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The Venture Codex

Overview

Growth equity firm investing in software companies.

Founded

1992

Deals ยท 12mo

4

Stage focus

Series C

Geographic focus

Canada
United States

Sector focus

Finance
Financial Services
Venture Capital

Investment portfolio

72rounds
NAMEDATESIZE
Archy
Sep 2026Led
$50 MSeries C
Gaiia
May 2026Led
$40 MSeries B
Clio
Nov 2025Participated
$850 MSeries G
Vantaca
Oct 2025Participated
$300 MOther Equity
EdSights
Sep 2025Led
$80 MOther Equity
Ontic
Aug 2025Participated
$230 MSeries C
First Due
Aug 2025Led
$355 MOther Equity
Employee Navigator
Aug 2025Led
$100 MOther Equity
Boulevard
Jul 2025Led
$80 MSeries D
DoorLoop
Nov 2024Led
$100 MSeries B
Clio
Jul 2024Participated
$900 MSeries F
Huntress
May 2023Participated
$60 MSeries C
Archy
Sep 2026Led
$50 MSeries C
Gaiia
May 2026Led
$40 MSeries B
Clio
Nov 2025Participated
$850 MSeries G
Vantaca
Oct 2025Participated
$300 MOther Equity
EdSights
Sep 2025Led
$80 MOther Equity
Ontic
Aug 2025Participated
$230 MSeries C
First Due
Aug 2025Led
$355 MOther Equity
Employee Navigator
Aug 2025Led
$100 MOther Equity
Boulevard
Jul 2025Led
$80 MSeries D
DoorLoop
Nov 2024Led
$100 MSeries B
Clio
Jul 2024Participated
$900 MSeries F
Huntress
May 2023Participated
$60 MSeries C
72
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Insights

Time horizon

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Deal Distribution

JMI Equity: 72 funding rounds are recorded in the selected participation categories.All available history.
JMI Equity: 72 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Series A10
Series B91
Series C+1611
Other Equity284
Debt11

Monthly Deal Activity

JMI Equity: 72 deals are recorded across 195 months.All available history.
JMI Equity: 72 deals are recorded across 195 months. All available history
MonthDeals
Aug '101
Sep '100
Oct '100
Nov '100
Dec '100
Jan '111
Feb '110
Mar '110
Apr '111
May '110
Jun '110
Jul '111
Aug '111
Sep '110
Oct '111
Nov '110
Dec '110
Jan '121
Feb '120
Mar '120
Apr '120
May '120
Jun '120
Jul '120
Aug '120
Sep '120
Oct '120
Nov '120
Dec '120
Jan '130
Feb '131
Mar '131
Apr '130
May '130
Jun '130
Jul '130
Aug '130
Sep '130
Oct '130
Nov '130
Dec '130
Jan '140
Feb '141
Mar '140
Apr '140
May '140
Jun '140
Jul '140
Aug '140
Sep '140
Oct '140
Nov '140
Dec '140
Jan '151
Feb '150
Mar '151
Apr '150
May '150
Jun '151
Jul '151
Aug '152
Sep '150
Oct '151
Nov '151
Dec '151
Jan '160
Feb '160
Mar '160
Apr '160
May '161
Jun '160
Jul '160
Aug '161
Sep '161
Oct '160
Nov '162
Dec '160
Jan '170
Feb '171
Mar '170
Apr '170
May '170
Jun '171
Jul '170
Aug '170
Sep '170
Oct '170
Nov '170
Dec '170
Jan '180
Feb '181
Mar '180
Apr '181
May '181
Jun '180
Jul '181
Aug '180
Sep '180
Oct '180
Nov '180
Dec '181
Jan '193
Feb '191
Mar '190
Apr '190
May '190
Jun '190
Jul '190
Aug '190
Sep '191
Oct '191
Nov '190
Dec '190
Jan '200
Feb '200
Mar '200
Apr '201
May '201
Jun '200
Jul '200
Aug '200
Sep '200
Oct '200
Nov '200
Dec '200
Jan '213
Feb '210
Mar '211
Apr '211
May '211
Jun '211
Jul '212
Aug '211
Sep '211
Oct '212
Nov '212
Dec '212
Jan '220
Feb '220
Mar '221
Apr '220
May '220
Jun '222
Jul '220
Aug '220
Sep '220
Oct '220
Nov '220
Dec '220
Jan '230
Feb '230
Mar '231
Apr '230
May '231
Jun '230
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '240
Feb '240
Mar '240
Apr '240
May '240
Jun '240
Jul '241
Aug '240
Sep '240
Oct '240
Nov '241
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '251
Aug '253
Sep '251
Oct '251
Nov '251
Dec '250
Jan '260
Feb '260
Mar '260
Apr '260
May '261
Jun '260
Jul '260
Aug '260
Sep '261
Oct '260

Sector Breakdown

JMI Equity: Enterprise Software is the largest displayed sector by deal count (50 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

JMI Equity: Enterprise Software is the largest displayed sector by deal count (50 deals). All available history
SectorDeals
Enterprise Software50
Professional Services21
Networks, Cloud & Communication19
Data, Analytics & IT15
Marketing & Advertising13
Education & Workforce11
Cybersecurity & Privacy10
Health & Life Sciences8
AI & Machine Learning7
Fintech6
Government & Defense5
E-Commerce & Retail5
Real Estate & Construction4
Hardware & Robotics4
Social & Community Platforms3
Developer Tools3
Media & Entertainment2
Food & Agriculture2
Clean Energy & Sustainability1
Consumer & Lifestyle1
Manufacturing1

Deal Size Distribution

JMI Equity: 72 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

JMI Equity: 72 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M0
$5M-$10M2
$10M-$25M4
$25M-$50M30
$50M-$100M20
$100M-$250M10
$250M-$500M4
$500M-$1B2
$1B+0

Deals By Geography

JMI Equity: United States has the largest recorded deal count among the displayed regions (58 deals).All available history.

Top 5 of 5 regions; European countries are grouped as Europe.

JMI Equity: United States has the largest recorded deal count among the displayed regions (58 deals). All available history
RegionDeals
United States58
Canada10
Europe2
Australia1
Singapore1
JMI Equity: 20 co-investors are shown, with TCV sharing 5 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Investment Strategy

JMI Equity: Led accounts for 76% and participating for 24% of round participation.All available history.
JMI Equity: Led accounts for 76% and participating for 24% of round participation. All available history
CategoryDeals (count)Share (%)
Led5576%
Participating1724%
JMI Equity: Single-lead accounts for 84% and co-led for 16% of lead dynamics.All available history.
JMI Equity: Single-lead accounts for 84% and co-led for 16% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead4684%
Co-led916%

Team

Chase Thomet

Principal

Harry Gruner

Founder and Managing General Partner

Mac Williams

Principal

Maggie Schmitt

Partner and CFO

Matt Emery

General Partner

Sureel Sheth

Principal