Deven Parekh of Insight has added Buddy Media to his investment portfolio of innovative businesses. Buddy Media is valued at $500 million according to 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. Together with Insight Venture Partners, GGV Capital, Institutional Venture Partners, and Bay Partners participated in Buddy Media’s recent financing round.
Deven Parekh’s investment portfolio includes diverse companies, and those he selects for investment opportunities changes on a yearly basis. His choices are based on his complete research of technology organizations, which helps him in mitigating risk.