Insight Closes Fund 8
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Insight Closes Fund 8

Insight Venture Partners has closed its eight fund, Insight Venture Partners VIII, with $2.57 billion of capital commitments. Commitments from existing investors contributed a majority of the capital in the new fund.

Insight Venture Partners VIII will invest up to $300 million of equity per transaction in 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.

“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.”

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 and Shutterstock which had their initial public offerings in 2012; Trivago, which earlier this year was acquired by Expedia; Flipboard, Kony Solutions, OverDrive and Twitter. More recently, Yahoo! announced a deal to acquire another portfolio company, Tumblr.

Insight Venture Partners makes expansion and late stage investments in software, e-Commerce, internet and data-services businesses. Founded in 1995, Insight has raised more than $7.6 billion and made more than 190 investments. The firm is headquartered in New York (www.insightpartners.com).

© 2013 PEPD • Private Equity’s Leading News Magazine • 5-30-13

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