Insight Partners is nearing completion of its 13th fund, which is expected to close at over $10 billion and potentially reach $12 billion, according to the Financial Times. While this fundraise falls short of the firm’s initial $20 billion target set in June 2022, it still represents a significant amount in the current venture capital landscape. The fund is set to formally close in early 2025, marking a cautious but notable return of technology investors to the market after a challenging two-year period.
Insight’s fundraising efforts are part of a broader trend of major venture capital firms securing significant funds in recent months. Notably, Andreessen Horowitz, Thrive Capital, and Iconiq Growth have collectively raised almost $20 billion in the past six months. Additionally, General Catalyst is reportedly close to closing a new fund exceeding $6 billion. These substantial fundraises by prominent firms suggest a gradual resurgence in venture capital activity, despite ongoing challenges such as the scarcity of initial public offerings in recent years.
Insight has invested in various Prime Unicorn Index components, including:
- Abnormal Security Corporation
- Chargebee, Inc.
- Dataiku, Inc.
- Dremio Corporation
- EquipmentShare.com, Inc.
- ezCater, Inc.
- FloQast, Inc.
- Hinge Health, Inc.
- Motive Technologies, Inc.
- Plume Design, Inc.
- Sourcegraph, Inc.
- Viz.ai, Inc.
- Workato, Inc.