JMI Equity just closed its latest growth equity fund, JMI Equity Fund X, at it’s cap of $1.7 billion.
The San Diego & Baltimore based fund makes investments of $20 million to $200 million in best-in-class software businesses, and is a backer of many late stage San Diego startups including SOCi, Seismic, Classy, and Lytx
This latest growth fund tops their last, JMI Equity Fund IX, which closed in 2018 at $1.2 billion.
Read more about JMI Equity Fund X here.
More funding news can be found here.