolio Analyticsin
Shefali Kumar· Senior Associate
Stephanie Carroll· Assistant Fund Controllerin
Steve Goldberg· Operating Advisor
Tommy Moyer· Fund Accountant
Tyler Foxworthy· Head of Data Sciencein
Wayne Silverman· IT Directorin
Yash Savla· Analyst

What they invest in

from 107 of 146 portfolio companies

SaaS ×79AI & Machine Learning ×48Enterprise Software ×42EdTech ×13Fintech ×11Marketing Tech ×11GovTech ×10Cloud Computing ×9

HQs:United States×61Canada×4Australia×1United Kingdom×1

Who they back

founder profiles across 46 portfolio companies
46%
solo founders
21 of 46 mapped founding teams
48%
repeat founders
of 23 founders with career history
~3 yrs
old at investment
median across 14 dated deals

Founding team size:solo founder×212 founders×203 founders×34+ founders×2

Where their founders studiedfrom 19 founders with education data

Columbia University ×2University of Maryland ×2

Where their founders worked beforefrom 23 founders with career history

Dreamfuel ×2ManTech International Corporation ×2TipTop VC ×2

Accelerator rootsportfolio companies that came through a program

Y Combinator ×4

1 hold an MBA (of 20 with degree data)

Investments · 146 tracked

founders shown can be your intro path

By year:2026 · 22025 · 32024 · 22022 · 22021 · 42020 · 12018 · 22017 · 12016 · 32015 · 52012 · 126 dated

ACI Worldwideaciworldwide.comin𝕏NASDAQ: ACIW

ACI Worldwide provides payments software for banks, merchants, and billers, including a cloud-based payments hub, merchant payment orchestration, bill payment, and AI-based fraud management.

Cloud ComputingFintechSaaS

Blackbaudblackbaud.comin𝕏NASDAQ: BLKB

Blackbaud provides cloud software for social impact organizations — including nonprofits, schools, foundations, and companies — covering fundraising, financial management, grantmaking, corporate giving programs, and school administration.

AI & Machine LearningImpact & Social GoodSaaS

Mike Gianoni(President, CEO and Vice Chairman of the Board of Directors)Chad Anderson(Executive Vice President and Chief Financial Officer)Margaret Driscoll(Chief People and Culture Officer)David Benjamin(Executive Vice President and Chief Commercial Officer)Kevin Gregoire(Executive Vice President and Chief Operating Officer)Kevin McDearis(Executive Vice President and Chief Technology Officer)

Co-investorsRock River Capital PartnersBasis Set VenturesBlack Sheep CapitalBlueprint Equity

Datalogixoracle.comNYSE: ORCL

Oracle sells enterprise database software, applications and cloud infrastructure, and has grown through large acquisitions including PeopleSoft, Siebel and Sun Microsystems.

Austin, US

Co-investorsAdvancit CapitalAkkadian VenturesAlliance VCAlliance VentureBessemer Venture PartnersElevate Ventures+19 more

DoubleVerifydoubleverify.comin𝕏NYSE: DVJan 2022

DoubleVerify provides a media effectiveness platform that uses measurement data and AI optimization to maximize digital advertising campaign performance and drive business outcomes.

AdTechAI & Machine LearningMarketing TechNew York, US

Julie Eddleman(Executive Officer)Mark Zagorski(Executive Officer, Director)Nicola Allais(Executive Officer)Matthew McLaughlin(Executive Officer)Rosie Perez(Director)Joshua L. Selip(Director)

Co-investorsBlumberg CapitalComcast VenturesMaccabee VenturesGenacast Ventures

ChurnZerochurnzero.comin𝕏✓ verified

ChurnZero provides customer success software with embedded AI agents that automate tasks such as onboarding, risk detection, and account growth for customer success teams.

