# JMI Equity invests more than $120M in Greenlight Guru

Source: https://bestqmssoftware.com/news/greenlight-guru-jmi-equity-investment/
By Tom Muller, updated October 6, 2026


"Software-focused growth investment firm JMI Equity invested more than $120 million" in Greenlight Guru, MedCity News reported in June 2021.[^medcity] Greenlight Guru's earlier funding was a $1.25 million seed round from individual angel investors in 2015.[^finsmes]

Since the investment, Greenlight Guru has bought four companies: Vertex Intelligence (May 2022), SMART-TRIAL (June 2022), Ultralight Labs (June 2025) and Enzyme (July 2025).[^press] In June 2025 it still described itself as "Backed by JMI Equity".[^ultralight-pr] Ownership percentages aren't public.

## What it means for buyers

Our [Greenlight Guru review](/reviews/greenlight-guru/) notes that the agreement lets Greenlight Guru raise fees at each renewal with 90 days' notice and no cap, and that its pricing page has shown a starting price only since 2026.

[^medcity]: [MedCity News: JMI Equity invests more than $120M in startup to help medical device companies navigate regulatory hurdles](https://medcitynews.com/2021/06/jmi-equity-invests-more-than-120m-in-startup-to-help-medical-device-companies-navigate-regulatory-hurdles/). Trade press, June 2021, checked 1 Oct 2026.
[^finsmes]: [FinSMEs: greenlight.guru closes $1.25M seed funding](http://www.finsmes.com/2015/02/greenlight-guru-closes-1-25m-seed-funding.html). Trade press, Feb 2015, checked 1 Oct 2026.
[^press]: [Greenlight Guru: Press](https://www.greenlight.guru/press). Vendor website, checked 1 Oct 2026.
[^ultralight-pr]: [Greenlight Guru acquires Ultralight Labs](https://www.greenlight.guru/greenlight-guru-acquires-ultralight-labs). Vendor press release, 17 Jun 2025, checked 1 Oct 2026.