Investment Summary

JMI Equity Invests In Swiftly

On December 9, 2020, private equity firm JMI Equity invested in internet software and services company Swiftly

Investment Highlights
  • This is JMI Equity’s 38th transaction in the Internet Software and Services sector.
  • This is JMI Equity’s 97th transaction in the United States.
  • This is JMI Equity’s 20th transaction in California.

Investment Summary
Date 2020-12-09
Target Swiftly
Sector Internet Software and Services
Investor(s) JMI Equity
Deal Type Growth Capital
Advisor(s) Gunderson Dettmer (Legal)

Target

Swiftly

San Francisco, California, United States
Swiftly is a cloud-based big data platform specifically designed for public transit data and operations. Swiftly is based in San Francisco, California.

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Investor(S) 1

Investor

JMI Equity

La Jolla, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1992
PE ASSETS 7.5B USD
Size Mega
Type Sector Focused
DESCRIPTION

JMI Equity is a private equity firm focused on investments in software, internet, business service, and healthcare IT. Targeted businesses typically help automate and optimize business and information technology processes. The Firm will consider investments at all stages of development, including early-stage companies, self-funded businesses requiring growth capital, and later stage businesses in need of buyout or recapitalization funding. JMI looks to commit at least $10 million per transaction. JMI Equity was formed in 1992 and maintains offices in San Diego and Baltimore.

DEAL STATS #
Overall 111 of 127
Sector (Internet Software and Services) 38 of 41
Type (Growth Capital) 38 of 50
State (California) 20 of 25
Country (United States) 97 of 111
Year (2020) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-14 Cosential

Austin, Texas, United States

Cosential, Inc. is a provider of CRM and proposal automation software for Architecture, Engineering, and Construction (AEC) firms. Cosential’s cloud-based software platform creates a single system of record, purpose-built for the unique project-based needs of AEC marketing and business development teams.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-14 Arena Solutions

Foster City, California, United States

Arena Solutions, Inc. is a cloud-based PLM company that provides an all-in-one product development platform that unites PLM, ALM, supply chain collaboration, and QMS for the design and manufacture of complex electronics. Its solution creates a collaborative development-to-production workflow tied to the product record that connects electrical, mechanical, and software engineers, allowing them to work seamlessly with product development, quality, and manufacturing teams. Arena Solutions was founded in Foster City, California.

Sell $715M
Mergr

Product

Company

Legal