Veeam: Insight Partners’ $500M growth then ~$5B take-private

Veeam (HQ Kirkland, WA — U.S. domicile after the take-private) is Insight Partners’ flagship data-protection / cloud backup platform investment.

In January 2019 Insight led a $500M GROWTH EQUITY round with CPP Investments (Business Wire). In January 2020 Insight then acquired Veeam in a ~$5B BUYOUT , converting the company to U.S. ownership and leadership (PR Newswire / Veeam / Reuters). Dealroom now marks Insight as lead on that buyout and retains the PE ownership tag already on file.

A December 2024 secondary (~$2B at a reported ~$15B valuation involving Temasek, Neuberger Berman and TPG Rise) is already recorded and left unchanged — Insight remains the core PE sponsor narrative.

Sources: PR Newswire; 2019 $500M BW.