JMI Equity Raises $1.7B for Software Start-Up Fund
Greater Baltimore companies benefit from a number of large-scale investors in their own backyard. One of those, JMI Equity, a Baltimore & San Diego-based firm that invests in software startups, just closed its latest fundraising round at $1.7 billion. The firm said the fund was oversubscribed, and closed at its hard cap, bringing in capital from state pension funds, sovereign wealth funds, family offices, endowments, and foundations. Based in Harbor East’s Legg Mason Tower, JMI focuses its investments on B2B software. Via Technical.ly.