Evolution Equity Partners has received a $50.8 million commitment from British Patient Capital for their third fund. This specialist technology investor focuses on cybersecurity and enterprise software companies. The investment by British Patient Capital follows a previous $35 million commitment to Evolution’s second fund in 2020.
As an Investment Director at British Patient Capital, Robert Greenwood highlighted the evolution of cybersecurity over the last two decades. He emphasized how cybersecurity has become a crucial application across all sectors as businesses strive to protect themselves, their customers, and their products. This investment showcases the UK’s leadership in cybersecurity innovation and its expertise in this valuable technology sector.
Richard Seewald, Founder and Managing Partner at Evolution Equity Partners, expressed excitement about partnering with British Patient Capital and NSSIF to support UK-based cybersecurity companies. The goal is to provide these companies with capital, knowledge, tools, and strategies to drive performance and success in the global market. Seewald stressed the critical importance of cybersecurity to the safety of UK-based enterprises, governments, and consumers. He highlighted how the current environment underscores the necessity of next-generation technology that can defend and protect society and our way of life.
Evolution Equity Partners has made several previous investments in Quantexa, a global data and analytics software company that achieved unicorn status in 2023, and Panaseer, an enterprise security platform. This new investment will help continue their focus on investing in innovative cybersecurity companies that have the potential for growth and success in the global market.
British Patient Capital’s commitment to Evolution Equity Partners highlights their continued support for UK-based technology startups working on cutting-edge solutions that have the potential to shape our future. With this investment, Evolution Equity Partners will be able to expand their reach into new markets while continuing to support their portfolio companies’ growth through access to funding, strategic advice, mentorship opportunities, and networking events.
In conclusion, this partnership between British Patient Capital and Evolution Equity Partners is a significant step towards supporting UK-based innovation in cybersecurity technology while also driving economic growth through investment in high-potential startups. As we continue to face growing threats from cybercriminals around the world