Insight Partners announced the final close today of Fund XI – new $9.5 billion growth equity fund and Insight’s biggest to date..
The New York-based firm announced the Fund would be “focused on investing in ScaleUp software companies, enterprise-ready businesses that have advanced from the startup phase and are positioned for rapid growth that includes major business milestones like global expansion, mergers and acquisitions (M&A), and Initial Public Offerings (IPO).”
Insight says it plans on investing from $10 million to $350 million of equity in a company while keeping the option open for larger transactions.
In a statement, Jeff Horing, Insight’s Founder and Managing Director, recognized the impact of the current economic climate, adding that Fund XI offers “continued flexibility to provide the combination of capital and operating support” to software companies a variety of needs. “
Since its first investment in 1995, Insight has invested over $19 billion spread across more than 400 companies, including majority investments in Armis, Veeam, commercetools and Recorded Future. Insight has raised more than $30 billion in capital commitments across its funds.
Source: Insight Partners