On Israel visit, Wiz investor commits to back local entrepreneurs and startups
New York-based private equity firm Insight Partners remains committed to investing in Israeli startups and tech firms, not despite the ongoing war woes and internal judicial jitters, but because of the resilience, talent, and entrepreneurship emerging from Israel, co-founder Jeff Horing conveyed during a visit to Israel.
“We are very excited about the Israeli tech community, and it still is magic to us,” Horing said in a rare meeting in Tel Aviv on Tuesday. “There’s no other consistent environment where the confidence level in the entrepreneurs is so high.”
“The probability of finding the right mix of high integrity, hard work, smarts, and hustle – it’s better than just about anywhere else in the world,” Horing remarked.
Founded in 1995, Insight has over $90 billion of assets under management and has invested in more than 800 companies worldwide. More than 55 of those companies have gone public through initial public offerings, the firm said.
The US venture capital and private equity firm has invested in Israeli technology for over two decades, opening its first office outside New York in Tel Aviv in 2019. Over the years, Insight has grown into one of the biggest and most active foreign investors in Israeli software and technology companies. The private equity firm’s investments into the local tech ecosystem have increased from around $700 million in........
© The Times of Israel
