Twitter, Chegg Investor Insight Venture Partners Closes $2 Billion Funds
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.
- Accel Partners Closes $1.35 Billion In Two Funds
- U.S. Venture Funds Raised $7.7 Billion In First Quarter, Highest Influx In A Decade
- Digital Media Juggernaut OverDrive Nabs Funding From Insight Venture Partners
- Matrix Partners Closes $650 Million Funds To Invest More In China, India
- Javelin Venture Partners Closes New $105 Million Fund