AI & Machine LearningSaaSSales TechArlington, US

You Mon Tsang(Chief Executive Officer and Cofounder)inMark Heys(Chief Technical Officer and Cofounder)inAbby Hammer(Chief Product Officer and Chief Customer Officer)inHunter Montgomery(Chief Marketing Officer)inMichael Kipp(Chief Information Security Officer)inSarah Kiley(Chief Sales Officer)in

Co-investorsGrotech VenturesBaird CapitalBaird Venture Partners

Employee Navigatoremployeenavigator.comin𝕏✓ verified

Employee Navigator provides a benefits administration, HR management, and compliance platform used by employers and insurance brokers to manage employee benefits, ACA reporting, payroll integrations, onboarding, and time-off tracking.

HR TechInsurTechSaaSFrederick, US

Co-investorsCentana Growth PartnersSpectrum EquityTransmedia Capital

Lyticslytics.comin𝕏✓ verified

Lytics is a customer data platform for building and using unified customer profiles.

AI & Machine LearningData & InfrastructureMarketing TechSaaSPortland, US

Aaron Raddon(Executive Officer, Director)James McDermott(CEO)inDrew Lanenga(CTO)inDan Abelon(Director)

BoardScott Irwin(Director)inBrett Queener(Director)in

Co-investorsComcast VenturesVoyager CapitalRembrandt Venture PartnersBonfire Ventures

Timelycaretimelycare.comin𝕏✓ verified

TimelyCare is a virtual health provider built for higher education, offering 24/7 telehealth counseling, psychiatry, and well-being services that complement on-campus resources.

Digital HealthEdTechMental Health

Luke Hejl(Co-founder)Chris Clark(Co-founder)Alan Dennington, M.D.(Co-founder)

Unanetunanet.comin𝕏✓ verified

Unanet offers an AI-first, project-based ERP and CRM platform for government contractors (GovCon) and architecture, engineering, and construction (AEC) firms, covering project management, accounting, compliance, and pipeline management.

Enterprise SoftwareGovTechSaaSDulles, US

Fran Craig(Founder)Craig Halliday(CEO)Assad Jarrahian(Chief Engineering Officer)Jeff Davison(Chief Customer Officer)Stacy Critzer(Chief Human Resources Officer)Kevin Singh(Chief Strategy Officer)

Visiting Mediavisitingmedia.comin𝕏✓ verified

Visiting Media offers a sales platform for hotel and property sales teams that uses immersive visual content to present properties remotely, helping sales managers respond to RFPs and win business.

SaaSSales TechTravel & HospitalityPortland, US

Ben Powers(Founder)inJascha Kaykas-Wolff(Chief Executive Officer)inChad Kimner(Chief Operating Officer)inEric Sniff(Chief Technology Officer)inTom Cutsforth(Chief Financial Officer)in

Higher Logichigherlogic.comin𝕏Sep 2016

Higher Logic offers a community, communications, and engagement platform that unifies audience interaction data and applies AI to help organizations understand and personalize member and customer experiences.

AI & Machine LearningMarketing TechSaaSArlington, US

Robert A. Wenger(Chief Executive Officer)Andrew Steggles(President)

BoardRobert Nye(Director)in

Board seatLarry Contrella· per SEC Form D

Co-investorsLevel Equity

Incident IQincidentiq.comin𝕏Aug 2021

Atlanta, US

Mike Hickney(Executive Officer)Robert Todd Collins(Executive Officer, Director)Robert Travis Collins(Executive Officer, Director)

Board seatLarry Contrella· per SEC Form D

Co-investorsICONIQ

RecsoluJul 2025SEC filingmedium confidence

Chicago-based recruitment software company, founded in 2008 as Recsolu and rebranded to Yello in 2015.

