TLDR:
- Evolution Equity Partners raises $1.1 billion for cybersecurity investments in the UK and EU.
- The fund will focus on investing in visionary entrepreneurs who are building next-generation cybersecurity companies.
Article Summary:
Evolution Equity Partners has successfully closed Evolution Technology Fund III LP, raising $1.1 billion to support cybersecurity investments in the UK and EU. The fund, oversubscribed by a mix of institutional and individual investors, aims to back entrepreneurial ventures focusing on safeguarding the digital world. The fund’s capital commitment includes contributions from British Patient Capital, highlighting support from leading investors in the market. The firm’s investment strategy spans investments ranging from $20 million to $150 million in cybersecurity companies across the US, UK, EU, and Israel.
Evolution Equity Partners has made significant investments in the UK and EU markets, supporting companies such as AVG Technologies, Quantexa, and DF Labs among others. The team, led by founders Richard Seewald and Dennis Smith, brings extensive experience in cybersecurity entrepreneurial ventures and investments. They aim to equip companies with the resources and strategy to drive growth and become industry leaders.
The firm’s “Centers of Excellence for Cybersecurity Growth” serves as an operating playbook to guide cybersecurity startups from inception to IPO, emphasizing performance-driven strategy and knowledge sharing. Evolution Equity Partners’ commitment to supporting exceptional entrepreneurs reflects in its diverse portfolio of market-leading companies. The fund’s partnership with British Patient Capital aligns with the objective of empowering promising UK technology companies to access long-term financing for growth.
Throughout its history, Evolution Equity Partners has demonstrated a strong track record in cybersecurity investments, exemplified by its involvement in scaling European cybersecurity companies on a global stage. The firm’s team of industry professionals has been integral in shaping the success of its portfolio companies and will continue to drive growth and innovation in the cybersecurity sector.
