Deven ParekhManaging Director at Insight Partners
Deven Parekh is a Managing Director at Insight Partners and joined the firm in 2000. Mr. Parekh manages investments in application software, data, and consumer internet businesses globally. Notable previous companies in Mr. Parekh’s portfolio have included Buddy Media (acquired by SalesForce, NASDAQ: CRM), Chegg (IPO), Football Fanatics (acquired by GSI Commerce, later acquired by eBay), Media Mind (IPO and subsequent sale to DG Fast Channel), Procuri (acquired by Ariba, NASDAQ: ARBA), Russian Trading System (merged with MICEX), Tumblr (acquired by Yahoo!), Hayneedle (sale to Jet.com), Syncsort (sale to Clearlake Capital), Alibaba (IPO), Twitter (IPO), JD.com (IPO), and Website Pros (IPO). Mr. Parekh is a global investor, actively working with investments in China, Latin America, Europe and Russia.
Mr. Parekh serves as Board Chair for eVestment, DrillingInfo, Turnitin, and Campaign Monitor. He is a member of the Board of Directors for Fanatics, Diligent, 1stdibs, and SR Labs. He represents the firms interests in Despagar, Automattic (Wordpress), Yext, SkyTap and Zenefits.
Mr. Parekh was previously a Principal at Berenson Minella & Company, a New York-based merchant banking firm where he served on the firm’s M&A Committee. Prior to Berenson Minella, Mr. Parekh was with The Blackstone Group, where he was involved in both M&A advisory and principal activities.
Mr. Parekh was selected in 2014 by AlwaysOn as a Venture Capital 100 winner for his investments in Twitter and Chegg. He was also selected to be on the 2014, 2015, and 2016 Forbes Midas list. In 2016, he was selected as a Top 100 Venture Capitalist by CB Insights. In 2010, Mr. Parekh was part of a US delegation of several investors, government representatives, and technology companies that visited Russia to explore investment and technology collaboration opportunities between the United States and Russia. He is a Member of the Technical Advisory Council of the Federal Communications Commission (FCC) which assists the Commission with developing informed technology policies supporting America’s competitiveness and job creation in the global economy. During the period 2010-2012, Mr. Parekh served as a Member of the Advisory Board of the U.S. Export-Import Bank which is the official export credit agent of the United States. In 2006, Mr. Parekh was named a Henry Crown Fellow of The Aspen Institute, which seeks to develop the next generation of community spirited leaders.
He is Chairman Emeritus of the Board of Publicolor (which he chaired from 2007-2012), a New York Citybased non-profit organization that focuses on inner city schools. He is a Member of the Board of the Tisch New York MS Research Center and he sits on the Board of Overseers of NYU Langone. He is a member of the Board of Trustees and Executive Committee for the Ethical Culture Fieldston School. Mr. Parekh was a member of the Greater NY Partnership, which pairs business executives with non-profit executive directors. The Partnership is an initiative of the Mayor’s Fund to Advance New York City. Mr. Parekh was nominated to serve on OPIC’s Board of Directors by President Obama and was confirmed by the Senate in May 2016. Mr. Parekh is also a member of the Council on Foreign Relations as well as the Economic Club of New York. He is a member of the Board of Trustees for Carnegie Endowment for International Peace, where a global network of policy research centers work to advance peace through analysis and development of fresh policy ideas and direct engagement and collaboration with decisionmakers in government, business, and civil society.
Mr. Parekh received a BS in Economics from the Wharton School at the University of Pennsylvania.