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Evolution Equity Partners

North America, New York, United States, New York

Description

Evolution Equity Partners is a New York-based venture capital firm established in 2014, specializing in cybersecurity and enterprise software investments. The firm is recognized for its deep sector expertise and global presence, with offices in New York, London, and Zurich. They primarily target companies from early-stage to growth equity, aiming to support entrepreneurs in developing market-leading solutions within the critical cybersecurity landscape.

Evolution Equity Partners employs a hands-on approach, leveraging its extensive network and operational experience to accelerate the growth of its portfolio companies. They seek out innovative technologies and strong management teams that are poised to disrupt or lead their respective markets. Their strategy involves not just capital injection but also strategic guidance, market access, and talent acquisition support, positioning themselves as true partners to their founders.

The firm has demonstrated significant growth in its capital deployment capabilities. In late 2022, Evolution Equity Partners announced the closing of its fourth fund, Evolution Technology Fund IV, with $400 million in committed capital. This substantial fund size allows them to make significant initial investments, typically ranging from $10 million for earlier-stage rounds up to $75 million for growth equity opportunities. Their previous funds include Evolution Technology Fund III at $225 million, highlighting a consistent upward trajectory in their investment capacity and commitment to the cybersecurity sector.

Evolution Equity Partners is dedicated to fostering the next generation of cybersecurity leaders, contributing to a more secure digital world. Their focused investment thesis allows them to build specialized knowledge and relationships within the industry, providing a distinct advantage to their portfolio companies. They are known for backing companies that address critical security challenges, from cloud security to threat intelligence and identity management, driving innovation and market leadership.

Investor Profile

Evolution Equity Partners has backed more than 75 startups, with 8 new investments in the last 12 months alone. The firm has led 43 rounds, about 57% of its total and boasts 15 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series A, Seed, Series B rounds (top funding stages).
  • Majority of deals are located in United States, United Kingdom, Israel.
  • Strong thematic focus on Cyber Security, Software, Security.
  • Led 5 rounds in the past year.
  • Typical check size: $10M – $75M.

Stage Focus

  • Series A (29%)
  • Seed (24%)
  • Series B (20%)
  • Series C (16%)
  • Series D (4%)
  • Series E (4%)
  • Series G (1%)
  • Series F (1%)

Country Focus

  • United States (57%)
  • United Kingdom (17%)
  • Israel (13%)
  • Denmark (3%)
  • Italy (3%)
  • Spain (3%)
  • Germany (1%)
  • Czech Republic (1%)
  • Canada (1%)

Industry Focus

  • Cyber Security
  • Software
  • Security
  • Network Security
  • Information Technology
  • Artificial Intelligence (Ai)
  • Cloud Security
  • Risk Management
  • Machine Learning
  • Saas
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Evolution Equity Partners frequently co-invest with?

Sequoia Capital
North America, California, United States, Menlo Park
Co-Investments: 5
StepStone Group
North America, New York, United States, New York
Co-Investments: 3
Accomplice
North America, Massachusetts, United States, Cambridge
Co-Investments: 6
Team8
Asia, Tel Aviv, Israel, Tel Aviv-yafo
Co-Investments: 4
AlbionVC
Europe, England, United Kingdom, London
Co-Investments: 8
boldstart ventures
North America, Florida, United States, Miami
Co-Investments: 9
Paladin Capital Group
North America, District of Columbia, United States, Washington
Co-Investments: 5
Salesforce Ventures
North America, California, United States, San Francisco
Co-Investments: 3
AXA Venture Partners
Europe, Ile-de-France, France, Paris
Co-Investments: 3
Intel Capital
North America, California, United States, Santa Clara
Co-Investments: 4

Which angels does Evolution Equity Partners often collaborate with?

ME
North America, Florida, United States, Miami
Shared Deals: 1
GK
North America, California, United States, San Jose
Shared Deals: 2
David Krell
North America, New York, United States, New York
Shared Deals: 1
AY
North America, New York, United States, New York
Shared Deals: 1
J. Christopher Giancarlo
North America, District of Columbia, United States, Washington
Shared Deals: 2
JF
North America, Massachusetts, United States, Cambridge
Shared Deals: 1
NR
North America, California, United States, San Francisco
Shared Deals: 2
AA
North America, Maryland, United States, Bethesda
Shared Deals: 1
Daniel Gorfine
North America, District of Columbia, United States, Washington
Shared Deals: 2
SK
North America, New York, United States, New York
Shared Deals: 1

What are some of recent deals done by Evolution Equity Partners?

Noma Security

Herzliya, Tel Aviv, Israel

Noma Security is a unified platform focused on AI and agent security, enabling cybersecurity to control AI risks.

Artificial Intelligence (AI)Cyber SecurityNetwork SecuritySecurity
Series BJul 31, 2025
Amount Raised: $100,000,000
Ox Security

Tel Aviv, Tel Aviv, Israel

Ox Security is an application security platform that helps organizations manage software security throughout the development lifecycle.

Artificial Intelligence (AI)Cyber SecurityNetwork SecurityRisk Management
Series BMay 7, 2025
Amount Raised: $60,000,000
GetReal Labs

San Mateo, California, United States

GetReal Labs is to protect businesses throughout the world from the risks caused by the malicious use of modified and synthetic data.

Information TechnologyInternet
Series AMar 26, 2025
Amount Raised: $17,500,000
Pentera

Burlington, Massachusetts, United States

Pentera is the market leader in Automated Security Validation

Cloud SecurityCyber SecurityInformation TechnologyNetwork SecurityPenetration TestingSecuritySoftware
Series DMar 12, 2025
Amount Raised: $60,000,000
Backline AI

Englewood, New Jersey, United States

Backline is an AI driven platform that clears security backlog and assesses risk, accelerating efforts with autonomous and manual solutions.

Artificial Intelligence (AI)Cloud SecuritySecurity
SeedJan 30, 2025
Amount Raised: $9,000,000
Halcyon

Austin, Texas, United States

Halcyon is an anti ransomware and cyber resilience platform that eliminates the business impact of ransomware.

Artificial Intelligence (AI)ComputerCyber SecurityNetwork SecuritySoftware
Series CNov 25, 2024
Amount Raised: $100,000,000
Augment Code

Palo Alto, California, United States

Augment Code is an AI-powered platform for software development that provides services for chat, code completions, and guided edits.

Artificial Intelligence (AI)Generative AISoftwareWeb Development
Series BNov 4, 2024
Torq

Tel Aviv, Tel Aviv, Israel

Torq is an AI-first security hyperautomation company that provides a no-code automation platform designed to enhance security operations.

Artificial Intelligence (AI)Cloud SecurityCyber SecuritySoftware
Series CSep 24, 2024
Amount Raised: $70,000,000
Protect AI

Seattle, Washington, United States

Protect AI offers a cybersecurity platform that specializes in protecting machine learning models and artificial intelligence systems.

Artificial Intelligence (AI)Cyber SecurityMachine LearningSecuritySoftware
Series BAug 2, 2024
Amount Raised: $60,000,000
Cytactic

Tel Aviv, Tel Aviv, Israel

Cytactic is a cyber crisis management company that provides advisory, cyber crisis simulation, and posture assessment services.

AdviceCyber SecurityRisk Management
SeedJul 10, 2024
Amount Raised: $16,000,000