All the sessions from Transform 2021 are available on-demand now. Watch now.


NYC skyline

Insight Venture Partners isn’t slowing down after Yahoo’s $1.1 billion Tumblr acquisition last week. The firm announced today that it has raised a whopping new $2.57 billion fund (Insight Venture Partners VIII) dedicated to investments in e-commerce, software, Internet, and data services businesses.

The New York-based firm says existing investors accounted for the majority of the new fund’s capital. Since the fund is so large, Insight Venture Partners will be able to make investments worth up to around $300 million. The firm says it will explore both minor and controlling investments in growth-stage and late-stage companies.

Even though it’s a global investment company, the massive new fund could be good news for the NYC startup community. At this point, all eyes are on the lookout for the next Tumblr, and I’m sure IVP wants to recreate that exit with the new fund.

Insight Venture Partners’ portfolio includes Twitter, Flipboard, and Shutterstock. Since its founding in 1996, the firm says it has raised more than $7.6 billion.

Photo: Devindra Hardawar/VentureBeat

VentureBeat

VentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact. Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:
  • up-to-date information on the subjects of interest to you
  • our newsletters
  • gated thought-leader content and discounted access to our prized events, such as Transform 2021: Learn More
  • networking features, and more
Become a member