Evolution Equity Closes On $1.1 Billion for Cybersecurity Investment in Oversubscribed Fund Raise

Cybercrime Magazine Podcast

Evolution Equity Partners today announced the final closing of Evolution Technology Fund III, LP and total capital commitments of $ 1.1 Billion to back visionary entrepreneurs building next generation cybersecurity companies that safeguard the digital world. The fund raise was oversubscribed by existing and new limited partners representing a diversified mix of leading institutions, sovereign investors, insurance companies, endowments, foundations, fund of funds, family offices, and high-net-worth individuals. The capital committed gives Evolution Equity Partners a dedicated pool of capital to pursue opportunities for investment ranging from $20 million to $150 million in cybersecurity and in companies utilizing machine learning and AI to build market leading platforms. Significant investments made to date by Evolution include SecurityScorecard, Arctic Wolf, Protect AI, Talon Cyber, Torq, Snyk, Sweet Security, Aqua Security, Oleria, Halcyon, Cybsafe, Phosphorus, DefinedAI, Carbon Black, Panaseer, AVG Technologies, OpenDNS, Pentera, and Quantexa amongst 60 portfolio companies the firm has backed. Read the Press Release: https://www.prnewswire.com/news-releases/evolution-equity-partners-closes-on-1-1-billion-for-cybersecurity-investment-in-oversubscribed-fund-raise-302117459.html