Chicago, US

Daniel Bartfield(Executive Officer, Director)Jason Weingarten(Director)Bradley Davis(Executive Officer)

BoardWalter Barandiaran(Director)Corey Greendale(Director)in

Board seatPeter Arrowsmith· per SEC Form D · $5.8M raise · filed Jul 2025

Co-investorsFirst AnalysisThe Argentum Group

Rocket ParentNov 2018SEC filingmedium confidence

La Jolla, US

Jim Vesterman(Manager and not a Director)Megan Schmitt(Executive Officer)Kathy Fields(Executive Officer)

BoardBob Nye(Manager and not a Director)in

Board seatLarry Contrella· per SEC Form D · $12.1M raise · filed Nov 2018

Timely TopcoApr 2026SEC filingmedium confidence

HealthtechFort Worth, US

Alan Dennington, M.D.(Manager)Luke Hejl(Manager, CEO & Co-Founder)Christopher Clark(Manager)

BoardMichael Prentiss(Director)

Board seatMatt EmeryKrishna Potarazu· per SEC Form D · $2.7M raise · filed May 2026

Adaptive Insightsadaptiveinsights.comin𝕏acquired by Workday · Jun 2018

Adaptive Insights developed cloud-based corporate performance management software for financial planning, budgeting, forecasting, and reporting.

AI & Machine LearningEnterprise SoftwareSaaSPalo Alto, US

Robert Hull(Founder and Chairman)Thomas Bogan(Chief Executive Officer and Board Member)John Herr(Executive Officer, Director)

BoardTerry Opdendyk(Board Member (ONSET Ventures))Byron Deeter(Director)inRobert Antoniades(Board Member (Information Venture Partners))

Co-investorsBessemer Venture PartnersFounders Circle CapitalNorwest Venture Partners

Advyzonadvyzon.comin

Advyzon offers an all-in-one technology platform for financial advisors and wealth management firms, combining CRM, portfolio management, trading, rebalancing, billing, reporting, and client portals in a single system.

FintechSaaS

Agiloftagiloft.cominAug 2020

Agiloft offers a Contract Lifecycle Management (CLM) and contracts AI platform that centralizes, automates, and governs the contract process from request and negotiation through execution, obligation tracking, and renewal.

AI & Machine LearningEnterprise SoftwareLegalTechRedwood City, US

Colin Earl(Executive Officer, Director)Eric Laughlin(CEO)inJohn Pechacek(CTO)inNicole Milstead(Chief Marketing Officer)inAngel Lange(Finance Leader (CFO))inJoe Yurich(Chief Revenue Officer)in

Co-investorsFTV CapitalKohlberg Kravis RobertsLegalTech

Alert Mediaalertmedia.comin𝕏

AlertMedia offers a risk intelligence and emergency communication platform that helps organizations identify threats, notify people, and coordinate response during incidents and disruptions.

Enterprise SoftwareSaaSAustin, US

Brian Cruver(Founder & Executive Chairman)Christopher Kenessey(Chief Executive Officer)inAlex Vaccaro(President)Marc Ostryniec(Chief Revenue Officer)Elizabeth Loucheur(Chief Operating Officer)Jeff Branc(Chief Technology Officer)

Co-investorsATX Venture PartnersNext Coast VenturesSilverton Partners

Applied Systemsappliedsystems.comin𝕏

Applied Systems provides agency management systems and digital solutions for independent insurance brokerages and agencies, delivering end-to-end insurance workflow automation from prospecting through renewals and back-office operations.

AI & Machine LearningInsurTechSaaS

Co-investorsCapitalG

Apptegyapptegy.comin𝕏

SchoolCEO is a quarterly research and perspectives magazine for K-12 school leaders, superintendents, and communications professionals, focused on marketing, communications, recruitment, and branding in public education.

EdTechGovTechMarketing TechMedia & EntertainmentSaaSLittle Rock, US

Jeston George(Executive Officer, Director)

Co-investorsFive Elms CapitalRoyal Street Ventures Management Company, Llc

Arenaarenasolutions.comin𝕏

Arena, part of PTC, provides cloud-native product lifecycle management (PLM) and quality management system (QMS) software that unifies product information, teams, and supply chain partners.

Advanced ManufacturingCloud ComputingSaaS

Arrowheadarrowheadgrp.comin

Arrowhead is a national insurance program administrator and managing general agency that develops and brings specialty insurance program offerings to market.

FintechInsurTechSan Diego, US

Attachmateattachmate.com

Co-investorsFrancisco Partners

Automotivemastermindautomotivemastermind.comin

automotiveMastermind provides a predictive sales and marketing platform for automotive dealerships, using consumer and market data to score prospects by likelihood to buy and generate personalized outreach.

