Blog Layout
UK-focussed cybersecurity fund eyes £192m final close
Catherine Montague • November 2, 2020
This is a subtitle for your new post
The Evolution Technology Fund II from New York-based cybersecurity investors Evolution Equity Partners is expected to achieve a targeted £192m ($250m) final close in the coming months and is already investing in UK cybersecurity and enterprise software companies.
British Patient Capital, a wholly-owned subsidiary of British Business Bank, has made a £26.9m ($35m) commitment to the fund, of which portfolio companies include Quantexa, a London based big data intelligence and risk analysis firm and Arqit, a London based cybersecurity company protecting against quantum cyber threats.
Judith Hartley, CEO, British Patient Capital, said: “The growth in cyber is being driven by several factors including the move to virtual working and increasing demand for secure and private systems for online transacting and communications.
“Evolution Equity Partners, with a team including former CEOs and CTOs of leading cybersecurity companies, are well placed to identify and back the scale-up businesses set to capitalise on this opportunity.
“We have already worked closely with the Evolution team on one of our first co-investments – Quantexa – and I look forward to seeing how their portfolio develops as we work to achieve our vision for more home-grown fully funded companies to fulfil their potential to be players on the global stage.”
Richard Seewald, Founder & Managing Partner, Evolution Equity Partners added: “In the current environment, cybersecurity is a high priority for every organisation.
“Increased risk to corporate ecosystems, rising geopolitical risk, and a realignment of budgetary spend towards advanced security issues are all expected to increase demand – this presents a significant opportunity for next-generation cybersecurity companies.
“The UK is the largest, most concentrated and accessible cybersecurity market in Europe with over 1000 cybersecurity companies. It’s early growth and growth-stage cybersecurity businesses are well-positioned to benefit from the increased demand for cybersecurity, offering a solid pipeline for talent and investment.”
We’re 1-fix, we can help you secure your business
At 1-fix, we take a realistic approach to technology – ensuring our client’s systems are best protected.
If you have any concerns, questions or simply want to explore how to better secure your business, please do get in touch with the team for a FREE demonstration, consultation to explore how exposed your business might be and identify actions to take.
Join Our Mailing List
All sign-ups are handled inline with our privacy policy and can unsubscribe at any time.
Recent Blogs
Data loss can occur due to various reasons, including hardware failures, cyberattacks, natural disasters, and human error. To protect your business from these risks, it's crucial to implement a strong data backup and security strategy.
While technology is essential for a successful business, it can also be a significant expense. Fortunately, there are several strategies you can implement to reduce IT costs without compromising on quality or performance.
Businesses are constantly faced with decisions about how to best manage their IT infrastructure. One of the most significant choices is whether to adopt cloud services or stick with on-premises solutions. Both options have their advantages and drawbacks, and the right choice depends on your business's specific needs and goals. Let's explore the key differences between cloud services and on-premises solutions to help you make an informed decision.
Nowadays, businesses rely heavily on technology to operate efficiently and stay competitive. However, with the increasing dependence on IT systems, businesses also face a myriad of IT issues that can disrupt operations and impact productivity.
One of the most effective tools to protect your business against cyber attacks is a password manager. But what exactly is a password manager, how does it work, and why is it essential for your business?
One of the most effective ways to protect your organisation from cyber threats is through Security Awareness Training. But what exactly is Security Awareness Training, how does it work, and why is it essential for your business? Let's explore these questions with a focus on KnowBe4, a leading platform in this field.
Get in Touch
Fill in this form to contact us and we'll get back to you ASAP (same working day where possible):
Contact Us
1-Fix Limited
Company Registration Number: 06543233
Registered address:
1-Fix Limited
1F02 Arena Business Centre, 100 Berkshire Place, Winnersh Triangle, Wokingham, Berkshire RG41 5RD
