Insight Venture Partners is buying the majority of the portfolio owned by Genesis Partners IV, a 2008 vintage Israeli seed and early stage venture capital fund, according to a joint news release.
Terms of the deal were not disclosed.
The fund's portfolio includes some now growth-stage companies in which Insight is also an investor, including monday.com, Sisense, and JoyTunes.
"Genesis Partners has built a strategic portfolio that has evolved to align with Insight's growth-stage focus," said Jeff Horing, Insight co-founder and managing director, in the release.
Insight and Genesis executives could not be reached for further information.