AI & Machine LearningMarketing TechSales TechNew York, US

Johannes Gnauck(Executive Officer, Director)Marco Schnabl(Executive Officer, Director)

BoardDavid Greenberg(Director)in

Autotask, Inc.autotask.comin𝕏

Autotask is an AI-powered business operating system for IT service delivery that provides ticket triage, endpoint management, backup, and professional services automation for IT teams and managed service providers.

CybersecurityEnterprise SoftwareSaaS

Co-investorsNorth Atlantic Capital

Avectoavecto.com
Axonifyaxonify.comin𝕏

Axonify offers an AI-powered frontline enablement platform that combines microlearning, task execution, and analytics to train and coordinate frontline workers.

AI & Machine LearningEdTechSaaS

Co-investorsBDC Fund Investments (Fund-of-Funds)BDC Venture CapitalBridgescale PartnersHarmony PartnersWaterloo Accelerator Centre

Benevitybenevity.comin

Benevity operates an AI-native corporate social responsibility platform that unifies employee giving, volunteering, grants management, employee resource groups, challenges and impact reporting in one system.

Enterprise SoftwareImpact & Social GoodSaaS

Co-investorsGeneration Investment Management

BigMachines
BindView Developmentacquired by Symantec

IPO (NASDAQ: BVEW), acquired by Symantec

Bloomerangbloomerang.coin𝕏

Bloomerang provides donor and fundraising management software for nonprofit organizations to improve donor relationships and increase fundraising effectiveness.

SaaS

Ross Hendricksonin

Co-investorsGolub GrowthWarburg Pincus

Boulevardjoinblvd.comin

Boulevard is a cloud-based appointment scheduling and client management platform for beauty and wellness service businesses including spas, salons, barbershops, and medical spas.

Enterprise SoftwareSaaSWellness & Fitness

Matt Danna(Founder)in

Co-investorsAurumBonfire VenturesGray Line PartnersIndex VenturesLudlow VenturesPoint72 Ventures+2 more

Businessolverbusinessolver.comin𝕏

Businessolver provides a benefits administration platform for employers and HR teams to manage employee benefits enrollment and support.

Enterprise SoftwareHR TechSaaS

Co-investorsWarburg Pincus

ButterflyMXbutterflymx.comin𝕏

ButterflyMX provides a property access and security platform that connects video intercoms, access control, and security cameras through a single system.

HardwarePropTechSaaSNew York City, US

Cyrus Claffey(Founder & Executive Chairman)

Co-investorsDarco CapitalEgis Capital PartnersFifth WallFTV CapitalRiverPark VenturesVolition Capital+1 more

Caca.com

Co-investorsYL Ventures

Campuslogiccampuslogic.comin𝕏Sep 2015

CampusLogic (now part of Ellucian Student Aid) provides software that automates financial aid operations, improves transparency of aid processes, and connects financial support to student outcomes for colleges and universities.

EdTechFintechSaaSGilbert, US

Gregg Scoresby(Executive Officer, Director)

Co-investorsGSV VenturesSJF VenturesTeamworthy Ventures

Cantocanto.comin𝕏

Canto provides a digital asset management (DAM) platform that centralizes a brand's digital assets and product content, with AI-powered search, distribution, and collaboration tools.

Enterprise SoftwareMarketing TechSaaS

Capsule Techcapsuletech.comin𝕏

Philips Capsule provides healthcare informatics solutions for hospitals and health systems, including medical device integration, system integration, cloud data storage and analytics, clinical surveillance, patient data management, and virtual care.

Digital HealthHealthtechMedical Devices

Co-investorsJavelin Venture Partners

Catalyst Repository Systemsin𝕏

OpenText provides enterprise software for data management, content management, and AI-powered automation across organizations.

AI & Machine LearningCloud ComputingData & InfrastructureEnterprise Software

Co-investorsCatalyst InvestorsColle Capital PartnersFrancisco PartnersFTV CapitalIn-Q-Tel

Catapult Learningcatapultlearning.comin𝕏

Catapult Learning provides academic support programs for K-12 students—including in-person, virtual, and hybrid tutoring, academic intervention, and summer learning—along with mental health and life skills services.

