Insight launches $510m co-investment fund

The fund will invest on a worldwide basis alongside the $2.6bn Insight Venture Partners VIII fund, which closed in May 2013.

The latest fund brings the VC's total capital raised to $8bn since inception in 1995.

In February 2014, Insight took part in a $27m series-B round for Vinted, a Lithuanian mobile marketplace for second-hand clothing. The previous month it led an $88m series-E round for Delivery Hero, a German online food ordering service.

Investments
The vehicle will target high-growth technology companies globally. Investing alongside Insight Venture Partners VIII, which provides equity cheques of more than $15m, the co-investment fund will enable the firm to provide more than $500m of equity per transaction.

Investors
The majority of capital for the fund was provided by Insight's existing investors.

People
Jeff Horing is co-founder and managing director of Insight.

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