JMI Equity invests $40 mln in RainFocus
01/14/2019|11:58:25 AM|PE Hub

RainFocus, the leading Event Marketing Platform, today announced it has secured a $40 million strategic growth investment from JMI Equity, a growth equity firm focused on investing in leading software companies. The funding will be used to accelerate and broaden product development efforts, expand RainFocus’ global organization, and further other strategic initiatives.

“The value of our partnership with JMI Equity was immediately apparent,” said JR Sherman, CEO of RainFocus. “The culture and team at JMI are uniquely suited and equipped to augment our strong leadership team, guide implementation of scalable infrastructure, and fuel our growth. JMI’s extensive history of success in the SaaS space made them the ideal partner for the disruptive strategy at RainFocus.”

The funding enables RainFocus to focus on strategic growth and development in multiple areas:

•  Acquire top industry leaders for the RainFocus executive team.

•  Expand teams to further accelerate agile and innovative development of the RainFocus Event Marketing Platform.

•  Build a high-performance organization and intelligent growth engine

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