Insight Partners Closes $1.56B Opportunities Fund to Support Market-Leading Software Companies
New York, NY April 14, 2021 – Global software investor, Insight Partners, today announced the final close of Insight Partners Opportunities Fund I (“Opportunities Fund” or the “Fund”), a logical evolution in its support of the world’s leading software ScaleUps - early to late-stage companies focused on rapid growth and operational excellence. The Fund closed at $1.56B with strong support from existing and new Limited Partners.
Insight views the Fund as a natural extension of its established platform, providing flexible financing solutions to high-quality, market leading software companies. Insight’s flagship funds generally provide growth capital to companies graduating from the startup phase and preparing for the difficult ScaleUp stage of growth, through to buyouts where executives and founders want the financial support with the operational support of a strategic investor. The Opportunities Fund, the first principal fund outside of Insight’s flagship, will provide established industry leaders and their investors with alternative financing solutions, allowing them to continue their growth trajectory while bolstering their balance sheet. In the short-term, the Fund expects to focus on structured preferred equity investments.
The Fund’s first investment supports CommerceHub, a market leader in eCommerce solutions, whose software helps over 15,000 retailers, brands, and distributors achieve more than $30 billion in Gross Merchandise Value annually.
“For over 25 years, we have focused on investing in the world’s most transformative software companies. Our approach has always been to be immersed in the sector, listening to what companies need, and investing where we know we can provide financial and operational support to help entrepreneurs and their teams reach their full potential,” said Deven Parekh, Insight Partners Managing Director. “We are excited to partner with a select group of established software visionaries, like CommerceHub, to help them continue to scale and further our commitment to being the best partner for companies at different milestones on their growth journey.”
“CommerceHub is at a unique stage of our growth journey, as despite our size and stature, the business remains hyper-focused on driving new growth channels for enterprise retailers and brands,” said Frank Poore, CommerceHub Founder and Major Shareholder. “To partner with a world-class investor like Insight Partners through their Opportunities Fund enables us to continue to focus on expanding our business and technology to reach even more customers.”
“We have had the privilege of working alongside many of our industry peers investing in growth rounds, and we are pleased to bring to market another fund through which we can continue to partner in the long-term success of global software leaders,” said Cian Cotter, Insight Partners Managing Director. “We are grateful for the continued support of our Limited Partners and their appreciation of Insight’s commitment to the sector.”
About Insight Partners
Insight Partners is a leading global venture capital and private equity firm investing in high-growth technology and software ScaleUp companies that are driving transformative change in their industries. Founded in 1995, Insight Partners has invested in more than 400 companies worldwide and has raised through a series of funds more than $30 billion in capital commitments. Insight’s mission is to find, fund, and work successfully with visionary executives, providing them with practical, hands-on software expertise to foster long-term success. Across its people and its portfolio, Insight encourages a culture around a belief that ScaleUp companies and growth create opportunity for all. For more information on Insight and all its investments, visit insightpartners.com or follow us on Twitter @insightpartners.
