BrowserStack & slice Backer Insight Partners Raises $20 Bn For Its Twelfth Flagship Fund

BrowserStack & slice Backer Insight Partners Raises $20 Bn For Its Twelfth Flagship Fund

SUMMARY

Insight Partners plans to increase investments in technology and software startups

The sum raised in the twelfth flagship fund is considered to be the largest to date by Insight Partners

Insight Partners has sealed a co-invest fund that will collectively participate with the latest flagship fund in certain investments

New York-based venture capital and private equity company, Insight Partners has raised $20 Bn for its twelfth flagship fund as it plans to increase investments in technology and software companies. 

According to a media report by The Economic Times, the sum raised in the twelfth flagship fund is considered to be the largest to date and also, over 2X than its previous flagship fund in 2020. 

The venture capital and private equity company has additionally sealed a co-invest fund that will collectively participate with the latest flagship fund in certain investments. 

“Software as a basic model has been extremely resilient. We do not see any particular worries and we aim to be consistent in backing high-growth software companies,” said, Teddie Wardi,  managing director of Insight Partners. 

Established by Jeff Horing and Jerry Murdock in 1995, the VC firm primarily infuses money in high-growth technology and software scaleup companies. It claims to have more than 600 companies in its portfolio–Twitter Inc, Shopify Inc and Delivery Hero SE–to name a few. Of this, it claims to have more than 55 companies listed on IPO.  

Meanwhile, Insight Partners is making a slew of investments globally as well. Of late, it led a Series B funding round of SaaS software procurement platform, Tropic. It infused $40 Mn in the fundraising round. Alongside this, it made a strategic investment in a technology company, Gamma Technologies by joining other existing investors–Cove Hill Partners and TA Associates.

In the Indian business ecosystem, Insights Partners has recently participated in the funding round of subscription management and recurring billing platform, Chargebee. In the fundraising round, Chargebee secured $250 Mn at a valuation of $3.5 Bn

In 2021, the US-based venture capital and private equity company led the fintech startup, slice’s fundraising round. Together with Tiger Global, it led the series B funding round, thus, increasing the startup’s valuation to $1 Bn

In October last year, it led the Series C funding round of the Bengaluru-based SaaS startup, Esper along with existing investors, Scale Venture Partners, Madrona Ventures and Root Ventures. With this funding round, the startup’s total funding reached $100 Mn.

Despite whirlwinds, private equity and venture capital companies’ interest has grown tremendously in the country’s startup ecosystem.

According to an Indian Private Equity and Venture Capital Association and Ernst & Young report, investments made by private equity and venture capital companies in Indian companies reached an all-time high of $77 Bn in 2021, which is nearly 62% more than in 2020. 

The report stated investments were made across 1,266 deals that comprise 164 large transactions. Meanwhile, exits worth $43.2 Bn were also noticed through 280 deals.

You have reached your limit of free stories
Become An Inc42 Plus Member

Become a Startup Insider in 2024 with Inc42 Plus. Join our exclusive community of 10,000+ founders, investors & operators and stay ahead in India’s startup & business economy.

2 YEAR PLAN
₹19999
₹7999
₹333/Month
Unlock 60% OFF
Cancel Anytime
1 YEAR PLAN
₹9999
₹4999
₹416/Month
Unlock 50% OFF
Cancel Anytime
Already A Member?
Discover Startups & Business Models

Unleash your potential by exploring unlimited articles, trackers, and playbooks. Identify the hottest startup deals, supercharge your innovation projects, and stay updated with expert curation.

BrowserStack & slice Backer Insight Partners Raises $20 Bn For Its Twelfth Flagship Fund-Inc42 Media
How-To’s on Starting & Scaling Up

Empower yourself with comprehensive playbooks, expert analysis, and invaluable insights. Learn to validate ideas, acquire customers, secure funding, and navigate the journey to startup success.

BrowserStack & slice Backer Insight Partners Raises $20 Bn For Its Twelfth Flagship Fund-Inc42 Media
Identify Trends & New Markets

Access 75+ in-depth reports on frontier industries. Gain exclusive market intelligence, understand market landscapes, and decode emerging trends to make informed decisions.

BrowserStack & slice Backer Insight Partners Raises $20 Bn For Its Twelfth Flagship Fund-Inc42 Media
Track & Decode the Investment Landscape

Stay ahead with startup and funding trackers. Analyse investment strategies, profile successful investors, and keep track of upcoming funds, accelerators, and more.

BrowserStack & slice Backer Insight Partners Raises $20 Bn For Its Twelfth Flagship Fund-Inc42 Media
BrowserStack & slice Backer Insight Partners Raises $20 Bn For Its Twelfth Flagship Fund-Inc42 Media
You’re in Good company