Since its founding in 2016, the firm has reportedly raised $334 million and invests in B2B tech start-ups in the late seed to Series B stages, according to EU Startups on September 19.
Managed the affair on behalf of Capmont. “Startups navigate a competitive landscape but it’s also highly collaborative, we strive to bring the most unparalleled network and go the extra mile to ensure that their success, not just some funding-in it for the long run, connecting founders with their decision-makers, potential customers and also additional capital, if needed.”.
Its sectors of choice include supply chain, manufacturing, IoT, enterprise SaaS, robotics, and cybersecurity. Among such notable past investments are AI railway optimizers Konux and industrial IoT company ProGlove, later acquired by Nordic Capital.
This round of this launch is also important, as venture capital funding appears to be on the mend after a years-long depression. According to a spate of recent reports, Insight Partners is preparing to close a fund of over $10 billion. Even though that’s half of what they initially planned for their fund, it signals an upswing in the flow of investments into tech.
The VC market, of course, has been a little challenging over the past two years. However, firms like Andreessen Horowitz and Iconiq Growth have collectively raised almost $20 billion within the recent past. Actually, in April, Andreessen Horowitz reported that it had raised almost $7.2 billion. Also, that was mostly for tech startups and AI companies. Iconiq recently closed its largest fund to date at $5.75 billion.
Insight’s fund is to close early next year, while at least $10 billion has already been committed; one estimates that the amount could go up to around $12 billion. Meanwhile, a second fund from early-stage VC Patron has closed this week successfully, raising $100 million.
Brian Cho, co-founder and general partner at Patron, said: “Hundreds of millions of consumers are growing up immersed in platforms like Roblox and Discord, spending significant time in these environments as the first truly gaming-native generation. We are thrilled to continue supporting visionary founders who are creating new experiences for this generation, using gaming as a springboard to build scalable ventures and transform how these consumers interact with the internet.”