Insight Partners raises $118 million fund to back underrepresented VCs

(Reuters) Global tech investor Insight Partners has raised $118 million in its second 20/20 Vision Capital fund that aims to invest in venture capital funds led by diverse managers, the firm told Reuters.

This new fund expands a strategy Insight first started in 2020, after its own employees pledged $15 million of their personal capital to diverse early-stage fund managers.

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