Venture Capital: JMI Closes Oversubscribed Fund XI At $2.4B

March 21, 2023 | Latest News, News, Venture Capital

Over the past three years, JMI Equity has invested in more than 30 cloud software companies and generated over $3.5 billion in realizations.

JMI Equity has closed JMI Equity Fund XI and JMI XI Executive Fund with total commitments of $2.4 billion. The oversubscribed fund received strong support from new and existing investors, bringing JMI’s total capital commitments to more than $8bn since its founding in 1992.

JMI Equity is a growth equity firm that invests in high-growth B2B software companies and has partnered with entrepreneurs, founders and management teams to provide capital, industry expertise and operational support for over 30 years. . (Businesswire)

The fund will make both minority and majority shareholder investments ranging from $25m to $250m in North American companies, often providing their first institutional capital.

JMI XI has already completed investments in three companies: Businessolver, Visiting Media and Unanet. It intends to make both minority and majority shareholder investments ranging from approximately $25 million to $250 million.

JMI and its portfolio companies will navigate the dynamic economic environment, prioritize customer engagement, invest in product innovation and establish market-leading companies.

“To date, JMI has invested in over 180 software businesses in North America and Europe and completed over 115 exits,” JMI said in a statement. “Today, the Firm’s portfolio of industry-leading cloud software companies represents $8 billion in combined revenue, $65 billion in aggregate enterprise value, and over 34,000 jobs.”

Related Story:  8VC Raises $880M For Its Fund V

Photo by micheile henderson on Unsplash

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