Insight Venture Buys Portfolio From Israel-Based Venture Firm Genesis Partners
Genesis Partners’ portfolio includes several startups that are also backed by Insight, including Monday.com and Sisense
Amarelle Wenkert | 14:00 26.02.2019
New York-based venture capital and private equity firm Insight Venture Partners (listed as Insight Venture Management, LLC) has agreed to acquire the lion’s share of the portfolio of Israeli venture capital fund Genesis Partners’ fourth fund, Genesis Partners IV. The two firms announced the acquisition Tuesday. The financial terms of the deal were not disclosed.
Founded in 1995, Insight Venture Partners currently has over $20 billion in assets under management and has invested in more than 300 companies worldwide.Genesis Partners is an early stage venture capital investor with $600 million in assets under management across four funds. Founded in 1996, Genesis backed startups such as Nasdaq-listed voice over IP company AudioCodes Ltd., Fintech company FundTech Ltd., 3D sensing company PrimeSense Ltd., and Nasdaq-listed solar energy company SolarEdge Technologies Inc.