Insight Venture Partners
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Type
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Private
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Founded
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1995<ref>Insight Venture Partners. About » Insight Venture Partners.*</ref>
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Headquarters
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New York, United States
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Key people
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Jeff Horing and
Jerry Murdock (founders) |
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Industry
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Venture Capital
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No. of employees
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50+
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Percent of Jagex owned:
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55.45%
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Website
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Insight Venture Partners is a venture capital firm that invested in Jagex Ltd. in October 2005<ref>Business Wire. Jagex Ltd Secures Investment From Insight Venture Partners.*</ref>, and in December 2010 increased their investment as The Raine Group and Spectrum Equity Investors made initial investments.<ref>Jagex Ltd.. Jagex Limited Receives Growth Investment.*</ref>
Insight Venture Partners secured a 35%<ref>Stellar Dawn Central. Jagex's mission statements throughout the ages.*</ref> investment in Jagex in 2005, which had been self-funded until that point. Constant Tedder, then the CEO of Jagex, called Insight "one of the leading investment firms for software, content, and Internet enabled businesses." As part of the investment, Insight co-founder Jeff Horing and Vice President Alex Crisses joined Jagex's board of directors.
As part of a growth investment, Insight increased its investment to 55.45% as Raine and Spectrum joined. In a press release, Jagex CEO Mark Gerhard said "Insight has been part of the Jagex family for a number of years and it has been a real pleasure to serve alongside them on the Jagex board." Tedder, Andrew Gower and Paul Gower left the board of directors as representatives from Raine and Spectrum joined.
Insight Venture Capital is a privately owned company based in New York City whose other investments include Twitter, TeamViewer and Newegg.<ref>Insight Venture Partners. Portfolio.*</ref>
References
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