Insight Venture Partners Raises $510M Coinvestment Fund

Insight Venture Partners announced today that it has raised a $510 million co-investment fund to invest alongside the $2.57 billion fund it announced last year.

Founded in 1995, the firm focuses on later-stage deals, with investments of $15 million or more; its portfolio includes Twitter, Tumblr, Indiegogo and many others. It recently led the $160 million round of funding for Automattic, maker of blogging platform WordPress.

Insight says that with the addition of the new coinvestment fund (the firm’s third), it can now invest as much as $500 million in a single deal.

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