Insight Partners

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Insight Venture Management, LLC
TypePrivate
IndustryPrivate Equity
Founded1995
FoundersJeff Horing
Jerry Murdock
HeadquartersNew York City, New York, U.S.
AUM$30 billion
Number of employees
150+
Websiteinsightpartners.com

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.[1][2]

History[edit]

Insight Partners was founded in 1995 by Jeff Horing and Jerry Murdock. Insight Partners raised more than $30 billion[3] in capital commitments, including $9.5 billion in its Fund XI in 2020.[4][5] In March 2019, Insight Venture Partners changed its name to Insight Partners.[6] In October 2019, the firm established an office in Tel Aviv. [7] 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.[8][9]

In 2020, Insight Partners backed software startup JFrog's initial public offering (PO),[10] followed by 1stdibs' IPO in 2021.[11] 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.[12] 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.[13] Also in 2021, Insight Partners put up $500 million to take a minority stake in Saks.com.[14] 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.[15]

Insight Partners was on the Forbes Midas List,[16] Forbes 30 Under 30: Venture Capital[17] and the Private Equity International Awards: PEI 300.[18] In 2017, Business Insider ranked Insight Partners #7 on the outlet's list of most prominent venture capital investors in Europe.[19]

See also[edit]

References[edit]

  1. ^ "Insight Venture Partners Raises A Whopping $2.57 Billion For Next Fund". Tech Crunch. May 28, 2013. Retrieved January 29, 2017.
  2. ^ "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.
  3. ^ "Bullhorn Partners with Insight Ventures to Power Next Phase of Its Growth". www.businesswire.com. 23 October 2017. Retrieved 2017-12-08.
  4. ^ "Insight Venture Partners rakes in $4.75B for two new funds". New York Business Journal. Aug 11, 2015. Retrieved March 23, 2017.
  5. ^ 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.
  6. ^ Lunden, Ingrid. "PayIt, a payments platform designed for public services, raises $100M+ from Insight Partners". TechCrunch. Retrieved 2019-04-10.
  7. ^ Louch, William (28 October 2019). "Insight Partners Opens Its Doors in Tel Aviv Amid Tech Boom". WSJ Pro Private Equity. Retrieved 30 October 2019.
  8. ^ Gara, Antoine. "Inside The Massive New Effort To Get Minorities On Corporate Boards". Forbes. Retrieved 2020-11-23.
  9. ^ "Modern Governance Requires Modern Leadership". diligent.com. Retrieved 2020-11-23.
  10. ^ "Sunnyvale-based JFrog's stock and valuation jumps after IPO scores $510M". Silicon Valley Business Journal. Retrieved 2021-09-17.
  11. ^ "Monday.com and 1stDibs.com File for U.S. IPO". Bloomberg. Retrieved 2021-09-17.
  12. ^ "Insight Partners Amasses $1.56 Billion for Preferred Equity Deals". The Wall Street Journal. Retrieved 2021-09-17.
  13. ^ "Israel bet banks billions for venture firm Insight as Monday.com and WalkMe go public". CNBC. Retrieved 2021-09-17.
  14. ^ "Saks Fifth Avenue Owner to Separate E-Commerce and Stores Units". The Wall Street Journal. Retrieved 2021-09-17.
  15. ^ "Insight Partners Invests $15 Million Into Minority-Led Early-Stage Firms". Forbes. Retrieved 2021-09-17.
  16. ^ "Midas List 2019". Forbes. Retrieved 2020-01-28.
  17. ^ "30 Under 30 2017: Venture Capital". Forbes. Retrieved 2020-01-28.
  18. ^ "PEI 300 | Top private equity firms". Private Equity International. Retrieved 2020-01-28.
  19. ^ Price, Rob. "RANKED: The 22 most prominent venture capital investors in Europe in 2017". Business Insider. Retrieved 2020-01-28.

External links[edit]