JMI Equity related stories
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PEI Awards 2019: Americas winnersWhich investor took Large-cap Firm, Exit and Fundraise of the Year?
General Atlantic and JMI back BenevityBenevity Inc, a Calgary-based provider of corporate social responsibility and employee engagement software, has raised US$40 million in Series C funding. The investors were General Atlantic and JMI Equity. The capital infusion will be used to support Benevity's platform and service.
- General Atlantic, JMI invest $40 mln in Benevity
Benevity Inc said Oct. 22 that it raised $40 million in a Series C round from General Atlantic and JMI Equity. Benevity, of Calgary, provides corporate social responsibility and employee engagement software.
New Mexico SIC slashes PE investment target as distributions dry upThe sovereign fund, which has struggled to meet its pacing target, will likely have less capacity for new fund commitments over the next five years.
- Clio amasses Series D from TCV and JMI
Clio, a provider of cloud-based legal technology, has raised US$250 million in Series D funding. The investors were TCV and JMI Equity. Raymond James served as a buyside financial adviser to TCV on this transaction. According to the announcement of this fundraising, it "marks one of the largest in legal technology, the largest in Canadian history, and a definitive shift for the future of the legal industry." Clio has offices in Toronto, Calgary, Los Angeles and Ireland.
- PE HUB Wire Highlights, 9.4.19
GI, TA consider options for MRI Software; VPAY bids come in below expectations; TCV, JMI Equity invest $250 mln in Clio
- Clio raises $250 mln
Clio said Sept. 4 that it raised $250 million in a Series D round from TCV and JMI Equity. Clio provides cloud-based legal technology.
- Canada's PE market slows in H1 with $4.9 bln invested: CVCA
Canada's private equity (PE) market saw $3 billion invested in 158 deals in the second quarter of 2019, up 54 percent from three months earlier but down 63 percent from Q2 2018, according to a report by the Canadian Venture Capital and Private Equity Association (CVCA). PE investment between January and June totalled $4.9 billion, the lowest amount invested in a first half since CVCA began collecting data (2013). The dollars went to 289 deals in this period, down from 324 deals in H1 2018. There was a record share of deals in the information and communications technology sector in Q2 2019 (20 percent). The industrial and manufacturing sector captured a comparable share (21 percent).
- Madeley named CEO at Vena Solutions
Vena Solutions said Aug. 8 that Hunter Madeley was named CEO effective immediately. Founding CEO Don Mal is retiring but will remain with the company in an advisory and support role. Vena is backed by JMI and Centana Growth Partners.