Evolution Equity on the road for second fund – report
Venture capital investor Evolution Equity Partners is on the road for its second fund, which is targeting $250m, according to a report from Czech Republic-based publication E15.
Evolution Equity registered Evolution Technology II in January 2019. The fund is domiciled in Luxembourg.
The VC is headquartered in New York and also has offices in Zurich and Palo Alto.
Evolution Equity's predecessor vehicle and debut fund held a final close in July 2017 on $125m, following a first close in September 2015 on $70m. The fund deployed equity tickets of $5-25m, focusing primarily on series-A and early-stage cybersecurity and enterprise software companies in Europe, Israel and North America.
The fund's investments include Italy-based cybersecurity software company DFLabs. The firm backed a $5.5m series-A round in May 2016 and a $3.5m round for the company in February 2018.
The European Investment Fund has committed to Evolution Technology II. LPs in the firm's debut fund included funds-of-funds and institutional investors, such as Alpha Associates and PZU Insurance Group, according to Unquote Data.
More on Fundraising
Hayfin exceeds EUR 6bn target for fourth direct lending fund
Firm expects to raise EUR 7bn by year-end as it gears up to meet growing private credit demand in Europe
Unquote Private Equity Podcast: PE perspectives from Berlin
Unquoteтs Min Ho and Rachel Lewis digest the key takeaways from this yearтs SupeReturn
EQT launches semi-liquid strategy for individual investors
Strategy will focus on PE and infrastructure and will be led by ex-Partners Group exec William Vettorato
Wise Equity closes sixth fund on EUR 400m, eyes Italian family-owned B2B targets
Italian GP reached its hard-cap, raising its biggest fund to date four months after launching
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Czech Republic-headquartered family office is targeting DACH and CEE region deals
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Ex-Rocket Internet leader Bettina Curtze joins Swiss VC firm as partner and CFO
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Estonia-registered VC could bolster LP base with fresh capital from funds-of-funds or pension funds