Evolution Equity Partners Expands Cybersecurity Focused Investment Platform

• The Firm Expands Capital Base, Team and Access to Best of Breed Software Companies Amidst Growing Investment Opportunity

Evolution Equity Partners expands cybersecurity investment platform in 2020 as a leading investor in the segment. The firm grows its capital base, AUM, team and partnerships with best of breed software companies as the cybersecurity investment opportunity rapidly grows.

In 2020, Evolution activated a $250m Fund after fully investing a $125m Fund in 2019 and increased AUM to over $675m. The firm completed 8 investments this year including:

• Quantexa – London based market leader in financial crime detection and real time AML/KYC. $56m Series C Round led by Evolution.
• Unbound Technologies – New York City/Tel Aviv based market leader in secure multi-party computation and cryptographic keys. $20m Series B Round led by Evolution.
• Awake Security – Palo Alto based leading network security platform. $36m Series C Led by Evolution.
• (Stealth Company) – London based Quantum cybersecurity company. Early-stage financing led by Evolution.

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Existing portfolio companies raised follow on rounds of financing in 2020 including:

• DefinedCrowd – Seattle based AI/ML data platform leader.
• Panaseer – London based continuous control monitoring cybersecurity leader.
• Onapsis – Boston based application cybersecurity leader.
• Logpoint – Copenhagen based security incident and event management (SIEM) leader.
• CounterCraft – London based cyber deception and threat intelligence platform.

Evolution cybersecurity portfolio companies growth news:

• Security Scorecard – Security Scorecard Accelerates on Pathway to 20 million Rated Companies
• Truefort – Winner of 2020 Red Herring Top 100 North America Award
• DFLabs – IncMan SOAR SaaS Cloud Platform Drives Growth 

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Richard Seewald, Founder & Managing Partner at Evolution, stated: “In 2020 Evolution continued to add talent and assets to a team of leading cybersecurity investors and company builders while partnering with trailblazing software companies expanding in global markets. As we look to 2021, there are a unique set of conditions that set the stage for cybersecurity entrepreneurs to make meaningful impact protecting critical infrastructure in cyberspace. Evolution is privileged to be partnering with these great companies.”

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