JMI Equity
Growth equityLa Jolla · Series B–Late Stage · 95 people tracked
Also known as Jmi Management, L.P.
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 3, 2026.
Team · 95 people
from the firm's website & public directories
What they invest in
from 101 of 141 portfolio companiesSaaS ×58Enterprise Software ×52AI & Machine Learning ×49Cloud Computing ×11EdTech ×11HR Tech ×11GovTech ×10Healthtech ×9
HQs:United States×37Canada×2
Investments · 141 tracked
founders shown can be your intro pathACI Worldwide provides payments orchestration software and platforms for processing consumer transactions, including solutions for banks, merchants, and billing services across industries such as retail, auto finance, utilities, and government.
AI & Machine LearningEnterprise SoftwareFintech<UNKNOWN>
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
Kelli Turner(Director)Laura B. Desmond(Director)Julie Eddleman(Executive Officer)Teri List(Director)R. Davis Noell(Director)Rosie Perez(Director)
Lytics builds an AI-driven customer data platform for data-driven marketing and personalization.
AI & Machine LearningData & InfrastructureMarketing TechPortland, US
Scott Irwin(Director)Aaron Raddon(Executive Officer, Director)Dan Abelon(Director)Brett Queener(Director)Andrew Cleland(Director)James McDermott(CEO)
Higher Logic provides a platform that integrates community, communications, data, and AI to help organizations create personalized member and customer experiences.
AI & Machine LearningEnterprise SoftwareSaaSArlington, US
Robert A. Wenger(Chief Executive Officer)Andrew Steggles(President)Robert Nye(Director)Larry Contrella(Director)
Board seatLarry Contrella· per SEC Form D
Atlanta, US
Robert Todd Collins(Executive Officer, Director)Mike Hickney(Executive Officer)Robert Travis Collins(Executive Officer, Director)Larry Contrella(Director)
Board seatLarry Contrella· per SEC Form D
Chicago, US
Norma Guerra Gaier(Director)Peter Arrowsmith(Director)Walter Barandiaran(Director)Daniel Bartfield(Executive Officer, Director)Bradley Davis(Executive Officer)Corey Greendale(Director)
Board seatPeter Arrowsmith· per SEC Form D · $5.8M raise · filed Jul 2025
La Jolla, US
Megan Schmitt(Executive Officer)Larry Contrella(Manager and not a Director)Bob Nye(Manager and not a Director)Kathy Fields(Executive Officer)Jim Vesterman(Manager and not a Director)
Board seatLarry Contrella· per SEC Form D · $12.1M raise · filed Nov 2018
HealthtechFort Worth, US
Michael Prentiss(Director)Christopher Clark(Manager)Michael Baird(Director)Alan Dennington, M.D.(Manager)Krishna Potarazu(Director)Matt Emery(Manager)
Board seatMatt EmeryKrishna Potarazu· per SEC Form D · $2.7M raise · filed May 2026
Workday Adaptive Planning is an enterprise performance management (EPM) software platform that uses AI to automate financial planning, budgeting, forecasting, and workforce planning for large organizations.
AI & Machine LearningEnterprise SoftwareSaaS
Thomas Bogan(Executive Officer, Director)Terry Opdendyk(Director)Robert Hull(Executive Officer, Director)Byron Deeter(Director)Robert Antoniades(Director)Jim Kelliher(Director)
Agiloft provides a contract lifecycle management platform with embedded AI that helps legal and procurement teams extract intelligence from contracts, automate workflows, and manage agreements from creation through renewal.
AI & Machine LearningEnterprise SoftwareLegalTechRedwood City, US
Abhay Puskoor(Director)Bridget Conrad(Executive Officer, Director)Alex Mason(Director)Colin Earl(Executive Officer, Director)Eric Laughlin(Executive Officer, Director)
AlertMedia provides a unified risk intelligence and incident response platform that helps organizations manage disruptions, emergencies, and business continuity across geographically distributed teams.
Enterprise SoftwareSaaSAustin, US
Brian Cruver(Executive Officer, Director, Promoter)
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
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)
automotiveMastermind provides an AI-powered sales and marketing platform for automotive dealerships that uses behavioral prediction and consumer data to identify prospects, drive personalized engagement, and enable sales teams to acquire new customers and retain existing ones.
AdTechAI & Machine LearningSaaSNew York, US
Johannes Gnauck(Executive Officer, Director)Marco Schnabl(Executive Officer, Director)
BoardDavid Greenberg(Director)
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
IPO (NASDAQ: BVEW), acquired by Symantec
Bloomerang provides donor and fundraising management software for nonprofit organizations to improve donor relationships and increase fundraising effectiveness.
SaaS
Businessolver provides benefits administration and management software for employers, including payroll integration and employee support services.
HR Tech
ButterflyMX provides an integrated property access and security platform combining video intercoms, access control, and security cameras for multifamily, commercial, and student housing properties.
IoTPropTechSaaS
Campus Logic (Ellucian Student Aid) provides student financial aid management software for higher education institutions.
EdTechEnterprise SoftwareSaaSGilbert, US
Gregg Scoresby(Executive Officer, Director)
Philips Capsule provides informatics solutions for hospitals and health systems, including medical device integration, virtual care, clinical surveillance, and analytics.
Cloud ComputingEnterprise SoftwareHealthtech
OpenText provides enterprise software for data management, content management, and AI-powered automation across organizations.
