Insight Partners
Insight Partners is a New York software investor and growth-equity firm, one of the world's largest, that makes selective bets in digital water. It backs utility-software companies such as Klir and SpryPoint rather than hardware or infrastructure. As of 2026 it has backed five water companies across seven deals.
Compiled by Antoine Walter, (don't) Waste Water, from official filings and direct intelligence in Leviathan.
The take
Insight Partners is not a water fund, and that is the most useful thing to know about it. Founded in New York in 1995 by Jeff Horing and Jerry Murdock, it is one of the largest software investors on earth, with more than $90 billion in assets as of mid-2025 and over 875 companies backed across every corner of enterprise technology. Water is a rounding error on that balance sheet, which is exactly why the few water bets it makes are worth reading closely.
Insight Partners backs software, not infrastructure, when it moves on water. Its thesis is that water utilities still run on a patchwork of fragmented, paper-bound systems, and that the winners will be the platforms that digitise them. That logic drives Klir, which Insight has called the Operating System of Water, and SpryPoint, whose cloud software runs billing and customer service for water, electric and gas utilities.
Insight Partners' water portfolio follows one pattern: growth-stage software selling into utilities, backed with a large cheque and a board seat rather than scattered small bets. Josh Fredberg joined Klir's board and Anika Agarwal sponsored the SpryPoint investment, both Managing Directors who otherwise chase broad enterprise software. For a newcomer the read is simple: Insight Partners treats water as one more category ripe for modernisation, not a mission.
Water Commitment Score
Compiled from official filings, third-party records, and direct intelligence from investors and founders, in Leviathan · recomputed monthly · as of Jun 2026.
How they invest
Portfolio · 5 water companies
Invests alongside
Highlighted = profiled on (don't) Waste Water.
Frequently asked
- What does Insight Partners invest in?
- Insight Partners is a global software investor based in New York. It backs high-growth technology companies from venture through buyout, spanning enterprise software, cybersecurity, fintech and data. Within that broad mandate it makes a small, deliberate set of digital-water bets, funding software that helps water utilities modernise their operations.
- What water companies has Insight Partners backed?
- Insight Partners has backed five water companies across seven deals, all of them software. They include Klir, a compliance and operations platform for utilities; SpryPoint, a billing and customer-service platform for water, electric and gas utilities; WINT Water Intelligence; Olea Edge Analytics; and Ceres Imaging.
- Is Insight Partners the same as Insight Water Technologies?
- No. Insight Partners is the New York software investor profiled here, which backs digital-water software such as Klir and SpryPoint. Insight Water Technologies is an unrelated water-treatment company that happens to share part of the name. This page covers Insight Partners, the venture and private-equity firm.
- Who runs Insight Partners?
- Insight Partners was co-founded in 1995 by Jeff Horing and Jerry Murdock, and Jeff Horing leads it today as Managing Director. Its water investments sit with software Managing Directors including Josh Fredberg, who joined Klir's board, and Anika Agarwal, who backed SpryPoint.
- Where is Insight Partners based?
- Insight Partners is headquartered in New York City, on Avenue of the Americas, with further offices including London, Tel Aviv and the Bay Area. It invests globally in software companies, including the handful of water-technology companies that make up its water portfolio.