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The Venture Codex

Overview

Venture capital firm investing in cybersecurity and enterprise software.

Founded

2008

Deals · 12mo

12

Stage focus

Series A
Series B

Geographic focus

Israel
United Kingdom
United States

Sector focus

Finance
Financial Services
Venture Capital

Investment portfolio

86rounds
NAMEDATESIZE
Island
Sep 2026Led
$400 MSeries F
Outerlimit
Sep 2026Participated
$16 MSeed
Clay
Sep 2026Participated
$115 MSeries D
QIZ Security
Jul 2026Participated
$17 MSeed
NewCore
Jun 2026Participated
$66 MSeed
Cyera
Jun 2026Led
$300 MSeries G
Elliptic
May 2026Participated
$120 MSeries D
Kai
Mar 2026Led
$125 MSeries A
Torq
Jan 2026Participated
$140 MSeries D
Sweet Security
Nov 2025Led
$75 MSeries B
Oleria
Nov 2025Participated
$19 MOther Equity
Armis Security
Nov 2025Participated
$435 MOther Equity
Island
Sep 2026Led
$400 MSeries F
Outerlimit
Sep 2026Participated
$16 MSeed
Clay
Sep 2026Participated
$115 MSeries D
QIZ Security
Jul 2026Participated
$17 MSeed
NewCore
Jun 2026Participated
$66 MSeed
Cyera
Jun 2026Led
$300 MSeries G
Elliptic
May 2026Participated
$120 MSeries D
Kai
Mar 2026Led
$125 MSeries A
Torq
Jan 2026Participated
$140 MSeries D
Sweet Security
Nov 2025Led
$75 MSeries B
Oleria
Nov 2025Participated
$19 MOther Equity
Armis Security
Nov 2025Participated
$435 MOther Equity
86
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Insights

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Deal Distribution

Evolution Equity Partners: 86 funding rounds are recorded in the selected participation categories.All available history.
Evolution Equity Partners: 86 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed57
Series A163
Series B812
Series C+1113
Other Equity38

Monthly Deal Activity

Evolution Equity Partners: 86 deals are recorded across 150 months.All available history.
Evolution Equity Partners: 86 deals are recorded across 150 months. All available history
MonthDeals
May '141
Jun '140
Jul '140
Aug '140
Sep '140
Oct '140
Nov '140
Dec '140
Jan '150
Feb '150
Mar '151
Apr '150
May '150
Jun '150
Jul '150
Aug '150
Sep '151
Oct '151
Nov '150
Dec '150
Jan '160
Feb '160
Mar '160
Apr '160
May '161
Jun '161
Jul '160
Aug '161
Sep '160
Oct '160
Nov '160
Dec '160
Jan '170
Feb '171
Mar '170
Apr '171
May '170
Jun '171
Jul '170
Aug '170
Sep '170
Oct '171
Nov '170
Dec '170
Jan '180
Feb '182
Mar '181
Apr '182
May '180
Jun '181
Jul '182
Aug '180
Sep '181
Oct '180
Nov '180
Dec '180
Jan '190
Feb '190
Mar '190
Apr '190
May '190
Jun '192
Jul '190
Aug '190
Sep '190
Oct '190
Nov '191
Dec '190
Jan '200
Feb '200
Mar '200
Apr '201
May '201
Jun '201
Jul '201
Aug '200
Sep '201
Oct '200
Nov '201
Dec '200
Jan '210
Feb '210
Mar '211
Apr '211
May '212
Jun '210
Jul '211
Aug '210
Sep '213
Oct '211
Nov '210
Dec '210
Jan '222
Feb '221
Mar '221
Apr '221
May '221
Jun '221
Jul '221
Aug '221
Sep '221
Oct '221
Nov '220
Dec '221
Jan '230
Feb '231
Mar '230
Apr '231
May '230
Jun '231
Jul '231
Aug '230
Sep '230
Oct '230
Nov '231
Dec '231
Jan '243
Feb '240
Mar '241
Apr '241
May '240
Jun '240
Jul '241
Aug '241
Sep '242
Oct '240
Nov '242
Dec '240
Jan '251
Feb '250
Mar '253
Apr '250
May '251
Jun '250
Jul '251
Aug '250
Sep '250
Oct '251
Nov '253
Dec '250
Jan '261
Feb '260
Mar '261
Apr '260
May '261
Jun '262
Jul '261
Aug '260
Sep '263
Oct '260

Sector Breakdown

Evolution Equity Partners: Cybersecurity & Privacy is the largest displayed sector by deal count (63 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Evolution Equity Partners: Cybersecurity & Privacy is the largest displayed sector by deal count (63 deals). All available history
SectorDeals
Cybersecurity & Privacy63
AI & Machine Learning26
Enterprise Software21
Professional Services19
Data, Analytics & IT14
Networks, Cloud & Communication10
Developer Tools9
Fintech7
Crypto & Blockchain5
E-Commerce & Retail3
Consumer & Lifestyle3
Hardware & Robotics3
Media & Entertainment3
Real Estate & Construction2
Space & Frontier Tech1
Marketing & Advertising1
Manufacturing1
Gaming & eSports1

Deal Size Distribution

Evolution Equity Partners: 86 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Evolution Equity Partners: 86 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M6
$5M-$10M8
$10M-$25M22
$25M-$50M18
$50M-$100M13
$100M-$250M16
$250M-$500M3
$500M-$1B0
$1B+0

Deals By Geography

Evolution Equity Partners: United States has the largest recorded deal count among the displayed regions (49 deals).All available history.

Top 4 of 4 regions; European countries are grouped as Europe.

Evolution Equity Partners: United States has the largest recorded deal count among the displayed regions (49 deals). All available history
RegionDeals
United States49
Europe21
Israel14
Canada2
Evolution Equity Partners: 20 co-investors are shown, with AlbionVC sharing 9 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Investment Strategy

Evolution Equity Partners: Led accounts for 50% and participating for 50% of round participation.All available history.
Evolution Equity Partners: Led accounts for 50% and participating for 50% of round participation. All available history
CategoryDeals (count)Share (%)
Led4350%
Participating4350%
Evolution Equity Partners: Single-lead accounts for 88% and co-led for 12% of lead dynamics.All available history.
Evolution Equity Partners: Single-lead accounts for 88% and co-led for 12% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead3888%
Co-led512%

Team

Aron Khurana

Associate & Head of Investor Relations

Bernhard Vogeli

Partner, Chief Operating Officer & Head of Operations

Dennis Smith

Managing Partner and Founder

Heather Fraser

Chief Financial Officer & Chief Operating Officer

JR Smith

Partner

Michal Pechoucek

Venture Partner

Richard Seewald

Founder and Managing Partner

Sylwia Hadaj

Principal