AI & Machine LearningCloud ComputingData & InfrastructureEnterprise Software
Catapult Learning provides academic tutoring, targeted intervention, and professional development programs for educators in K-12 schools.
EdTechHR TechMental Health
ChurnZero provides AI-powered customer success software designed to reduce churn and increase revenue retention for SaaS companies.
AI & Machine LearningEnterprise SoftwareSaaSArlington, US
You Mon Tsang(Executive Officer, Director)inSteve Fredrick(Director)Mark Heys(Executive Officer, Director)inJulia Taxin(Director)
CipherHealth provides care coordination software for health systems that connects nurse rounding, patient outreach, and post-discharge follow-up across multiple care settings and communication channels.
AI & Machine LearningDigital HealthHealthtechNew York, US
Alex Hejnosz(Executive Officer)Frank Liu(Director)Anthony Wong(Director)Randolph Cheung(Executive Officer, Director, Promoter)Zach Silverzweig(Executive Officer)
BoardMatt Emery(Director)
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)Rian Gauvreau(Co-founder)Julian Steinberg(Director)John Bush(Director)Sergey Konchakovskiy(Director, Chief Executive Officer)Alyssa Ferenz(Director)
Code42 (operating as Mimecast Incydr) provides data loss prevention and insider risk management software that detects and prevents unauthorized data exfiltration across modern work channels, including shadow AI tool usage.
AI & Machine LearningCybersecurityEnterprise Software
Harry Gruner(Director)Elizabeth Fortier(Executive Officer)Matthew Dornquast(Director)Joseph Payne(Executive Officer, Director)Ping Li(Director)Michael Gorman(Director)
CompanyCam is a construction management platform that enables field teams to document projects through photos, videos, and voice-assisted AI tools, organizing job site data with cloud storage and integrations for reporting, payments, and team collaboration.
AI & Machine LearningCloud ComputingConstruction Tech
LUKE HANSEN(Executive Officer, Director)
Unison develops AI-infused software that simplifies federal business processes, including acquisitions, budgeting, contract management, and cost estimation.
AI & Machine LearningEnterprise SoftwareGovTech
Contentstack is an Agentic Experience Platform that unifies content management, real-time data and AI agents to enable personalized customer experiences at scale.
AI & Machine LearningEnterprise SoftwareSaaSSan Francisco, US
Neha Sampat(Executive Officer, Director)inMatthew Baier(Executive Officer, Director)Teddie Wardi(Director)Nishant Patel(Director)inDavid Overmyer(Executive Officer)in
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)inDavid Schneider(Director)
Descartes provides a global logistics network platform that connects shippers, carriers, and logistics service providers to manage supply chain operations including transportation management, customs compliance, fleet performance, and ecommerce fulfillment.
Data & InfrastructureLogistics & Supply ChainSaaS
DoorLoop is a cloud-based property management platform that handles rent collection, tenant screening, lease management, maintenance requests, and accounting for landlords, property managers, and real estate investors.
AI & Machine LearningPropTechSaaSMiami Beach, US
Ori Tamuz(Executive Officer, Director)inAdam Mait(Executive Officer)in
BoardDavid Greenberg(Director)William Maguy(Director)
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)Sid Krommenhoek(Director)
Ellucian provides software solutions for higher education institutions, including a Student Information System (SIS), Human Capital Management (HCM), and Finance modules that integrate as an AI-native platform to manage the complete student lifecycle.
EdTechEnterprise SoftwareSaaS
Employee Navigator is a benefits administration and HR platform that serves employers, brokers, and industry partners.
Enterprise SoftwareHR TechSaaS
Accruent EMS is a workplace and facility management platform that enables organizations to schedule desks, meeting rooms, events, and shared resources while providing space utilization analytics.
Enterprise SoftwareFuture of WorkSaaS
Epicor provides enterprise resource planning (ERP), supply chain management, and retail management software for manufacturers, distributors, and retailers across 150 countries.
Enterprise SoftwareLogistics & Supply ChainSaaSAustin, US
Sebastian Kunne(Director)Aaron Dupuis(Director)Jeff Hawn(Director)Vaibhav Vohra(Executive Officer)Stephen Murphy(Executive Officer, Director)Mitch Williams(Director)
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.
Fund performance · per public LP disclosures · 7
as of Jun 2025| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| JMI Equity Fund XI A L.P.LPs: California State Teachers' Retirement System | 2023 | — | 13.6% | 1.14x | — |
| JMI Equity Fund XI, L.P.LPs: New Mexico Public Employees Retirement Association | 2023 | — | — | 1.17x | 0.00x |
| JMI Equity Fund X A L.P.LPs: California State Teachers' Retirement System | 2021 | — | 13.7% | 1.46x | 0.10x |
| JMI Equity Fund IX-A, L.P.LPs: California State Teachers' Retirement System | 2019 | — | 22.5% | 2.13x | 0.92x |
| JMI Equity Fund VIIILPs: California State Teachers' Retirement System, Pennsylvania Public School Employees' Retirement System, Hawaii Employees' Retirement System | 2015 | — | 26.7% | 2.45x | 1.95x |
| JMI Equity Fund VII, LP*LPs: Empire State Development – New York Ventures | 2010 | — | — | 2.52x | 2.52x |
| JMI Equity Fund VI, L.P.LPs: California State Teachers' Retirement System, New Mexico Public Employees Retirement Association, Hawaii Employees' Retirement System | 2007 | — | — | 1.80x | 1.80x |
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
- 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.
Media · Podcasts & interviews
featuring the teamExcellence 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
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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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