Insight Partners has successfully raised $12.5 billion for its 13th flagship fund, which is one of the largest tech-focused funds in recent years. The firm, based in New York, aimed for an initial target of $20 billion but fell short amid a challenging fundraising environment. This latest fundraising marks the largest amount secured by a venture capital firm since Tiger Global's fundraising in 2022. In addition to the flagship fund, Insight Partners also closed a separate vehicle for structured equity investing, known as Opportunities Fund II. The firm is recognized for its investments in notable companies such as Wiz.io, Fanatics, and Shopify. This fundraising comes on the heels of $8 billion in exits for the firm, underscoring its active role in the tech investment landscape.