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  6. Insight Partners Invests In Parachute Health

Investment Summary

Insight Partners Invests In Parachute Health

On June 4, 2018, venture capital firm Insight Partners invested in information technology company Parachute Health

Investment Highlights
  • This is Insight Partners’ 8th transaction in the Information Technology sector.
  • This is Insight Partners’ 50th transaction in the United States.
  • This is Insight Partners’ 2nd transaction in New Jersey.

Investment Summary
Date 2018-06-04
Target Parachute Health
Sector Information Technology
Investor(s) Insight Partners
Deal Type Venture

Target

Parachute Health

Princeton, New Jersey, United States
Parachute Health is a healthcare technology platform that is transforming the way patients receive the care they need to properly manage their health and recovery at home. Parachute leverages sophisticated machine learning technology to replace the antiquated process for prescribing orders for Durable Medical Equipment (DME) via fax and paper records. Parachute improves patient care and reduces costs for payors, providers, and suppliers by dramatically reducing order errors, insurance claim denials and time spent ordering equipment. Parachute Health was founded in 2015 and is based in Princeton, New jersey.

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Investor(S) 1

Investor

Insight Partners

Investor Investor Investor Investor Investor

Category Venture Capital Firm
Founded 1995
PE ASSETS 90.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Insight Partners is a growth capital investment firm focused on early to later stage investments principally in the software sector. Insight Partners was formed in 1995 and is based in New York, New York.

DEAL STATS #
Overall 62 of 99
Sector: Information Technology M&A 8 of 18
Type: Venture M&A Deals 16 of 23
State: New Jersey M&A 2 of 4
Country: United States M&A 50 of 79
Year: 2018 M&A 9 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-31 TriTech Software Systems

San Diego, California, United States

TriTech Software Systems is a provider of enterprise and mobile communication software and services to public safety customers. TriTech’s solutions are used by 911 call centers and police, fire and emergency medical services agencies to respond to, process, dispatch and communicate emergency responses.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-19 Enverus

Austin, Texas, United States

Enverus is a data, software, and insights company focused on the energy industry. The Company’s products are used by engineers, executives, investors, and accountants to manage a variety of mission critical workflows in the energy world, including asset valuation, asset development, energy production, ESG compliance, strategic sourcing, and back-office automation. Enverus was founded in 1999 and is based in Austin, Texas.

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