Insight Partnersknown for betting on firms resembling Wizard, Fanatics AND Shopifyraised $12.5 billion for its thirteenth flagship fund and structured equity fund, Opportunities Fund II.
The total funding means the new flagship fund can be smaller than its predecessor – which was $20 billion.
“For 30 years, Insight Partners has been more than an investor – we have partnered with software leaders, helping them turn disruptive ideas into global powerhouses,” he said Jeff Hornco-founder and managing director at Insight, w release. “Fund XIII is a testament to the trust we have built with our founders, limited partners and team.”
Mega funds
Although many VC firms have registered complaints about their inability to supply liquidity to their limited partners in the current market, many have had no problems raising funds for new funds.
Partners of the Lightspeed enterprise — investor like Snap, Nest Laboratories AND Stripe — is raising money for three new funds with a total value of roughly $7 billion, Information provided end of last yr. Only in March last yr Andreessen Horowitz raised $7.2 billion for its new funds.
The Financial Times. in September reported Insight Partners was near creating a new fund value greater than $10 billion.
Insight Partners currently manages over $90 billion in assets. Its flagship funds, including the new Fund XIII, typically invest in firms valued between $5 million and $500 million.
According to Crunchbase dataInsight Partners made 63 investments last yr. While this number could appear high, Insight made 79 investments in the first quarter of 2022 alone, contributing to the frenzy of ventures and high valuations that dominated the market at the time.
Late last yr, Insight took part Data cubes“An enormous $10 billion round at a $62 billion valuation – the largest enterprise capital raise of 2024 and one of the largest in history.