Evolutionequity

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Overview

Evolution Equity Partners is an international venture capital firm specializing in cybersecurity investments. Founded by technology entrepreneurs, the firm provides capital and resources to startups across seed, Series A, Series B, and growth stages, supporting companies from inception through IPO. The firm manages over $2 billion in assets under management and has backed approximately 60 portfolio companies, establishing itself as a leader in the cybersecurity investment space with a track record of significant exits including Carbon Black (acquired by VMware for $2.1 billion) and OpenDNS (acquired by Cisco for $635 million).

History

Evolution Equity Partners was founded in 2008 by technology entrepreneurs and established offices in New York, Palo Alto, Zurich, and London. The firm closed Evolution Technology Fund III, LP in April 2024, raising $1.1 billion, which became the largest dedicated cybersecurity fund at the time of closing. The firm's portfolio includes notable cybersecurity companies such as Security Scorecard, Arctic Wolf, Snyk, and Pentera, demonstrating consistent focus on the cybersecurity sector. As of February 2026, the firm is actively raising Evolution Technology Fund IV.

Product Lines

Product Line	Positioning	Price Range
Early-Growth Stage Investments	Primary focus for capital allocation	Varies by round
Later-Growth Stage Investments	Secondary allocation tier	Varies by round
Early-Stage Venture Capital	Seed and Series A opportunities	Varies by round

Manufacturing

As a venture capital firm, Evolution Equity Partners does not manufacture physical products. The firm provides capital, strategic guidance, and operational resources to portfolio companies that develop cybersecurity software and technology solutions.

Notable Products

Security Scorecard Portfolio Investment - Risk assessment and cybersecurity scoring platform backed by the firm
Arctic Wolf Portfolio Investment - Comprehensive cyber risk management platform for enterprises
Snyk Portfolio Investment - Open source software security platform
Pentera Portfolio Investment - Automated security validation and penetration testing services
Talon Portfolio Investment - Secure access solutions for enterprise environments
Quantexa Portfolio Investment - Decision intelligence platform for financial crime detection

Reputation

Evolution Equity Partners is recognized as a specialized and disciplined investor in the cybersecurity sector, with deep expertise from founder-entrepreneurs who have built software companies. The firm is noted for its ability to identify and support early-stage cybersecurity companies that achieve significant scale and successful exits. The firm's $1.1 billion Fund III closing in 2024 was oversubscribed, reflecting strong confidence from institutional and high-net-worth limited partners in its investment thesis and track record.

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