, known for its bets on companies such as , and , raised $12.5 billion for its 13th flagship fund and a structured equity fund — Opportunities Fund II.
The total for the funds means the new flagship fund will be smaller than its predecessor — which was $20 billion.
“For 30 years, Insight Partners has been more than an investor — we have been a partner to software leaders, helping them scale transformative ideas into global powerhouses,” said , co-founder and managing director at Insight, in a . “Fund XIII is a testament to the trust we’ve built with our founders, limited partners and team.”
Mega funds
Despite many VC firms registering complaints about the inability to get liquidity to their limited partners in the current market, many have not had problems raising cash for new funds.
— an investor in the likes of , and — is raising money for three new funds that would total about $7 billion, late last year. Just last March, raised $7.2 billion for its new funds.
The in September Insight Partners was closing in on a new $10 billion-plus fund.
Insight Partners now has more than $90 billion in assets under management. Its flagship funds, including the new Fund XIII, typically invest between $5 million and $500 million-plus in companies.
Per , Insight Partners made 63 investments last year. While that number may seem high, Insight made 79 investments in the first quarter of 2022 alone — contributing to the venture feeding frenzy and high valuations that dominated the market at that time.
Late last year Insight took part in ’ massive $10 billion round at a $62 billion valuation — the largest venture capital raise of 2024 and one of the largest on record.
Related reading:
- Lightspeed Venture Partners Looking To Raise $7B For New Funds — Report
- Andreessen Horowitz Closes In On Up To $7B In New Funds — Report
- Databricks Raises $10B In 2024’s Largest Venture Funding Deal
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