Scott Maxwell last year left his post as managing director of Insight Venture Partners to roll out a new firm called OpenView Partners. The Boston-based firm raised a $100 million fund to invest in expansion stage deals.
Maxwell, who joined Insight in 2000, formed the new fund with many of his Insight colleagues, such as Venture Partner Firas Raouf and Associates Kobie Fuller and Igor Altman. Maxwell expects OpenView to collaborate with Insight on Insight portfolio companies and other deals. Also, Maxwell will remains on the board of his Insight portfolio companies, and Insight founder Jeff Horing will act as special advisor to OpenView.
OpenView focuses on IT deals, particularly companies that configure software, data, and/or hardware into packages that provide meaningful value to their users. —Alastair Goldfisher