Country for PR: United States
Contributor: PR Newswire New York
Thursday, October 14 2021 - 23:00
AsiaNet
Evolution Equity Partners Close $400 Million for Cybersecurity Investment in Oversubscribed Fund Raise
NEW YORK and LONDON and PALO ALTO, Calif. and ZURICH, Oct. 14, 2021 /PRNewswire-AsiaNet/ -

--The Firm Expands Capital Base, Team and Platform Addressing a Rapidly Growing 
Cybersecurity Investment Opportunity 

Evolution Equity Partners today announced the final closing of a new fund and 
total capital commitments of $400 million to make investments in cybersecurity 
and enterprise software companies that safeguard our digital world. The fund 
raise was heavily oversubscribed and is backed by a premier base of new and 
returning institutional investors, corporates, and family offices from the 
United States, Europe, Middle East and Asia.  

The Evolution Technology Fund II L.P. will make investments in the range of $10 
million to $50 million in early and growth stage companies in cybersecurity and 
in companies utilizing machine learning, big data and SaaS to build market 
leading platforms. Over three funds, the firm has backed 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 amongst a portfolio of 40 companies in cybersecurity.

"This capital raise is demonstrative of 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 that we have parntered with that show tremendous ability to execute 
on visionary and game changing outcomes that help safeguard our digital world."

Evolution Equity Partners was founded by investor and technology entrepreneurs 
Richard Seewald and Dennis Smith, who manage and lead the firm, and are joined 
by partners Karthik Subramanian (former head of corporate development 
cybersecurity, Cisco Systems), Karel Obluk (former CTO, AVG Technologies), J.R. 
Smith (former CEO, AVG Technologies), and a specialist team of 20 professionals 
based out of New York, Palo Alto, London and Zurich. The team members have been 
founders, operating executives and investors in leading software companies 
around the world and are committed to a mission of helping exceptional 
entrepreneurs develop market leading companies. 

"We are in the early innings of a secular trend in the cybersecurity space that 
involves increased spend by large enterprises, smaller businesses and consumers 
alike, a rapidly expanding threat surface, market consolidation and demand for 
next generation products and services that makes this a very compelling segment 
for investment," said Founder and Managing Partner Dennis Smith. "We are 
experiencing unprecedented disruptive forces including migration to the cloud, 
work from home and accelerated digitalization and increasingly sophisticated 
adversaries. Cybersecurity companies now have boundless opportunity to embody 
their innovations and leverage creativity for sustainable benefit to society. 
Evolution Equity Partners is proud to continue to back leading cybersecurity 
companies."

About Evolution Equity Partners

Evolution Equity Partners, based in New York City, Palo Alto, London and Zurich 
makes investments in rapidly growing cybersecurity and enterprise software 
companies that safeguard our digital world. The firm was founded by investor 
and technology entrepreneurs Richard Seewald and Dennis Smith, who manage and 
lead the firm and its partners have been involved as founders, investors and as 
senior operating executives in leading software companies around the world. 
Evolution currently has over $1 billion of assets under management in a growing 
portfolio of market leading companies. Learn more at www.evolutionequity.com 
and follow us at LinkedIn ( 
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SOURCE: Evolution Equity Partners

CONTACT: Jonathan Zaback, jzaback@impactpartners.llc