, citing a letter the firm sent to its investors. In that letter, Insight said it was seeing a"great reset in tech" and that it would scale back its funding pace.
. Regulatory filings show that the firm has raised $1.4 billion for the flagship fund thus far, but it's unclear whether they're done fundraising. , said one venture capitalist at a growth-stage firm, who asked not to be named. If startups are seeking to raise smaller rounds to hold them over during the downturn, investors can write smaller checks.
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