Evolution Equity Partners closes $ 400 million for cybersecurity investment in oversubscribed fundraiser


Company Expands Capital Base, Team and Platform to Respond to Rapidly Growing Cybersecurity Investment Opportunity

Posted: October 14, 2021 at 6:00 a.m. MDT|Update: 4 hours ago

NEW YORK and LONDON and PALO ALTO, California and ZURICH, October 14, 2021 / PRNewswire / – Evolution Equity Partners today announced the final closing of a new fund and total capital commitments of $ 400 million invest in cybersecurity and enterprise software companies that protect our digital world. The fundraising was largely oversubscribed and is supported by a leading base of institutional investors, businesses and family offices, new and old, from United States, Europe, Middle East and Asia.

The Evolution Technology Fund II LP will make investments in the range of $ 10 million To $ 50 million in early stage and growing cybersecurity companies and in companies using machine learning, big data and SaaS to create market-leading platforms. Across three funds, the company has supported iconic companies in this category, including SecurityScorecard, Carbon Black, Arqit-Quantum, DefinedCrowd, Quantexa, DICE, Onapsis, Elliptic, Unbound, Cape Privacy, Satori Cyber, Solidus Labs, Truefort, Panaseer, AVG Technologies, DFLabs, Logpoint, Eperi, OpenDNS among a portfolio of 40 cybersecurity companies.

“This capital increase demonstrates the continued confidence of our global investor base in the ability of Evolution Equity Partners to invest in market-leading software companies,” said Richard Seewald, founder and managing partner at Evolution Equity Partners. “At the same time, we pay tribute to the founders and teams with whom we have partnered and who demonstrate a tremendous ability to implement visionary and groundbreaking results that help protect our digital world. “

Evolution Equity Partners was founded by investors and tech entrepreneurs Richard Seewald and Dennis smith, who run and run the firm, and are joined by partners Karthik Subramanian (former Head of Cyber ​​Security Business Development, Cisco Systems), Karel Obluk (former CTO, AVG Technologies), JR Smith (former CEO, AVG Technologies) and a team of specialists of 20 professionals based in new York, Palo Alto, London and Zurich. Team members have been founders, operating executives and investors in leading software companies around the world and are committed to helping exceptional entrepreneurs grow market-leading businesses.

“We are at the very beginning of a secular trend in the cybersecurity space that involves increased spending by large enterprises, small businesses and consumers, a rapidly expanding threat surface, market consolidation and demand. for next-generation products and services that make it a very attractive segment for investment, ”said Founder and Managing Partner Dennis Smith. “We are experiencing unprecedented disruptive forces including migration to the cloud, working from home and accelerating digitization and increasingly sophisticated adversaries. Cyber ​​security companies now have an unlimited opportunity to embody their innovations and leverage creativity for lasting benefit to society. Evolution Equity Partners is proud to continue to support leading cybersecurity companies. “

About Evolution Equity Partners

Evolution Equity Partners, based in New York, Palo Alto, London and Zurich are investing in fast-growing cybersecurity and enterprise software companies that protect our digital world. The company was founded by investors and tech entrepreneurs Richard Seewald and Dennis smith, who manage and direct the business and its partners have been involved as founders, investors and senior operating executives in major software companies around the world. Evolution currently manages over $ 1 billion in assets across a growing portfolio of market-leading companies. Learn more about www.evolutionequity.com and follow us on LinkedIn and Twitter.

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SOURCE Evolution Equity Partners

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