Deven Parekh of Insight Venture Partners has added Buddy Media to his portfolio of creative enterprises. Buddy Media is worth $500 million based on the valuation that sources say the company earned in their newest $54 million financing round.
Buddy Media is the social media management software that 8 of the globe’s top ten international advertisers have selected. Along with Insight Venture Partners, Bay Partners, Institutional Venture Partners, and GGV Capital participated in Buddy Media’s current financing round.
Included in Deven Parekh’s investment portfolio are diverse companies, and the ones he determines for investment opportunities changes on a yearly basis. His choices are based on his meticulous research of technology businesses, which helps him in mitigating risk.