Deven Parekh is a managing director at Insight Venture Partners and joined the firm in 2000. Deven manages investments in e-commerce, consumer internet data, and application software businesses on a global basis. Notable previous companies in Deven’s portfolio have included Buddy Media (acquired by SalesForce, NASDAQ: CRM), Football Fanatics (acquired by GSI Commerce, later acquired by eBay), Media Mind (IPO), Procuri (acquired by Ariba, NASDAQ: ARBA), Russian Trading System (merged with MICEX), Tumblr (acquired by Yahoo!) and Website Pros (IPO). Deven is a global investor, actively working with investments in China, Latin America, Europe and Russia.
Deven is a current investor and member of the Board of Directors for data services companies (eVestment, Drillinginfo), eCommerce companies (360Buy, Despagar, Fanatics, Hayneedle, Newegg), SaaS/application software businesses (ECi Solutions, Kony Solutions, SRLabs) as well as Syncsort (big data), Chegg (education), and Twitter (social media).
Deven was previously a Principal at Berenson Minella & Company, a New York based merchant banking firm where he served on the firm’s M&A Committee. Prior to Berenson Minella, Deven was with The Blackstone Group, where he was involved in both M&A advisory and principal activities.
In 2014 Deven was selected by AlwaysOn as a Venture Capital 100 winner for his investments in Twitter and Chegg. In 2010 Deven was part of a US delegation of several investors, government representatives, and technology companies that visited Russia to explore investment and technology collaboration opportunities between the United States and Russia. He is a Member of the Technical Advisory Council of the Federal Communications Commission (FCC) which assists the Commission with developing informed technology policies supporting America’s competitiveness and job creation in the global economy. During the period 2010–2012, Deven served as a Member of the Advisory Board of the U.S. Export-Import Bank which is the official export credit agent of the United States. In 2006, Deven was named a Henry Crown Fellow of The Aspen Institute, which seeks to develop the next generation of community spirited leaders.
Deven is a Member of the Board of Publicolor (which he chaired from 2007 – 2012), a New York City based non-profit organization that focuses on inner city schools. He is also Treasurer and Member of the Board of Governors of the National Academy Museum. He is a Member of the Board of the New York MS Research Center. Deven is a member of the Greater NY Partnership, which pairs business executives with non-profit executive directors. The Partnership is an initiative of the Mayor’s Fund to Advance New York City. Deven is also a member of the Economic Club of New York. Deven received a BS in Economics from the Wharton School at the University of Pennsylvania.