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.