Insight Venture Partners to buy majority of Genesis Partners IV
Summary
Dr. Eyal Kishon, Eddy Shalev, Jonathan Saacks and Gary Gannot of Genesis Partners will continue to serve on the boards of their respective investments. “This acquisition signifies Insight’s deep commitment to our existing portfolio in Israel, as well as innovation in the region at large,” said Jeff Horing, Co-Founder and Managing Director, Insight Venture Partners. Software by nature allows businesses to operate as truly global entities across sectors and industries, and we are thrilled to double down on our roots and open new doors for opportunity in the EMEA region through this acquisition.” “As an early stage and Seed Fund we have placed a huge effort on supporting our portfolio companies to the point where they reached a high level of maturity and total value that represents an ideal outcome with a great return to our investors. The partners at Genesis, Dr. Eyal Kishon, Eddy Shalev, Gary Gannot, Jonathan Saacks and Hadar Kiriati manage over $600 million across four funds.
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