# Evolution Equity Partners

Evolution Equity Partners is a Private Equity based in New York, United States.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** 340 Madison Avenue, New York, NY 10173
- **Founded:** 2008
- **Assets under management:** Undisclosed
- **Website:** www.evolutionequity.com
- **LinkedIn:** https://www.linkedin.com/company/evolution-equity-partners
- **Wikidata:** Q86473943

## Regulatory record

- **CRD number:** 319748
- **SEC file number:** 802-124927
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/319748

## About

Evolution Equity Partners is an international venture capital investor led by technology entrepreneurs who have built software companies around the world. The firm partners with bold visionaries building market-leading companies that defend and protect what matters most. It backs exceptional entrepreneurs across multiple stages from seed through growth, with a focus on cybersecurity.

## Sectors

- Cybersecurity
- AI/ML
- Enterprise Software

## Offices

- Zug, Switzerland
- London, United Kingdom

## People

- Richard Seewald — Founder and Managing Partner
- Dennis Smith — Founder and Managing Partner
- Heather Fraser — Global Chief Financial Officer & Chief Operating Officer

## Questions

### Who runs investment decisions at Evolution Equity Partners?

Founders and Managing Partners Richard Seewald and Dennis Smith lead the firm. The broader partnership includes several individuals with direct cybersecurity operating backgrounds. The investment team operates from offices in New York, Zug and London.

### What investment stages does Evolution Equity Partners target?

Evolution Equity invests across multiple stages, from seed through growth. The firm also pursues direct co-investments and direct secondary transactions, maintaining flexibility to support companies from early formation to pre-IPO rounds.

### Which sectors does Evolution Equity focus on?

The firm concentrates on cybersecurity and adjacent enterprise software, with portfolio holdings that span cloud security, AI and machine learning security, decision intelligence, security validation and DevSecOps. It does not publicly list sectors it avoids, but the portfolio reflects a deliberate cybersecurity-only mandate.

### How does Evolution Equity source deal flow?

The firm leverages its founding team’s operational networks and an annual Presidents Forum that convenes cybersecurity executives and global leaders. Its transatlantic presence across New York, Zug and London provides direct access to both US and European technical founder communities.

### What is Evolution Equity’s posture on co-investments alongside external GPs?

The firm explicitly lists co-investment as part of its strategy and has participated in large syndicated rounds, including Armis’s $435 million raise. Evolution Equity’s operator-heavy partnership makes it a natural co-investor in rounds where technical diligence is a deciding factor.

### Where does Evolution Equity’s capital come from?

The firm does not publicly disclose its limited partner base or the origin of its assets under management. As a venture capital manager, it raises capital from institutional investors, though specific LPs have not been named.

## Related profiles

- [Evolution Capital Partners](https://altss.com/profile/evolution-capital-partners)
- [Cobalt Capital](https://altss.com/profile/evolution-media-partners)

---

Last updated: 2026-08-11T15:06:42.396Z

Canonical page: https://altss.com/profile/evolution-equity-partners

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology