Insight Venture Management, LLC
TypePrivate
IndustryPrivate Equity
Founded1995 (1995)
Founders
  • Jeff Horing
  • Jerry Murdock
HeadquartersNew York City, New York, U.S.
AUMUS$90 billion (2022)[1]
Number of employees
326 (2021)
Websiteinsightpartners.com
Footnotes / references
[2][3]

Insight Partners (previously Insight Venture Partners) is a global venture capital and private equity firm that invests in high-growth technology, software, and Internet businesses.[4][5] The company is headquartered in New York City, with offices in London, Tel Aviv, and Palo Alto.[6][7][8]

In June 2023, Insight Partners was ranked 19th in Private Equity International's PEI 300 ranking of the largest private equity firms in the world.[9]

History

Insight Partners was founded in 1995 by Jeff Horing and Jerry Murdock.[10][11][12] As of December 31, 2022, the firm has over $75 billion in regulatory assets under management. Insight Partners has invested in more than 750 companies worldwide and has seen over 55 portfolio companies achieve an IPO.[3] The firm has an in-house team called Onsite that assists portfolio companies in their growth.[13]

In April 2021, Insight Partners raised $1.56 billion for the Insight Partners Opportunities Fund I LP, a separate fund from its primary growth-investment vehicles.[14] Also in 2021, Insight Partners put $15 million of its capital into a new fund, The Vision Capital 2020 LP Fund, which supports minority-led firms raising early-stage funds.[15] In February 2022, the company announced that it had raised $20 billion for its twelfth flagship fund, more than doubling the size of its previous flagship fund.[16][17] In July 2022, Insight Partners established the Enterprise Technology Exchange (ETX), an advisory group responsible for helping emerging IT companies navigate uncertain markets.[18]

Portfolio

Notable investments include:

  • Calm, a meditation startup, in 2018.[19][20]
  • Checkout.com, a global payments processor, in 2019.[21]
  • OneTrust, with participation in Series A, B, and C funding rounds, valuing the company at $5.1 billion in 2020.[22]
  • nCino, leading Series B and C funding rounds in 2014 and 2015, with the company going public in 2020.[23]
  • Veeam, a data management company acquired for $5 billion in 2020.[24]
  • Wiz, a cloud security company, in 2020.[25][26]
  • JFrog, a software startup, backing its IPO in 2020, followed by 1stdibs' IPO in 2021.[27][28]
  • Diligent Corporation's initiative, pledging to create five new board roles among its portfolio companies for racially diverse candidates in 2020.[29]
  • Kaseya
  • Monday.com and WalkMe, holding a 43% stake in Monday.com and a 32% stake in WalkMe as of June 2021, with a combined ownership value of $3.9 billion.[28][30]
  • Saks.com, taking a minority stake worth $500 million in 2021.[31]
  • Clarify Health, participating in the company's Series D funding round after leading its Series C round.[32]
  • Semperis, a cybersecurity company, increasing its previous investment as part of a $200 million funding round led by KKR in May 2022.[33]
  • Jasper, an AI content platform, leading its latest funding round in October 2022.[34]

Awards

  • Forbes Midas List[35][36]
  • Forbes 30 Under 30: Venture Capital[37]
  • Private Equity International Awards: PEI 300.[38]

