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Servicetrade Receives $85 Million Growth Investment Led By Jmi Equity

Servicetrade Receives $85 Million Growth Investment Led By Jmi Equity

12/06/21, 1:00 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgdurham
Money raised
$85 million
ServiceTrade, the leading provider of software as a service (“SaaS”) applications for commercial service contractors, today announced that it has received an $85 million growth investment led by JMI Equity (“JMI”), a growth equity firm focused on investing in leading software companies. Existing investors Frontier Growth and Bull City Venture Partners also participated in the funding. With the additional capital, ServiceTrade will increase the pace of new product innovations to continue to meet the heightened demand from commercial service contractors.

Company Info

Company
Servicetrade
Location
durham, north carolina, united states
Additional Info
ServiceTrade makes software as a service applications for commercial service contractors. Contractors use ServiceTrade’s mobile and web applications to streamline service operations, sell more services, and engage customers online to earn revenue growth averaging over 23% year-over-year. Since its 2012 founding, ServiceTrade has been trusted by more than 800 commercial contractors to run their service business. Find more at www.servicetrade.com. ABOUT JMI EQUITY JMI Equity is a growth equity firm focused on investing in leading software companies. Founded in 1992, JMI has invested in over 170 businesses in its target markets, successfully completed over 110 exits, and raised more than $6 billion of committed capital. JMI partners with exceptional management teams to help build their companies into industry leaders. For more information, visit www.jmi.com. ABOUT FRONTIER GROWTH Frontier Growth provides support for growth – both investment capital and operational expertise – exclusively for software companies with $5-$30 million in revenue. Frontier was founded with an intentional culture to put People Before Numbers, because it’s people that lead to real growth. With over 20 years of experience and actively investing its 5th fund, Frontier respects that each of their companies represents someone’s life’s work and helps them grow without stifling the innovation that’s made them successful. Visit www.frontiergrowth.com.