Insight Venture Partners

News Byte

Another $85 Million for Tumblr

Peter Kafka in Media on September 26, 2011 at 4:55 am PT

Tumblr, the booming blogging platform that has yet to spend much time generating revenue, now has even more time before it has to get down to business. The four-year-old company has raised an $85 million round led by Greylock Partners and Insight Venture Partners, along with new money from Peter Chernin and Richard Branson. Earlier investors Spark Capital, Union Square Ventures and Sequoia Capital re-upped as well.

News Byte

Cvent Lands Huge $136 Million Funding Round

Arik Hesseldahl in News on July 20, 2011 at 9:26 am PT

Cvent, a company that specializes in online event management tools, said today it has secured a funding round worth $136 million, led by New Enterprise Associates and Insight Venture Partners with Greenspring Associates participating. The company, based in McLean, Virginia, says it plans to hire 200 people during the next year. Its customers include Coca-Cola, Procter & Gamble and Wells Fargo.

News Byte

Spanish Private-Sales Site Privalia Expands to Germany Via Acquisition

Tricia Duryee in Commerce on March 7, 2011 at 3:46 pm PT

The online private-sales retailer Privalia, which operates in Spain, Italy, Brazil and Mexico, is buying Germany’s Dress for Less. Reuters said that according to its sources, Privalia paid between $210 million and $280 million. On Monday, Privalia raised roughly $123 million from private equity firms General Atlantic, Highland Capital Partners, Index Ventures and Insight Venture Partners to fund the transaction, which also included debt and shares. Together, Privalia is forecasting that they will achieve triple-digit revenue growth this year to around 400 million euros. In December, eBay purchased Germany-based brands4friends for $200 million.