Insight Partners, the New York-based global venture capital and private equity firm announced Monday it has opened its first international office in Tel Aviv.
This is the VC firm’s first office outside of New York.
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Founded in 1995, Insight currently has over $20 billion of assets under management and has invested in more than 300 companies worldwide. The firm currently has more than $700 million invested and more than 15 active investments in some of Israel’s top companies, including application security solution Checkmarx, video, and image editing mobile app developer Lightricks, project management tool Monday.com and SaaS digital adoption platform WalkMe. The firm has also invested in Israeli-founded cloud-based web development platform Wix, led their Series D funding in 2011, and supported them through an IPO.
“As growth investors, we are excited about the opportunity to build a deeper presence in Israel, one of the most advanced tech ecosystems with a thriving R&D community,” said Jeff Horing, founder of Insight Partners, “As one of the first software growth equity investors we leverage our decades of experience in the sector, and our ability to invest from early to late stage, to support the growth and international expansion of innovation centers around the world. We are committed to bringing our software expertise to Israel’s vibrant, innovative environment, and partnering with the next generation of category winners.”
The Tel Aviv office will be led by senior associate Daniel Aronovitz.
“We have companies that we invested in their Series A and supported them through to IPO, and it is this ability to be a true partner with game-changing companies at every step of their journey that gets us up every day,” Aronovitz said. “We’ve had the privilege to work alongside executives who’ve shaped industries, and because of this, we are committed to bringing transparency to the fundraising process in Israel. By delivering straightforward and direct feedback on interest level and presenting clean terms when extending offers, we hope to best support the next generation of tech leaders coming out of Israel.”