Deven Parekh Announces Completion of Insight Venture Partners $2.57 billion Fund XIII

Deven Parekh, through Insight Venture Partners, has announced that the Company recently raised $2.57 billion for Fund XIII. This is the company’s eighth fund since its establishment in 1995. This is among the largest funds ever raised.

Insight Venture Partners is headquartered in NYC. Insight is a top private equity and venture capital company. It invests in eCommerce, Internet, on-premise, as well as Software as a Service (SaaS)-based software and data-services firms.

Insight Venture Partners had raised $1.5 billion for a fund plus a $500 million co-investment vehicle in its most recent fund prior to this particular one. So far, the firm has raised a collective $7.6 billion. This new fund raise makes it possible for Insight to issue checks, which are up to $300 million in total. The Company reaches and tracks roughly 30,000 companies annually. Insight, via Deven Parekh, its additional managing directors, and more than fifty employees, makes 10-20 investments yearly.

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