Deven Parekh of Insight Venture Partners has added Buddy Media to his portfolio of cutting-edge companies. Buddy Media is valued at $500 million based on the valuation that sources say the company earned in their newest $54 million round of financing.
Buddy Media is the social media management software that eight of the world’s top ten global advertisers have chosen. Along with Insight Venture Partners, Bay Partners, Institutional Venture Partners, and GGV Capital participated in Buddy Media’s recent round of financing.
Deven Parekh’s investment portfolio includes diverse companies, and those he decides on for investment opportunities changes yearly. He bases his choices on his in-depth research of technology businesses, which helps to mitigate risk.