Insight Venture Partners Closes New Fund Totaling $2.57 Billion
NEW YORK, NY – Today, Insight Venture Partners announced the closing of Insight Venture Partners VIII, a $2.57 billion private equity fund. Like its predecessor funds, Insight Venture Partners will invest Fund VIII in global software, e-Commerce, internet and data-services businesses. The firm will deploy capital in growth stage and more mature companies, as minority or control transactions. The new fund will continue to execute on Insight’s strategy of helping portfolio companies achieve their long-term operational and financial goals.
“We appreciate the commitment of our investors who continue to support our strategy of focusing on software and technology companies that are scaling and maturing,” said Jeff Horing, co-founder and managing director at Insight Venture Partners. “By combining financial flexibility with our deep industry knowledge and growth-stage operations expertise, Insight plays a unique role in helping unlock value for management teams, employees, customers and investors.”
Commitments from existing investors contributed a majority of the capital in the new fund. The total capital committed to Insight since inception in 1995 is now over $7.6 billion. Insight will continue to seek transaction opportunities worldwide; Fund VIII has the flexibility to invest any amount up to approximately $300 million of equity per transaction.
Insight’s predecessor fund, which closed in 2010, has invested in more than 35 companies, including Airwatch and New Relic (infrastructure software); Kinnser Software and Mimecast Services (SaaS businesses); Despegar and Fanatics (eCommerce); Indiegogo, and Udemy (consumer internet) and Drillinginfo (SaaS data services). Prior fund portfolio investments include ExactTarget (NYSE: ET) and Shutterstock (NYSE: SSTK) which had their initial public offerings in 2012, Trivago, which earlier this year was acquired by Expedia Inc., Flipboard, Kony Solutions, OverDrive and Twitter. More recently, Yahoo! announced a deal to acquire another portfolio company, Tumblr.
About Insight Venture Partners
Insight Venture Partners is a leading global private equity and venture capital firm investing in software, eCommerce, internet and data-services companies. Founded in 1995, Insight has raised more than $7.6 billion and made more than 190 investments worldwide. Our mission is to find, fund and work successfully with visionary executives who are driving change in their industries. We provide them with practical, hands-on growth expertise to foster long-term success. For more information on Insight and all of its investments, visit insightpartners.com