Insight Partners, a multinational software investor disclosed that it has secured $118 million for the second 20/20 Visionary Investment Fund to make investments in venture capital firms managed by various managers.
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Act One Ventures Management, L.L.C., Hannah Grey Ventures LLC, F7 Ventures, LLC, SH Fund Management, LLC, Wischoff Ventures, Ansa Capital Management, LLC, Vesey Ventures, Springbank Collective, and Mastry Ventures are just a few of the funds that 20/20 Vision Capital Fund II has committed to. Some of these funds are new. This comes after 20/20 Vision Capital Fund I’s 14 fund investments. Several of these founding funds’ successor funds have already received commitments from Fund II, as reported by prnewswire.com.
“Participating Insight LPs similarly recognized the opportunity and mission of 20/20 Vision Capital and have now joined us for a second effort with Fund II. We all understand the long-term impact these up-and-coming investors have on the industry,” said Richard Wells, Managing Director at Insight Partners. “20/20 Vision Capital’s goal is for the fund managers to directly access institutional capital on their own and we’re thrilled to make Fund II part of the technology investing landscape.”
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“MassPRIM is committed to fostering diversity within the investment landscape, and we believe one of the best ways to do that is to invest in funds led by underrepresented investors and managers,” said Michael Trotsky, CFA, Executive Director, and Chief Investment Officer of MassPRIM. “We are excited to partner with Insight on this initiative, and we hope that the emerging funds that Vision Capital invests in grow to become a fit for MassPRIM to invest in directly over time.”
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About Insight Partners
Insight Partners operates as a multinational software investor that collaborates with startup and scale-up businesses that are transforming their industries via the use of high-growth software, technology, and the Internet.
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