JMI Equity (JMI), a growth equity firm focused on investing in software companies has led a USD85 million growth investment in ServiceTrade, a provider of software as a service (SaaS) applications for commercial service contractors.
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.