EdTechMental Health

CipherHealthcipherhealth.comin𝕏May 2018

CipherHealth provides a care coordination platform for health systems that connects nurse rounding, patient outreach, and post-discharge follow-up, using 15+ years of patient interaction data layered with AI.

AI & Machine LearningDigital HealthHealthtechNew York, US

Zach Silverzweig(Executive Officer)Alex Hejnosz(Executive Officer)Frank Liu(Director)Anthony Wong(Director)Randolph Cheung(Executive Officer, Director, Promoter)

BoardMatt Emery(Director)in

Co-investorsaVenture

Clioclio.comin𝕏Nov 2025

Clio provides cloud-based legal practice management software and client communication tools for law firms to streamline operations and improve client service.

AI & Machine LearningCloud ComputingLegalTechSaaSVancouver, CA

Jack Newton(CEO and Founder)inRian Gauvreau(Co-founder)Sergey Konchakovskiy(Director, Chief Executive Officer)

BoardJulian Steinberg(Director)John Bush(Director)Alyssa Ferenz(Director)

Co-investorsActon CapitalBessemer Venture PartnersCapitalGIntrepid Growth PartnersNew Enterprise Associates (NEA)Point Nine+6 more

Code42code42.comOct 2015

Code42 (now part of Mimecast) offers Incydr, a data loss prevention and insider risk management tool that detects and blocks data exfiltration across work channels, including uploads to unsanctioned generative AI tools.

AI & Machine LearningCybersecuritySaaSMinneapolis, US

Matthew Dornquast(Director)Mitch Coopet(Founder)inElizabeth Fortier(Executive Officer)Joseph Payne(Executive Officer, Director)Joe Paynein

BoardHarry Gruner(Director)in

Co-investorsAccelNew Enterprise Associates (NEA)NewView CapitalSecond Alpha PartnersSplit Rock Partners

CompanyCamcompanycam.comin𝕏

CompanyCam is a mobile app for contractors and field service teams to take, organize, and annotate job site photos and videos with AI-powered voice context and unlimited cloud storage.

AI & Machine LearningConstruction TechSaaSLincoln, US

LUKE HANSEN(Executive Officer, Director)Luke Hansen(CEO)in

Co-investorsB Capital GroupB4 CapitalBlueprint EquityInsight PartnersInvest NebraskaNelnet+2 more

Compusearchcompusearch.comin

Unison provides AI-infused software for U.S. federal government operations, covering acquisitions, contract writing, cost estimating, budgeting, and planning.

AI & Machine LearningGovTechSaaS

Co-investorsArlington Capital Partners

Configuresoft
Contentstackcontentstack.comin𝕏

Contentstack offers an Agentic Experience Platform combining a headless CMS, real-time customer data, and AI agents to generate, translate, and personalize content across channels.

AI & Machine LearningEnterprise SoftwareMarketing TechSan Francisco, US

Neha Sampat(CEO)inNishant Patel(CTO)inMatthew Baier(Executive Officer, Director)David Overmyer(Executive Officer)in

BoardTeddie Wardi(Director)in

Co-investorsIlluminate VenturesInsight PartnersGeorgianGingerbread Capital

Corehrcorehr.comin𝕏

CoreHR (now Access PeopleXD Evo) provides an AI-enabled HR and payroll platform for medium and large organisations, covering core HR, payroll, workforce management, talent, analytics and employee engagement across the employee lifecycle.

AI & Machine LearningHR TechSaaS

Cosentialcosential.comin𝕏

Unanet (Cosential) is an AI-first enterprise CRM built specifically for architecture, engineering, and construction firms.

AI & Machine LearningConstruction TechSaaS

Co-investorsActivate Venture Partners

Courioncourion.com

Co-investorsPaladin Capital Group

Coursedogcoursedog.comin𝕏Sep 2021Acquired

Coursedog provides an academic operations platform for higher education institutions to improve course scheduling, degree pathway planning, and administrative efficiency.

