Evolution Equity Partners raises $125 mln venture capital fund

Evolution Equity Partners said it raised $125 million for a venture capital fund to invest in cybersecurity and enterprise software and services in North America, Europe and Israel, according to a press release.

The fund was over subscribed and has LPs in the United States and Europe, including Cisco Investments, the European Investment Fund, Witelo Fund and Alpha Associates, the release said.

Investments will range from $5 million to $25 million and target early and growth stage companies. The firm, based in New York City and Zurich, was founded by Richard Seewald and Dennis Smith, and includes partners Karel Obluk and J.R. Smith.


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