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VC Firm Insight Partners Reportedly Prepares to Close $10 Billion-Plus Fund

The media reports that the venture capital company Insight Partners is currently preparing to close a fund worth more than $10 billion.

VC Firm Insight Partners Reportedly Prepares to Close $10 Billion-Plus Fund

The mentioned information was made public by journalists last Sunday, September 15. The media reports that the volume of the specified fund is half of the amount originally planned by the company. This circumstance can most likely be interpreted as a sign that technology investors are gradually returning to the venture capital market.

Insight will not close its fund until early next year. The relevant information was published by the media with reference to insiders. At the same time, the journalists’ informants noted that at least $10 billion has already been committed, but the final amount may reach $12 billion.

Insight has not yet responded to a media request for comment on insider information.

It is worth noting that for about the last two years, the venture capital market has been experiencing a process that can be described as the tendency of a downturn. At the same time, there are already signs of a gradual return of investors. This statement is supported by the fact that companies such as Andreessen Horowitz, Thrive Capital, and Iconiq Growth were able to raise nearly $20 billion.

In April, Andreessen Horowitz announced that it had received $7.2 billion in financing. These investments are intended for technology startups, including those companies at an early stage of existence that operate in the artificial intelligence industry.

Iconiq has closed its largest fund to date with a capital of $5.75 billion.

General Catalyst, according to media reports citing insiders, is approaching closing a new fund of more than $6 billion. This information has not been officially commented on.

After a lull period in the area of the initial public offering of shares, the revival of the practice of concluding deals eased the pressure on the venture capital sector.

Last week, Insight acquired two of its portfolio companies. Insiders also report that this firm has set up a continuation fund, which provides partners with the opportunity to sell their positions in portfolio brands to other investors. At the same time, in this case, Insight can hold its stake in the underlying company.

As we have reported earlier, G Squared Reportedly Raises $1.1 Billion.

Serhii Mikhailov

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Serhii’s track record of study and work spans six years at the Faculty of Philology and eight years in the media, during which he has developed a deep understanding of various aspects of the industry and honed his writing skills; his areas of expertise include fintech, payments, cryptocurrency, and financial services, and he is constantly keeping a close eye on the latest developments and innovations in these fields, as he believes that they will have a significant impact on the future direction of the economy as a whole.