Deven Parekh, via Insight Venture Partners, announced that the Company recently raised $2.57 billion for Fund XIII. It is the firm’s eighth fund since its establishment in 1995. This is one of the biggest funds ever raised.
Insight Venture Partners is headquartered in New York City. It is a leading venture capital and private equity company. It invests in Software as a Service (SaaS)-based software and data services, on-premise, Internet, and eCommerce organizations.
Insight Venture Partners had raised $1.5 billion for a fund plus a $500 million co-investment vehicle in its most recent fund before this one. To this point, Insight has raised a collective $7.6 billion. This new fund raise allows Insight Venture Partners to issue checks that are up to $300 million in total. The Company reaches and tracks around 30,000 companies yearly. Insight, through Deven Parekh, its additional managing directors, and over 50 employees, makes 10-20 investments annually.
Deven Parekh, by way of Insight Venture Partners, has announced the company’s investment in Campaign Monitor. Launched in 2004, Campaign Monitor is an international leader in SaaS -based design and email marketing methods. Insight invested US$250 million in this company. This is Campaign Monitor’s first round of financing.
Mr. David Greiner and Mr. Ben Richardson are Co-Founders of Campaign Monitor. In excess of one hundred thousand paying customers in 170 nations count on Campaign Monitor to manage their email marketing. Campaign Monitor is a major email marketing option for leading global companies, creative agencies, as well as high-growth businesses.
Insight and Deven Parekh work to locate, finance, and work productively with forward thinking executives who are driving change in their respective industries. Mr. Parekh and Insight provide these businesses and their executives with practical, hands-on growth expertise to cultivate long-term success. Deven and Mr. Nikitas Koutoupes (Insight Venture Partners Managing Directors) as well as associate Mr. Dan May, will join Campaign Monitor’s Board of Directors.
AlwaysOn has selected a couple of Managing Directors from Insight Venture Partners as Venture Capital 100 winners. These two are Deven Parekh and Jeff Lieberman. The Venture Capital 100 (VC100) winners for 2013 were chosen by their peers. These peers include investors, bankers, journalists, as well as industry insiders. AlwaysOn is the foremost business media brand name. AlwaysOn informs as well as connects the entrepreneurial circle within the Global Silicon Valley.
Mr. Parekh joined Insight Venture Partners in January 2000. He’s served as a Director since January 2004. Mr. Lieberman joined Insight in 1998. Before joining the Company, he had been a management consultant for McKinsey & Co. During his career there, he concentrated on strategic and operating matters in the consumer products, financial services, and technology industries.
The 2013 choice of Deven Parekh by AlwaysOn acknowledged as noteworthy his investments in Twitter and Chegg. Mr. Lieberman’s selection recognized as prominent his investment in Cvent. Deven, Jeff and all the winners were decided on from amongst numerous men and women in the global technology entrepreneurial community.
Deven Parekh of Insight Venture Partners announced previously in 2014 the hire of Euan Menzies as Venture Partner. This is part of the firm’s strategy to develop its multi-disciplinary approach to investment and portfolio company management. Mr. Menzies is the former Chief Executive Officer of Vertafore, Inc. He functioned in this capacity from 2001 until October of 2013.
Euan Menzies will provide strategic guidance to Insight Venture Partner professionals during the entire investment process. In addition, he will give advice to portfolio company executives on management, operations, growth strategy, and Mergers & Acquisitions. He will perform this while assisting the company’s senior investment partners and Insight’s operations team of business executives.
Deven Parekh, managing director at Insight, explained, “Euan’s appointment to Venture Partner fits with our approach of deepening Insight’s software, operational and management expertise. We are thrilled to have him on our team.” Euan Menzies has worked in the software industry since the early 1990s. He’s got a record of driving business transformation and innovation.
Deven Parekh is Managing Director at Insight Venture Partners. This firm has its headquarters in New York City. Insight is a major venture capital and private equity firm. He manages investments in e-commerce, consumer internet data, as well as application software companies. This year, Mr. Parekh debuted high on the Forbes Midas List. He is a graduate from the Wharton School. He is on the Board of Directors at Fanatics, which is an online retailer for sports merchandise.
Deven Parekh had a 2009 investment in Twitter and investments in Chegg, Tumblr and Flipboard. Furthermore, he helped in directing Tumblr to its sale to Yahoo last year. Moreover, he achieved success with BuddyMedia: BuddyMedia was acquired by Salesforce in 2012 for $785 million. Additionally, in 2012, he guided a $165 million equity investment in Drilling Info. They are an Austin, Texas-based data intelligence provider for the gas and oil industry.
Insight Venture Partners today announced that managing directors Deven Parekh and Jeff Lieberman have been chosen by AlwaysOn as two of the Venture Capital 100 winners for 2013. The VC100 list honors the most influential people in the VC industry who support entrepreneurs that are building profitable technology companies.
The 2013 VC100 winners were nominated by their peers—investors, bankers, journalists, and industry insiders—and selected from among hundreds of individuals in the global technology entrepreneurial community. The AlwaysOn editorial team conducted a rigorous three-month selection process to finalize the 2013 list.
Deven Parekh joined Insight Venture Partners in 2000 and invests in e-commerce, consumer internet and application software businesses. His 2013 selection recognized as notable his investments in Twitter and Chegg. Jeff Lieberman joined the firm in 1998 and focuses on consumer internet and SaaS business investments. Jeff’s selection recognized his investment in Cvent as notable.
Mr. Parekh and Mr. Lieberman along with the VC100 were honored at AlwaysOn’s eighth annual Venture Summit Silicon Valley, February 13th, at Draper University in San Mateo, CA.
Furthermore, Deven Parekh serves as a Director on the Board of Chegg. Chegg’s concept is money-saving, rental access to textbooks. They are one of the Internet’s fastest growing new companies and the leading online textbook rental company. For each book rented, Chegg plants a tree via American Forest’s Global ReLeaf Program.
Deven Parekh is on the Hayneedle Board as a Director. Hayneedle, Inc. operates as an internet retail business. They feature home and lifestyle products. Hayneedle was founded in 2002 and they have their head office in Omaha, Nebraska.
Deven Parekh and the Insight team concentrate on forward thinking and cutting-edge enterprises. Global software, technology-driven services and Internet organizations benefit from Insight’s substantial business expertise. The organization is one of the fastest growing venture capital and private equity organizations.
Founded in 1995 by Jerry Murdock and Jeff Horing, Insight Venture Partners presently has a capital base of approximately $3 billion. As a Partner and Managing Director at the firm, Deven Parekh focuses exclusively on Internet-enabled and software businesses.