Insight Partners — the New York software investor founded in 1995 — has 797 portfolio companies on the network, and every single one of them is matched: 797 of 797. Its profile sits at apis.io/vcs/insight-partners/.
That is the highest match rate of any large fund we track, and it is a direct consequence of the thesis. Insight invests in software, software ships APIs, and so the portfolio is almost perfectly legible to a catalog built on API artifacts.
The band distribution
| Band | Companies |
|---|---|
| Exemplar | 12 |
| Strong | 31 |
| Developing | 108 |
| Thin | 133 |
| Emerging | 209 |
| Minimal | 304 |
Portfolio average: 26.0, an emerging-band composite. Agent readiness across the book: 68 agent-native, 123 agent-ready, with the portfolio landing in the agent-aware band overall.
The top of the book
| Company | Score | Band | APIs |
|---|---|---|---|
| New Relic | 83.1 | Exemplar | 41 |
| Bubble | 80.3 | Exemplar | 6 |
| Postman | 79.1 | Exemplar | 24 |
| JFrog | 77.6 | Exemplar | 53 |
| Workato | 76.6 | Exemplar | 11 |
| Qonto | 76.3 | Exemplar | 13 |
| Anthropic | 75.1 | Exemplar | 24 |
| Databricks | 75.0 | Exemplar | 57 |
| Unit | 72.7 | Exemplar | 16 |
| OpenAI | 72.2 | Exemplar | 51 |
| parcelLab | 72.1 | Exemplar | 8 |
| DocuSign | 71.5 | Exemplar | 134 |
New Relic at 83.1 is one of the highest composites in the catalog. Postman at 79.1 is fitting for a company whose product is API tooling.
What the shape says
Twelve exemplars out of 797 is 1.5% of the book. Meanwhile 304 companies — 38% — sit in the minimal band.
That distribution is not a failure of diligence. It is what a large software portfolio actually looks like when you measure it on API description quality rather than revenue. The top of the book is composed of infrastructure and developer-tools companies where the API is the product: observability, API tooling, artifact management, integration, LLM inference. Those companies cannot underinvest in their API surface without damaging the product.
The long tail is application software — vertical SaaS, workflow tools, point solutions — where the API is an integration feature rather than the thing being sold. Those companies ship an API because a customer asked, and describe it accordingly.
The 26.0 average is therefore the honest number for a broad software portfolio, and the 12 exemplars are the ones whose customers are developers.
Takeaway
797 of 797 portfolio companies matched, twelve in the exemplar band, 38% minimal, and a 26.0 average. Insight’s API-strong companies are almost entirely the ones selling to engineers — New Relic, Postman, JFrog, Databricks, OpenAI, Anthropic. Everything else treats the API as a feature, and the catalog can tell the difference.
Browse the portfolio at apis.io/vcs/insight-partners/.