Insight Partners announced the closing of its Equity Technology Fund XI at $9.5 billion - a boon to one of the largest growth equity funds for both venture capital and private equity investment in scale-up software companies.
Officials at the firm stressed that the massive capital influx will enhance the firm’s capacity to invest in leading high potential software companies. Both long-standing investors and new notable investors committed to the new fund.
In a letter to stakeholders also expressed the firm’s gratitude for having closed the fund amidst the COVID-19 . . .
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