Insight Venture Partners' new fund: $2.57 billion

The New York City venture capital firm has a lot of money locked up in business technology startups.


Insight Venture Partners, the U.S. venture capital firm headquartered in New York City, announced this morning that it has raised $2.57 billion for a new private equity fund targeting global software, e-commerce, Internet and data services businesses.

It's the firm's eighth and largest fund to date. Since its founding in 1995, it has raised $7.6 billion and invested in a number of B2B-focused technology companies, most recently Airwatch and New Relic (infrastructure software); Kinnser and Mimecast (SaaS); Despegar and Fanatics (e-commerce); and Drillinginfo (SaaS data services).


The firm also made key investments in the popular microblogging services Twitter and Tumblr.

IVP says it plans to deploy that capital in growth stage and more mature companies, as minority or control transactions, up to $300 million at a time, anywhere in the world. It's ultimately looking for promising software and technology companies that need to scale and mature.