AI & Machine LearningEdTechEnterprise SoftwareSaaSNew York City, US

Nicholas Diao(Founder & CTO)inJustin Wenig(Founder)in

BoardDavid Schneider(Director)

Co-investorsCoatue ManagementPHX VenturesY Combinator

Descartesdescartes.comin𝕏

Descartes operates the Global Logistics Network (GLN), a platform connecting shippers, carriers, and logistics service providers to manage shipments, transportation, customs compliance, and regulatory processes using data and AI.

Enterprise SoftwareLogistics & Supply ChainSaaS

Co-investorsCathay Innovation

Doorloopdoorloop.comin𝕏Aug 2024

DoorLoop is a cloud-based property management platform that combines rent collection, tenant screening, e-leases, maintenance, and accounting in one system, with AI automation across leasing, maintenance, and communications.

AI & Machine LearningPropTechSaaSMiami Beach, US

Ori Tamuz(Executive Officer, Director)inAdam Mait(Executive Officer)in

BoardDavid Greenberg(Director)inWilliam Maguy(Director)

DoubleClickdoubleclickbygoogle.com

David Rosenblattin

Co-investorsCanaan PartnersScOp Venture CapitalSilver Lake Partners

Dynamo Softwaredynamosoftware.comin𝕏

Dynamo Software provides a configurable, cloud-based investment management platform for the alternative investments industry, serving fund managers, institutional investors, and service providers.

Cloud ComputingFintechSaaS

Krassen Draganov(Founder & Chief Product Officer)Hank Boughner(CEO)

Co-investorsBlackstoneFrancisco PartnersABS Capital PartnersAlpine InvestorsDnx VenturesiGlobe Partners+4 more

EdSightsedsights.ioinAug 2021

EdSights develops a chatbot that helps higher education students navigate college life by providing timely support and collecting student feedback to inform institutional decision-making.

AI & Machine LearningData & InfrastructureEdTechSaaSNew York City, US

Claudia Recchi(Co-founder)Carolina Recchi(Co-founder)

BoardSid Krommenhoek(Director)in

Co-investorsEverywhere VenturesGood FriendsLakehouse Venture PartnersPHX VenturesTechstarsAlbum VC+1 more

Ellucianellucian.comin𝕏

Ellucian provides an AI-native cloud platform for higher education institutions, covering the student lifecycle alongside human capital management and finance.

Cloud ComputingEdTechSaaS

Co-investorsLeonard GreenLumos Capital GroupPHX VenturesTeamworthy Ventures

Rows marked “SEC filing” are inferred from directors named on the company's SEC Form D — public regulatory data, not a portfolio list published by the firm.

Exits · 13

IPOs and acquisitions across the tracked portfolio

ACI WorldwideNASDAQ: ACIWBlackbaudNASDAQ: BLKBDatalogixNYSE: ORCLDoubleVerifyNYSE: DVAdaptive Insightsacq. by WorkdayBindView Developmentacq. by SymantecEMS Softwareacq. by AccruentHarmony Information Systemsacq. by WellSkyLessonlyacq. by SeismicSeismic Micro-Technologyacq. by IHS MarkitUndertoneacq. by PerionVocusacq. by GTCRWorkfrontacq. by Marketo

Portfolio news

latest coverage across their companies

Fund performance · per public LP disclosures · 7

as of Jun 2025
FundVintageCommittedNet IRRTVPIDPI
JMI Equity Fund XI A L.P.LPs: California State Teachers' Retirement System202313.6%1.14x
JMI Equity Fund XI, L.P.LPs: New Mexico Public Employees Retirement Association20231.17x0.00x
JMI Equity Fund X A L.P.LPs: California State Teachers' Retirement System202113.7%1.46x0.10x
JMI Equity Fund IX-A, L.P.LPs: California State Teachers' Retirement System201922.5%2.13x0.92x
JMI Equity Fund VIIILPs: California State Teachers' Retirement System, Pennsylvania Public School Employees' Retirement System, Hawaii Employees' Retirement System201526.7%2.45x1.95x
JMI Equity Fund VII, LP*LPs: Empire State Development – New York Ventures20102.52x2.52x
JMI Equity Fund VI, L.P.LPs: California State Teachers' Retirement System, New Mexico Public Employees Retirement Association, Hawaii Employees' Retirement System20071.80x1.80x

Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).

