Evolution Equity Partners, a global venture capital firm, closed a new fund, at $ 400 million.
Backed by a leading base of new and old institutional investors, businesses and family offices from the United States, Europe, the Middle East and Asia, Evolution Technology Fund II LP will invest in companies from cybersecurity and business software that protect the digital world.
The fund will invest in a range of $ 10 million to $ 50 million in early stage and growth companies in cybersecurity and in companies using machine learning, big data and SaaS to build leading platforms on the market.
Led by Founders and Managing Partners Dennis Smith and Richard Seewald, Evolution Equity Partners invests in cybersecurity and enterprise software companies that protect its digital world.
The company currently manages over $ 1 billion in assets. Over three funds, Evolution has supported companies 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.
Seewald and Smith are joined by partners Karthik Subramanian (former Head of Cyber ââSecurity Business Development, Cisco Systems), Karel Obluk (former CTO, AVG Technologies), JR Smith (former CEO, AVG Technologies) and a team of 20 specialists. professionals based in New York, Palo Alto, London and Zurich. Team members have been founders, operating officers and investors in leading software companies around the world.