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Evolution Equity Partners

340 Madison Avenue, New York, NY, 10173, United States

Overview

Evolution Equity Partners is an international venture capital investor leveraging deep sector expertise to help exceptional entrepreneurs develop market-leading companies. The firm has a focus on cyber-security, enterprise software and consumer related opportunities and brings significant resources to portfolio companies seeking to expand in international markets. Evolution Equity Partners has invested in well-known companies including AVG Technologies, OpenDNS, Carbon Black, Onapsis, Security Scorecard, Cognitive Security, DF Labs, 60K Group and others. The firm purchases both primary and secondary shares investing in high growth businesses across multiple stages, primarily in North America, Europe and Israel. Visit us at www.evolutionequity.com or follow us on Twitter at @EvolutionEquity

Total investments
83
Lead investments
42
Investments · 12mo
10
Active investors
8

Sector focus

  • Finance
  • Financial Services
  • Venture Capital
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Investment portfolio

  • QIZ Security

    Participated · Seed · Jul 2026

    QIZ Security provides continuous cryptographic posture and PQC management across complex enterprise environments, offering discovery, inventory, risk modeling, remediation, and governance capabilities to enable crypto-agility. The platform is designed as an end-to-end operating layer for enterprise cryptography across hybrid and complex infrastructures. QIZ says it has supported more than 100 organizations and that its team brings more than six years of hands-on PQC experience. The company reports early traction in financial services, telecommunications, healthcare, and critical infrastructure and is building strategic partnerships with firms including Cisco, AWS, Google, CrowdStrike, Deloitte, EY, and IBM. Founded by Ben Volkow, Lenny Ridel, and Dr. Itan Barmes, QIZ is scaling product and go-to-market efforts to meet accelerating demand as enterprises prepare for the post-quantum transition.

  • NewCore

    Participated · Seed · Jun 2026

    NewCore builds an identity platform designed to manage both human employees and autonomous AI agents as first-class identities with permissions, lifecycle controls, and revocation mechanisms. The company uses a split-key architecture to divide critical credentials between customers and the platform and offers integrations (Agentic Skill packages) for AI coding assistants to act as managed identities. NewCore emerged from stealth and has grown to more than 50 employees across the U.S. and Israel, and is working with fewer than 10 customers and more than 10 design partners. The startup expects to begin charging customers in the summer following its seed close. Founders include Zohar Alon (formerly founder of Dome9), Amihai Neiderman, and Erez Yarkoni. After the seed, NewCore was valued at $300 million post-money.

  • Cyera

    Led · Series G · Jun 2026

    Founded in 2021, Cyera builds data security and governance tools aimed at enterprises and has said its customers include about one-fifth of the Fortune 500. The company reported its revenue more than tripled in 2025 and sources told TechCrunch it has surpassed $150 million in ARR. Cyera remains unprofitable and has been using new capital to cover operating losses while scaling sales and hiring—PitchBook reported roughly 500 new jobs this year. It has also deployed funding for acquisitions, including Ryft and Genie Security. Company spokespeople disputed some of the financial figures reported by sources.

  • Elliptic

    Participated · Series D · May 2026

    Elliptic provides digital-asset data and intelligence, continuously tracking and labeling assets and entities across more than 65 blockchains. The company offers analytics and compliance solutions used by banks, fintechs, governments and crypto firms, and reports screening over 1 billion transactions weekly for more than 700 customers. Elliptic says exchanges using its services account for two-thirds of global crypto trading, positioning it as a compliance backbone as assets move into traditional finance. Founded in 2013 and headquartered in London, Elliptic maintains offices in New York, Washington D.C., Miami, Dubai, Singapore, and Tokyo. With the $120 million Series D at a $670 million pre-money valuation, Elliptic plans to accelerate growth to meet increasing institutional adoption and the rise of tokenization and stablecoins.

  • Kai

    Led · Series A · Mar 2026

    Kai is an AI-powered cybersecurity startup that is about a year old. The company develops cybersecurity tools leveraging artificial intelligence. In its first major financing, Kai secured $125 million in a combined seed and Series A round led by Evolution Equity Partners with participation from N47 and other investors. The raise places Kai among early-stage companies attracting significant institutional capital in the cybersecurity space. Public coverage frames the company as benefiting from booming investor demand for smart cyber tools. No public operating metrics, revenue figures, or specific product roadmaps were disclosed in the articles.

Team

  • Dennis Smith

    Managing Partner and Founder

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  • Richard Seewald

    Founder and Managing Partner

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  • Heather Fraser

    Chief Financial Officer & Chief Operating Officer

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  • Bernhard Vogeli

    Partner, Chief Operating Officer & Head of Operations

    LinkedIn