Fund will Partner with leading Cybersecurity and Next Generation Enterprise Software and Services Companies to Support International Growth
NEW YORK & ZURICH–(BUSINESS WIRE)–July 17, 2017–
Evolution Equity Partners today announced the final closing of a new fund with total capital commitments of $125 million to make investments in cybersecurity and next generation enterprise software and services in North America, Europe and Israel.
The fund exceeded its target and is backed by leading institutional investors, corporates, family offices and technology entrepreneurs from the United States and Europe including Cisco Investments, The European Investment Fund (EIF), Witelo Fund (PZU Insurance Group), Alpha Associates among others.
The Evolution Technology Fund L.P. will make investments in the range of $5 million to $25 million in early and growth stage companies in cybersecurity and in companies utilizing machine learning, big data, SaaS, mobile and the convergence of consumer and enterprise software to build market leading platforms.
Evolution sees tremendous opportunity in Europe, the United States and Israel alike to partner and invest in next generation cybersecurity and enterprise software companies and help position them for international growth.