Insight Partners Backs Silver Lake and General Atlantic’s A Place For Mom

A Place for Mom, a private company that helps families find resources to care for senior citizens, has raised $175 million in its latest funding round led by Insight Partners, according to a statement reviewed by Bloomberg News.

Existing backers General Atlantic and Silver Lake have also participated in the round, which values the company at more than $1 billion, according to a person familiar with the matter, who asked not to be identified discussing confidential information. The company declined to comment on valuation.