Deven Parekh Proclaims Successful Closing of Insight Venture Partners $2.57 billion Fund XIII

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.