JMI Equity Leads $85M Growth Investment in ServiceTrade
December 6, 2021
ServiceTrade, a Durham-based SaaS provider for commercial service contractors, received an $85 million growth investment led by JMI Equity with participation from existing investors Frontier Growth and Bull City Venture Partners. The capital will accelerate product innovation and support ServiceTrade’s growth as it serves more than 800 contractor customers and the technicians who manage critical fire, mechanical, and electrical systems.
- Buyers
- JMI Equity, Frontier Growth, Bull City Venture Partners
- Targets
- ServiceTrade
- Sellers
- Frontier Growth
- Industry
- Cloud & SaaS
- Location
- North Carolina, United States
- Transaction Type
- Growth capital
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