Deven Parekh

Insight Venture Partners

Deven Parekh Announces Closing of Insight Venture Partners $2.57 billion Fund XIII

Insight Venture Partners’ Deven Parekh has announced that the firm has recently raised $2.57 billion for Fund XIII. This is the firm’s eighth fund since its founding in 1995. This is one of the biggest funds ever raised.

Insight Venture Partners is headquartered in New York, New York. The firm is a foremost venture capital and private equity enterprise. It invests in eCommerce, Internet, on-premise, as well as Software as a Service (SaaS)-based software and data-services companies.
Insight Venture Partners had raised $1.5 billion for a fund plus a $500 million co-investment vehicle in its most recent fund prior to this one. So far, the firm has raised a collective $7.6 billion. This new fund raise permits Insight to write checks that are up to $300 million in amount. Insight reaches and tracks approximately 30,000 companies annually. Insight, through Deven Parekh, its other managing directors, and more than 50 employees, makes 10-20 investments each year.

Deven Parekh Announces Insight Venture Partners Investment in Campaign Monitor

Deven Parekh, through Insight Venture Partners, has announced the company’s investment in Campaign Monitor. Launched in 2004, Campaign Monitor is a worldwide leader in Software as a Service (SaaS)-based email marketing and design solutions. Insight invested US$250 million in this company. This is Campaign Monitor’s initial round of funding.

Mr. David Greiner and Mr. Ben Richardson are the co-founders of Campaign Monitor. Over 100,000 paying customers in 170 countries depend on Campaign Monitor to manage their email marketing. Campaign Monitor is a top email marketing solution for creative agencies, high-growth businesses, and major international companies.

Deven Parekh and Insight Venture Partners work to find, fund, and work successfully with forward thinking executives who are propelling change in their respective industries. Mr. Parekh and the firm provide these executives and their businesses with practical, hands-on growth expertise to nurture long-term success. Deven and Mr. Nikitas Koutoupes, Insight Managing Directors, as well as associate Mr. Dan May, will join Campaign Monitor’s Board of Directors.

Deven Parekh and Jeff Lieberman Recognized for Creating Successful Global Technology Companies

AlwaysOn has selected two Managing Directors from Insight Venture Partners as Venture Capital 100 winners. These two are Deven Parekh and Jeff Lieberman. The Venture Capital 100 (VC100) winners for 2013 were nominated by their peers. These peers include investors, bankers, journalists, as well as industry insiders. AlwaysOn is the foremost business media brand. AlwaysOn connects and informs the entrepreneurial community in the Global Silicon Valley.

Mr. Parekh joined Insight in January of 2000. He has served as a Director since January of 2004. Mr. Lieberman joined Insight in 1998. Before joining Insight, he was a management consultant at McKinsey & Co. While there, he centered on strategic and operating issues in the financial services, technology, and consumer products industries.

The 2013 selection of Deven Parekh by AlwaysOn recognized as notable his investments in Twitter and Chegg. Jeff Lieberman’s selection recognized as notable his investment in Cvent. Deven, Jeff and all the winners were chosen from among hundreds of people in the international technology entrepreneurial community.

Deven Parekh Announces Hire of Euan Menzies

Deven Parekh of Insight Venture Partners announced earlier in 2014 the hiring of Euan Menzies as Venture Partner. This is as part of Insight’s strategy to expand its multi-disciplinary approach to investment and portfolio company management. Mr. Menzies is the former Chief Executive Officer (CEO) of Vertafore, Inc. He served in that role from 2001 until October 2013.

Euan Menzies will provide strategic guidance to Insight Venture Partner professionals throughout the investment process. Additionally, he will advise portfolio company executives on Mergers & Acquisitions, growth strategy, management, as well as operations. He will do this while supporting the company’s senior investment partners and Insight’s operations team of business executives.

Deven Parekh, managing director at Insight, said, “Euan’s appointment to Venture Partner fits with our approach of deepening Insight’s software, operational and management expertise. We are thrilled to have him on our team.” Mr. Menzies has worked in the software industry since the early 1990′s. He has a history of propelling business improvement and innovation.

Deven Parekh Debuts on Midas List

Deven Parekh is a Managing Director at Insight Venture Partners, which is based in New York, New York. Insight Venture Partners is a leading private equity and venture capital firm. He manages investments in e-commerce, consumer internet data, as well as application software companies. This year, Mr. Parekh debuted high on the Forbes Midas List. He is a graduate of the Wharton School. He is on the Board of Directors at Fanatics, which is an online retailer for sports merchandise.

Deven Parekh had a 2009 investment in Twitter and investments in Chegg, Tumblr and Flipboard. In addition, he assisted in navigating Tumblr to its sale to Yahoo last year. Furthermore, he achieved success with BuddyMedia, which was acquired by Salesforce in 2012 for $785 million. Moreover, in 2012, Deven directed a $165 million equity investment in Drilling Info. They are an Austin, Texas-based data intelligence provider for the oil and gas industry.

Deven Parekh Talks About Fund XIII from Insight Venture Partners

Insight Venture Partners is a technology private equity firm that invests with buyouts; growth equity and later stage venture asset classs. The willingness to invest in private companies and public company buyouts across stages makes Insight fairly unique in the technology venture and private equity landscape.
Deven Parkeh is a managing director of Insight Venture Partners.

Recently, Deven Parekh spoke about a new $2.57 billion venture called Fund XIII. The new fund, which will focus on software, e- commerce, Internet and data-services businesses, is about one-fourth larger than Insight’s last fund, which closed in 2011.

Deven Parekh reported that the funding closing comes on the heels of a very active period of investment for Insight, which has backed rounds for more than 25 companies in the past year, according to Thomson Reuters. Larger transactions include BMC Software, for which Insight is a member of a consortium taking the company private, and Air Watch, a mobile security provider that raised $200 million from Insight in February.

According to Deven Parekh, it took a little over four months to raise the new fund, and most of the limited partners existed investors.

Deven Parekh Serves On The Board At Chegg A Progressive Textbook Rental Company

Moreover, Deven Parekh serves as a Director on the Board of Chegg. Chegg’s concept is money-saving, rental access to textbooks. Chegg is one of the Internet’s fastest growing new companies and the leading online textbook rental company. For every single book rented, Chegg plants a tree by means of American Forest’s Global ReLeaf Program.

Deven Parekh Serves On The Board Of Hayneedle An Internet Based Shopping Enterprise

Deven Parekh is on the Board of Hayneedle as a Director. Hayneedle, Inc. operates as a web retail business. They supply lifestyle and home products. Founded in 2002, Hayneedle has their headquarters in Omaha, Nebraska.

At Insight Venture Partners, Deven Parekh Specializes In Global Software, Technology-Driven Services And Internet Companies

Deven Parekh and the Insight team specialize in innovative and forward thinking companies. Global software, technology-driven services and Internet organizations gain from Insight’s comprehensive business experience. The organization is one of the fastest growing venture capital and private equity firms.

Deven Parekh Is A Managing Director And Partner At Insight Venture Partners, A Major Private Equity Firm

Founded in 1995 by Jerry Murdock and Jeff Horing, Insight Venture Partners currently possesses a capital base of approximately $3 billion. As a Managing Director and Partner at the firm, Deven Parekh concentrates exclusively on software and Internet-enabled businesses.