Insight Partners is gearing up for its next big funding round and the numbers are nothing short of impressive. The New York-based private equity and venture capital firm is on the verge of securing over $10 billion in capital commitments for its 13th fund. This will add to Insight’s already massive investment portfolio, in which it manages several high-growth technology companies.
Important details are already attracting attention: Insight has been active in the market over the past week with the sale of two portfolio companies. One of the most notable deals is Mastercard’s acquisition of Recorded Future, a threat intelligence company wholly owned by Insight. The price tag? A staggering $2.65 billion – almost four times the $780 million Insight paid to acquire the company in 2019.
Big deals continue at Insight Partners
The other major sale involves Own, a startup specializing in backing up data in cloud-based applications, Financial Times reports. This company found a new home with Salesforce, which bought it for $1.9 billion. However, just two years ago investors valued Own at $3.5 billion, indicating a sharp decline in market capitalization. Nevertheless, the sale represents another big win for Insight Partners, further cementing its reputation for identifying and developing high-potential tech companies.
The firm aims to close this new fund with around $12 billion, down slightly from the previous fund of $20 billion raised in 2022 and that year marked a period of rapid fundraising in the venture capital sector, driven by a surge in investment activity in technology sectors.
A growing portfolio and shifting market
Insight Partners’ influence in the world of technology is undeniable. The firm is making a name for itself with its investment in Wiz, a cybersecurity company that has caught the attention of the industry. Although the firm is raising a smaller fund compared to its predecessor, its continued success in value acquisitions shows that Insight’s strategy is still paying off. Even in changing market conditions, they continue to make headline-grabbing deals.
As Insight Partners moves towards finalizing its new fund, investors and analysts will be closely watching the firm’s next moves. With its track record and continued portfolio growth, it is clear that Insight remains a major player in the technology investment space.
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