According to a recent SEC filing, venture capital and growth equity firm Insight Partners has secured $1.28 billion for its thirteenth fund, Insight Partners XIII. The funds\' target, as reported by BuyoutInsider earlier this year, is $17 billion, in line with it\'s twelfth fund (Fund XII) raised last year.
\n\n\n\nInsight Partners XIII has employed various entities for fundraising support, including Sparring Partners Capital, Magenta Capital Services, Fund Placement Israel, Evercore Group, Mitsubishi: UFJ Alternative Investments, and HMC ITAJUBA. The sales commission on record is $20 million (~1.7%).
\n\n\n\nThe firm has maintained an aggressive investment pace in the Israeli startup ecosystem this year. So far, the firm has made one investment per month this year, totaling eight investments. These include: WINT ($35 million), IVIX ($12.5 million), TytoCare ($49 million), Silk Security ($12.5 million), Wenrix ($15 million) Visual Layer ($7 million), OpenEyes Insurance ($18 million) and Cyclops Security ($6.4 million). But this pales in comparison to +30 investments it made the year prior.
\n\n\n\nThe Israeli operations of Insight are led by Managing Director Liad Agmon, former founder of Dynamic Yield. The firm has a portfolio of 82 startups in the Israeli startup ecosystem (Startuphub.ai data).
\n\n\n\nThe latest first close of Insight Partners XIII brings the firms total assets under management north of $91 billion.
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