Insight Venture Partners, the NYC-based investment firm that has backed companies like Twitter, Chegg, Flipboard and HauteLook, this morning announced the closing of two new funds with a combined $2 billion in commitments.
One fund, Insight Venture Partners VII, has received approximately $1.5 billion of institutional commitments and roughly $70 million of additional affiliate and friend commitments. Insight Venture Partners Coinvestment Fund II, which the firm explains was established for co-investments in larger deals, received $450 million in commitments.
The significant majority of Insight’s existing investors committed capital to the new funds, which will enable the firm to invest up to $150 million per transaction.
Since its inception in 1995, Insight says it has received total commitments of more than $5 billion. Its most recent investment was announced last week, when we reported that the firm joined a $40 million round of financing for Israeli startup Wix.
Founded in 1995, Insight Venture Partners is the fastest-growing venture capital firm specializing in growth-stage Software and Internet investing globally. Insight’s team of growth experts is composed of both technology investors and operating executives with significant experience scaling technology companies. Since inception, Insight has raised more than $5 billion to invest in market leading companies through both minority and majority deals. Insight’s investing flexibility enables companies and entrepreneurs to obtain the deal that makes sense for them, in addition...