JMI Equity and Spectrum Equity led a $100m funding round in Employee Navigator.

JMI Equity, a growth equity firm, and Spectrum Equity, an investment firm, led a $100m funding round in Employee Navigator, a benefits and HR software company. “Looking to the future, our roadmap includes improved support for large employers for whom we can provide superior products at a much lower cost. We are also strategically focused on AI-driven applications, helping brokers scale their internal operations, and developing complementary products for HR departments that are using Employee Navigator,” George Reese, Employee Navigator Founder and CEO.