- Insight Partners has announced the final closing of Insight Partners XI, L.P. (Fund XI) at $9.5 billion
Insight Partners has announced the final closing of Insight Partners XI, L.P. (Fund XI). This enhances the firm’s capacity to invest in leading high potential software companies. Fund XI had closed at $9.5 billion receiving strong support from Insight’s long-standing investors as well as notable new investors.
Fund XI is known as one of the largest global funds focused on investing in ScaleUp software companies and enterprise-ready businesses that have advanced from the startup phase and are positioned for rapid growth that includes major business milestones such as global expansion, mergers and acquisitions (M&A), and Initial Public Offerings (IPO). This Fund is expected to generally invest between $10 million and $350 million of equity in a company. But larger transactions are also possible.
In its history, Insight has a strong track record as it invested over $19 billion in more than 400 companies since 1995. And the company’s notable recent transactions include majority investments in Armis, Veeam, commercetools, and Recorded Future, and minority investments in companies like SentinelOne, 6Sense, OneTrust, WalkMe, and Monday.com.
Key Quotes:
“First and foremost, we want to acknowledge the current climate and the hardships being felt across the globe. We are thankful and humbled by the support of our investors which enables us to continue to deliver world-class resources during turbulent economic times. Fund XI gives us continued flexibility to provide the combination of capital and operating support that suits the different needs of every software company in a dynamic world.”
-Insight Partners’ Founder and Managing Director Jeff Horing
“Since our first investment 25 years ago, the global software ecosystem has matured even as it continues to innovate, spurring Insight’s own innovation in sourcing, and our data-driven partnership approach to working with ScaleUp companies as a minority or buyout investor. We are grateful that through economic cycles and unprecedented circumstances, Insight Partners remains a sought-after institutional platform for supporting next-generation software companies.”
-Insight Partners Managing Director Deven Parekh
