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Insight Venture Partners Source: en.wikipedia.org/wiki/Insight_Venture_Partners

Insight Venture Management, LLC
TypePrivate
IndustryPrivate Equity
Founded1995; 27 years ago (1995)
Founders
  • Jeff Horing
  • Jerry Murdock
HeadquartersNew York City, New York, U.S.
AUMUS$97.4 billion (2021)
Number of employees
326 (2021)
Websiteinsightpartners.com
Footnotes / references
[1]

Insight Partners (previously Insight Venture Partners) is an American venture capital and private equity firm based in New York City. The firm invests in growth-stage technology, software and Internet businesses.[2][3]

History[edit]

Insight Partners was founded in 1995 by Jeff Horing and Jerry Murdock. Insight Partners raised more than $90 billion[4] in capital commitments, including $20 billion in its Fund XII in 2021.[5][6] In March 2019, Insight Venture Partners changed its name to Insight Partners.[7] In October 2019, the firm established an office in Tel Aviv.[8] In 2020, Insight Partners joined Diligent Corporation's initiative and pledged to create five new board roles among its portfolio companies for racially diverse candidates.[9][10]

In 2020, Insight Partners backed software startup JFrog's initial public offering (IPO),[11] followed by 1stdibs' IPO in 2021.[12] In April 2021, Insight Partners raised $1.56 billion for the Insight Partners Opportunities Fund I LP, a new fund outside of its flagship growth-investment vehicles.[13] As of June 2021, Insight Partners is the biggest investor in Monday.com and WalkMe, owning a 43% stake in Monday.com and 32% of WalkMe, with a combined ownership worth $3.9 billion.[14] Also in 2021, Insight Partners put up $500 million to take a minority stake in Saks.com.[15] Insight Partners also put $15 million of its own capital into an additional new fund, called The Vision Capital 2020 LP Fund. The Vision 2020 LP Capital Fund backs minority led firms raising early-stage funds.[16] In February 2022, Insight Partners announced it had raised $20 billion for its twelfth flagship fund, more than doubling the size of its previous flagship fund.[17][18] In May 2022, as part of a $200 million funding round led by KKR, Insight Partners increased its previous investment in the cybersecurity company and speculated unicorn Semperis.[19]

Insight Partners was on the Forbes Midas List,[20] Forbes 30 Under 30: Venture Capital[21] and the Private Equity International Awards: PEI 300.[22] In 2017, Business Insider ranked Insight Partners #7 on the outlet's list of most prominent venture capital investors in Europe.[23]

See also[edit]

References[edit]

  1. ^ "Insight Partners Form ADV" (PDF). U.S. Securities and Exchange Commission. March 25, 2022. pp. 20–21.
  2. ^ "Insight Venture Partners Raises A Whopping $2.57 Billion For Next Fund". Tech Crunch. May 28, 2013. Retrieved January 29, 2017.
  3. ^ "Insight Venture Partners Closes Sixth Fund at USD1.25bn". Press release. Private Equity Wire. June 27, 2007. Archived from the original on September 22, 2008. Retrieved January 29, 2017.
  4. ^ "Bullhorn Partners with Insight Ventures to Power Next Phase of Its Growth". www.businesswire.com. 23 October 2017. Retrieved 2017-12-08.
  5. ^ "Insight Venture Partners rakes in $4.75B for two new funds". New York Business Journal. Aug 11, 2015. Retrieved March 23, 2017.
  6. ^ Cooper, Laura (2020-04-03). "Insight Partners Raises $9.5 Billion to Invest in Software Businesses". Wall Street Journal. ISSN 0099-9660. Retrieved 2020-06-29.
  7. ^ Lunden, Ingrid. "PayIt, a payments platform designed for public services, raises $100M+ from Insight Partners". TechCrunch. Retrieved 2019-04-10.
  8. ^ Louch, William (28 October 2019). "Insight Partners Opens Its Doors in Tel Aviv Amid Tech Boom". WSJ Pro Private Equity. Retrieved 30 October 2019.
  9. ^ Gara, Antoine. "Inside The Massive New Effort To Get Minorities On Corporate Boards". Forbes. Retrieved 2020-11-23.
  10. ^ "Modern Governance Requires Modern Leadership". diligent.com. Retrieved 2020-11-23.
  11. ^ "Sunnyvale-based JFrog's stock and valuation jumps after IPO scores $510M". Silicon Valley Business Journal. Retrieved 2021-09-17.
  12. ^ "Monday.com and 1stDibs.com File for U.S. IPO". Bloomberg. Retrieved 2021-09-17.
  13. ^ "Insight Partners Amasses $1.56 Billion for Preferred Equity Deals". The Wall Street Journal. Retrieved 2021-09-17.
  14. ^ "Israel bet banks billions for venture firm Insight as Monday.com and WalkMe go public". CNBC. Retrieved 2021-09-17.
  15. ^ "Saks Fifth Avenue Owner to Separate E-Commerce and Stores Units". The Wall Street Journal. Retrieved 2021-09-17.
  16. ^ "Insight Partners Invests $15 Million Into Minority-Led Early-Stage Firms". Forbes. Retrieved 2021-09-17.
  17. ^ "Insight Partners' Deven Parekh Reflects on Tech Investing With $20 Billion to Spend". The Wall Street Journal. Retrieved 2022-06-03.
  18. ^ "With new $20B fund, Insight Partners has a stunning $90B in assets under management". TechCrunch. Retrieved 2022-06-03.
  19. ^ Hu, Krystal (2022-05-24). "Cybersecurity firm Semperis raises over $200 million in KKR-led round". Reuters. Retrieved 2022-06-30.
  20. ^ "Midas List 2019". Forbes. Retrieved 2020-01-28.
  21. ^ "30 Under 30 2017: Venture Capital". Forbes. Retrieved 2020-01-28.
  22. ^ "PEI 300 | Top private equity firms". Private Equity International. Retrieved 2020-01-28.
  23. ^ Price, Rob. "RANKED: The 22 most prominent venture capital investors in Europe in 2017". Business Insider. Retrieved 2020-01-28.

External links[edit]