Evolution Fairness Companions Shut $400M for Cybersecurity Investments



NEW YORK and LONDON and PALO ALTO, Calif. and ZURICH, Oct. 14, 2021 /PRNewswire/ — Evolution Fairness Companions right now introduced the ultimate closing of a brand new fund and complete capital commitments of $400 million to make investments in cybersecurity and enterprise software program firms that safeguard our digital world. The fund increase was closely oversubscribed and is backed by a premier base of latest and returning institutional buyers, corporates, and household places of work from the US, Europe, Center East and Asia.
The Evolution Expertise Fund II L.P. will make investments within the vary of $10 million to $50 million in early and development stage firms in cybersecurity and in firms using machine studying, massive knowledge and SaaS to construct market main platforms. Over three funds, the agency has backed iconic firms on this class together with SecurityScorecard, Carbon Black, Arqit-Quantum, DefinedCrowd, Quantexa, DICE, Onapsis, Elliptic, Unbound, Cape Privateness, Satori Cyber, Solidus Labs, Truefort, Panaseer, AVG Applied sciences, DFLabs, Logpoint, Eperi, OpenDNS amongst a portfolio of 40 firms in cybersecurity.
“This capital increase is demonstrative of the continued confidence of our international investor base within the potential of Evolution Fairness Companions to spend money on market main software program firms,” stated Richard Seewald, Founder and Managing Accomplice at Evolution Fairness Companions. “On the identical time, we pay tribute to the founders and groups that we’ve parntered with that present super potential to execute on visionary and sport altering outcomes that assist safeguard our digital world.”
Evolution Fairness Companions was based by investor and know-how entrepreneurs Richard Seewald and Dennis Smith, who handle and lead the agency, and are joined by companions Karthik Subramanian (former head of company growth cybersecurity, Cisco Techniques), Karel Obluk (former CTO, AVG Applied sciences), J.R. Smith (former CEO, AVG Applied sciences), and a specialist crew of 20 professionals based mostly out of New York, Palo Alto, London and Zurich. The crew members have been founders, working executives and buyers in main software program firms all over the world and are dedicated to a mission of serving to distinctive entrepreneurs develop market main firms.
“We’re within the early innings of a secular development within the cybersecurity house that entails elevated spend by giant enterprises, smaller companies and shoppers alike, a quickly increasing risk floor, market consolidation and demand for subsequent technology services and products that makes this a really compelling phase for funding,” stated Founder and Managing Accomplice Dennis Smith. “We’re experiencing unprecedented disruptive forces together with migration to the cloud, do business from home and accelerated digitalization and more and more subtle adversaries. Cybersecurity firms now have boundless alternative to embody their improvements and leverage creativity for sustainable profit to society. Evolution Fairness Companions is proud to proceed to again main cybersecurity firms.”
About Evolution Fairness Companions
Evolution Fairness Companions, based mostly in New York Metropolis, Palo Alto, London and Zurich makes investments in quickly rising cybersecurity and enterprise software program firms that safeguard our digital world. The agency was based by investor and know-how entrepreneurs Richard Seewald and Dennis Smith, who handle and lead the agency and its companions have been concerned as founders, buyers and as senior working executives in main software program firms all over the world. Evolution presently has over $1 billion of property below administration in a rising portfolio of market main firms. Be taught extra at www.evolutionequity.com and observe us at LinkedIn and Twitter.
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