Frequently asked questions

How many investments has JMI Equity made?
JMI Equity has 136 tracked investments, 11 of which have exited via acquisition or IPO, including 4 dated in the last 24 months.
What stage does JMI Equity invest at?
JMI Equity invests at the Series B, Series C, Growth, Late Stage stages.
What is JMI Equity's typical check size?
JMI Equity typically writes checks of $25M – $250M.
What sectors does JMI Equity focus on?
JMI Equity focuses on AI & Machine Learning, Cloud Computing, Enterprise Software, SaaS.
Where is JMI Equity located?
JMI Equity is headquartered in La Jolla, US.
Does JMI Equity lead rounds?
Yes, JMI Equity leads investment rounds.
Who does JMI Equity co-invest with?
JMI Equity most often shares deals with Insight Partners, New Enterprise Associates (NEA), Norwest Venture Partners, among 198 tracked co-investors.

Media · Podcasts & interviews

featuring the team

Excellence in Software Investing: JMI Equity's Peter Arrowsmith

Growth Investor with GrowthCap‘s RJ Lumba · Peter Arrowsmith

Raising Capital in Tough Markets With Peter Arrowsmith of JMI Equity | The CFO Show

The CFO Show · Peter Arrowsmith

Harry Gruner, JMI Equity - Deloitte Pred2009 - Toronto pre-show

Deloitte Canada · Harry Gruner

Co-investors · 11

Canaan Partners

Canaan Partners is a venture capital firm with over 30 years of history, backing companies across technology and healthcare sectors through close, hands-on partnerships with founders.

Both backed · 1
DoubleClick
$500K – $20M
F-Prime Capital

F-Prime Capital is an early-stage-focused investment firm backing companies across life sciences, technology, healthtech and services, and crypto.

$3M – $10M
Atlas Venture

Atlas Venture is a life sciences venture capital firm with three decades of experience investing in and building biotech and medical innovation companies, including startups launched from its own incubator.

$500K – $1M
OrbiMed

OrbiMed is a global healthcare-focused investment firm providing financing and operational support to companies across biopharmaceuticals, medical devices, digital health, diagnostics, and healthcare services.

$1M – $75M
Sofinnova Partners

Sofinnova Partners is a life sciences venture capital firm investing across the value chain from seed to later stage, with a focus on healthcare and sustainability. It backs companies in biopharma, medtech, digital medicine, agriculture and industrial processes.

$540K – $27M
5AM Ventures

5AM Ventures is a life science venture capital firm founded in 2002 that invests primarily in private therapeutic companies, with a focus on biopharmaceuticals, drug delivery technologies, and life science instruments.

$100K – $4M
MPM BioImpact

MPM BioImpact combines 30+ years of biotech venture capital expertise with impact investing and public market experience, managing early-stage venture funds, private/public impact funds, and a public equities fund focused on transforming patient outcomes.

$1M – $15M
Pivotal Life Sciences

Pivotal Life Sciences is an investment platform focused on funding innovative companies developing therapeutic products and technologies aimed at major unmet medical needs.

Ysios Capital

Ysios Capital is a life sciences investor that finances innovative biotech companies worldwide, providing resources to develop novel therapies for indications with high unmet medical needs.

$5.4M – $21.6M
Advent Life Sciences

Advent Life Sciences is a trans-Atlantic venture capital firm investing in early and mid-stage life sciences companies across the UK, Europe and the USA.

Dolby Family Ventures

Dolby Family Ventures is an investment firm focused on life sciences, backing companies across precision neuroscience and life sciences platforms.

Firms observed investing alongside JMI Equity, from public investor directories. Shared companies are the overlap with JMI Equity's recorded portfolio.

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