See also

References

  1. ↑ Loizos, Connie (24 February 2022). "With new $20B fund, Insight Partners has a stunning $90B in assets under management". TechCrunch.
  2. ↑ "Insight Partners Form ADV" (PDF). U.S. Securities and Exchange Commission. March 25, 2022. pp. 20–21.
  3. 1 2 "PE-backed Appriss Retail recruits Osborne as CEO". PE Hub. 23 March 2023. Retrieved 2023-05-03.
  4. ↑ "Insight Venture Partners Raises A Whopping $2.57 Billion For Next Fund". Tech Crunch. May 28, 2013. Retrieved January 29, 2017.
  5. ↑ "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.
  6. ↑ "Insight Partners' advice for founders in hard times: Beware of debt". Sifted. Retrieved 2023-05-03.
  7. ↑ "Insight Partners opens Tel Aviv office, eyes Israeli tech firms". Reuters. 28 October 2019. Retrieved 2023-05-03.
  8. ↑ "Insight Partners, Venture Capital's 'Sleeping Giant,' Wakes Up". The Information. Retrieved 2023-05-03.
  9. ↑ "PEI 300 | The Largest Private Equity Firms in the World". Private Equity International. 2023-06-01. Retrieved 2023-06-02.
  10. ↑ "Insight Partners Overview". PitchBook. Retrieved 2023-05-03.
  11. ↑ "Jeff Horing". Forbes. Retrieved 2023-05-03.
  12. ↑ "Jerry Murdock". Forbes. Retrieved 2023-05-03.
  13. ↑ "Insight Partners VC helps founders cut 'fluff' to ride out lean times". PitchBook. Retrieved 2023-05-03.
  14. ↑ "Insight Partners Amasses $1.56 Billion for Preferred Equity Deals". The Wall Street Journal. Retrieved 2023-05-03.
  15. ↑ "Insight Partners Invests $15 Million Into Minority-Led Early-Stage Firms". Forbes. Retrieved 2023-05-03.
  16. ↑ "Insight Partners raises $20 bln for twelfth flagship fund". Reuters. 24 February 2022. Retrieved 2023-05-03.
  17. ↑ "Insight Partners raises $20bn". Private Equity International. 25 February 2022. Retrieved 2023-05-03.
  18. ↑ Loten, Angus (15 July 2022). "Insight Partners Links Corporate Tech Chiefs With IT Startups". The Wall Street Journal. Retrieved 2023-05-03.
  19. ↑ "This meditation app is now worth $250 million and has Trump-related stress to thank". CNBC. 26 March 2018. Retrieved 2023-05-03.
  20. ↑ "Calm Raises $27M in Series A Funding Led By Insight Venture Partners". Bloomberg. Retrieved 2023-05-03.
  21. ↑ "Checkout.com triples valuation to $5.5 billion, making it one of Europe's top fintechs". CNBC. Retrieved 2023-05-03.
  22. ↑ "OneTrust nabs $300M Series C on $5.1B valuation to expand privacy platform". TechCrunch. 21 December 2020. Retrieved 2023-05-03.
  23. ↑ "Fintech startup nCino targets ~$2B valuation in impending IPO". TechCrunch. 8 July 2020. Retrieved 2023-05-03.
  24. ↑ "Insight Partners acquires data management company Veeam for $5B". TechCrunch. 9 January 2020. Retrieved 2023-05-03.
  25. ↑ "Zero To $100 Million In Nine Months: Index, Sequoia Back Cybersecurity Company Led By Former Microsoft Execs". Forbes. Retrieved 2023-05-03.
  26. ↑ "Israeli cybersecurity firm Wiz raises $250m, soaring to $6b valuation". The Times of Israel. Retrieved 2023-05-03.
  27. ↑ "IPO Launch: JFrog Proposes Pricey Terms For $405 Million U.S. IPO". TheStreet. 8 September 2020. Retrieved 2023-05-03.
  28. 1 2 "Monday.com and 1stDibs.com File for U.S. IPO". Bloomberg. Retrieved 2023-05-03.
  29. ↑ "Inside The Massive New Effort To Get Minorities On Corporate Boards". Forbes. Retrieved 2023-05-03.
  30. ↑ "Israel bet banks billions for venture firm Insight as Monday.com and WalkMe go public". CNBC. Retrieved 2023-05-03.
  31. ↑ "Saks Fifth Avenue owner spins e-commerce site into separate business". CNBC. 5 March 2021. Retrieved 2023-05-03.
  32. ↑ "Clarify Health clinches $150M series D, boosting valuation to $1.4B". Fierce Healthcare. Retrieved 2023-05-03.
  33. ↑ Hu, Krystal (24 May 2022). "Cybersecurity firm Semperis raises over $200 million in KKR-led round". Reuters. Retrieved 2023-05-03.
  34. ↑ "AI content platform Jasper raises $125M at a $1.5B valuation". TechCrunch. 18 October 2022. Retrieved 2023-05-03.
  35. ↑ "20VC: Lessons Scaling Insight Partners to a $20BN Latest Fund, The Two Biggest Learnings on Price, How to Manage and Train Young People in Venture, Why Business Classrooms Do Not Work and How to Assess the Two Commodities in Life; Money and Time". thetwentyminutevc.com. 28 March 2022. Retrieved 2023-05-03.
  36. ↑ "Deven Parekh". Milken Institute. Retrieved 2023-05-03.
  37. ↑ "The best founders in my portfolio have extreme drive and low egos". Silicon Republic. 20 October 2022. Retrieved 2023-05-03.
  38. ↑ "Top 10 private equity firms in North America". Business Chief. 19 April 2023. Retrieved 2023-05-03.
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