Shea & Company Advises First Due on its $355 Million Strategic Investment from JMI Equity

First Due Profile

• First Due is the leading all-in-one software platform for public safety agencies; it delivers a unified solution with best-in-class products for fire, EMS, hospital and law enforcement, and has rapidly become a leader in AI-driven public safety technology, enabling faster decision making, greater operational readiness and better response outcomes
• First Due powers operations for over 3,000 agencies across all local, state/provincial and federal segments in the United States and Canada
• The Company’s major customers include the State of Michigan, City of Charlotte, San Bernardino County, City of Hamilton, ON and several federal agencies including the Department of Defense
• First Due was founded in 2016 and is headquartered in Garden City, NY

JMI Equity Profile

• JMI Equity is a leading growth equity software investor based in the greater DC area and San Diego
• With a focus on software companies, JMI has collaborated with countless entrepreneurs, founder-owners and management teams, investing in more than 190 companies since its inception; to date, the firm has completed more than 120 exits and facilitated 19 IPOs
• JMI’s portfolio of industry-leading cloud software companies represents $10 billion in combined revenue, $84 billion in aggregate enterprise value and over 38,000 jobs
• The firm was founded in 1992 and is headquartered in Baltimore, MD

TCV Profile

• TCV is a leading investment firm focused on investing in global, category-defining, technology companies
• Leveraging its deep industry expertise and strategic resources, TCV’s mission is to provide long-term capital and support to high-quality management teams across their growth journey
• TCV has invested over $21 billion in more than 350 technology companies worldwide and has supported over 150 IPOs and strategic acquisitions
• The firm was founded in 1995 and is headquartered in Menlo Park, CA

Serent Capital Profile

• Serent Capital is a growth-focused private equity firm investing in capital-efficient, B2B SaaS and technology companies
• From its founding, Serent set out to build a distinctly different firm that prioritizes founders and their companies and provides true hands-on resources through its 25+ person Growth Team; this team is equipped with a wide range of resources to help companies accelerate growth
• With $5 billion of assets under management, the firm has partnered with over 60 founder-led, industry-changing companies and offers unparalleled hands-on operational support