US Deputy Chief Technology Officer, Nick Sinai has left the White House to join Insight Venture Partners as a partner. In this role, Sinai will focus on working with existing portfolio companies in the data and software sectors, and identifying new opportunities for investment in these sectors.
At the White House, Sinai served as U.S. Deputy CTO where he led President Obama's open data and open government initiatives, and worked to advance innovation in heath, energy, and education sectors. He helped start and grow the Presidential Innovation Fellows program, which brings entrepreneurs and technologists into Federal government. Sinai also played a key role in developing the administration's $4.5 billion grid modernization strategy to build a smarter and more secure electric grid, and helped develop the President's ConnectED initiative.
Prior to serving in government, Sinai was in the venture capital industry at Lehman Brothers Venture Partners (now Tenaya Capital) and Polaris Partners.
Insight Venture Partners is targeting $2.4 billion for its eighth vehicle, and also launched a separate co-investment fund in May of this year – Insight Venture Partners Coinvestment Fund III with $510 million in commitments. The fund will invest alongside Insight Venture Partners VIII, according to Private Equity International’s research and analytics division.
This week the firm also announced an investment in Wealth-X, a company that provides marketing and compliance services to non-profits targeting ultra high net worth individuals. Wealth-X will retain its management team and plans to use the investment to grow the business.