New York based venture capital firm, on Monday, announced the launch of its new fund, Insight Venture Partner Coinvestment Fund III. The USD 510 million fund will target early to late stage venture and growth equity investments.
In 2011, it launched the Insight Venture Partners Coinvestment Fund II of USD 450 million. This fund brings the total capital for Insight Venture Partners (IVP) to approximately USD 8 billion.
The VC firm will be seeking investment in sectors such as Internet, global software and data services businesses. Last year, it has also raised Insight Venture Partners VIII, a USD 2.57 billion fund in May.
“We see tremendous market opportunity to invest in high growth technology companies and this new fund will enable us to invest in our core expansion-stage market, as well as larger growing companies,” said Jeff Horing, Managing Director and Co-founder at Insight Venture Partners.
Founded in 1995, IVP has invested in more than 200 companies since inception, and currently has over 97 active companies across its existing portfolio. It works at all stages of investment from seed and Series A to late stage venture and growth equity.
Fund VIII was able to write equity checks of USD 15 million and higher; in conjunction with Coinvestment Fund III, Insight claims to have the flexibility to invest more than USD 500 million of equity per transaction.
Some of its investments in Asia Pacific region includes newegg.com, 6waves, Campaign monitor, ozsale, JD.com, etc.
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