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Insight Venture Partners buying majority of Genesis Partners IV portfolio

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.