The Evolution Technology Fund III LP is the largest dedicated cybersecurity fund raised to date.

Growth and early growth stage investor committed to investing in UK and EU based cybersecurity companies safeguarding the digital world.

LONDON, April 25, 2024 /PRNewswire/ — Evolution Equity Partners announced the final closing of Evolution Technology Fund III, LP on April 16^th, 2024, and total capital commitments of $ 1.1 Billion to back visionary entrepreneurs building next generation cybersecurity companies that safeguard the digital world. The fund raise was oversubscribed by existing and new limited partners representing a diversified mix of leading institutions, sovereign investors, insurance companies, endowments, foundations, fund of funds, family offices, and high-net-worth individuals. The capital commitment includes funding from British Patient Capital, the UK’s largest domestic investor in venture and venture growth opportunities and a subsidiary of the British Business Bank.

The capital committed gives Evolution Equity Partners a dedicated pool of capital to pursue opportunities for investment ranging from $20 million to $150 million in cybersecurity. The firm’s strategy is to build a well-diversified portfolio across key cybersecurity company building ecosystems in the United States, United Kingdom, the EU and Israel. Significant investments made to date by Evolution in the United Kingdom and EU include: AVG Technologies, Quantexa, Panaseer, DF Labs, Logpoint, CounterCraft, Cognitive Security, Eperi, Cybsafe, Tatum, Elliptic, Arqit, Metomic amongst 60 portfolio companies the firm has backed.

Richard Seewald, Founder and Managing Partner at Evolution Equity Partners, said, ” Over the past 25 years, we have witnessed firsthand the strong cybersecurity entrepreneurial talent pool in the UK and EU. First, while building AVG Technologies, a European based cybersecurity company that our team took public on the New York Stock Exchange in 2012 and thereafter in numerous European companies we have helped scale. For UK and EU based cybersecurity companies looking to build and grow internationally, Evolution is the ideal partner to equip companies with the knowledge, tools and strategy to drive performance and outcome. The expertise that Evolution has on the ground in Europe is unparalleled in the industry. We look forward to working with best of breed entrepreneurs and building European champions.”

Christine Hockley, Managing Director, Funds at British Patient Capital, said: “Evolution Equity Partners’ cybersecurity specialism coupled with proven investment credentials positions them to successfully support the UK’s leading technology companies as they scale. We are delighted to invest in this fund, which aligns with our objective of supporting promising companies to access the long-term financing they need to fulfil their growth potential.”

Evolution Equity Partners was founded by investor and technology entrepreneurs Richard Seewald and Dennis Smith, who manage and lead the firm, and a specialist team of 30 professionals based out of New York City, Palo Alto, London and Zurich. The team members have been founders, operating executives and investors in leading software companies around the world and are committed to the mission of helping exceptional entrepreneurs develop market leading companies. Evolution Equity Partners’ Centers of

Excellence for Cybersecurity Growth, the firm’s high performance engine, has a clear goal: To provide the ultimate operating playbook on how to effectively take cybersecurity startups from idea to IPO and help equip companies with the knowledge, tools and strategy to drive performance.

About Evolution Equity Partners

Evolution Equity Partners, based in New York City, Palo Alto, London and Zurich, makes investments in rapidly growing cybersecurity software companies that safeguard our digital world. The firm was founded by investor and technology entrepreneurs Richard Seewald and Dennis Smith, who manage and lead the firm and its partners have been involved as founders, investors and as senior operating executives in leading software companies around the world. Evolution currently has over $2 billion of assets under management in a growing portfolio of market leading companies. The Evolution partners include Richard Seewald, Dennis Smith, Taher Elgamal, Aron Khurana, J.R. Smith, Karthik Subramanian, Yuval Ben-Itzhak and Karel Obluk. Learn more at www.evolutionequity.com and follow us at LinkedIn and Twitter.

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The Leader in Hands-Free Footwear Expands Internationally, Aims To Become The Next Billion Dollar Shoe Brand.

SALT LAKE CITY, April 24, 2024 /PRNewswire/ — Kizik, the industry leader in hands-free footwear innovation, is thrilled to announce a strategic partnership with Unify Brand Partnerships, a prominent UK Distributor within the Active, Outdoor and Lifestyle industries. This partnership heralds a significant leap forward for Kizik in its aggressive global expansion strategy as it extends its reach of innovative footwear solutions to consumers across the United Kingdom.

Fuelling its omnichannel momentum, the DTC powerhouse continues strategically charting a course toward an expansive retail footprint both in the US and abroad. Its recent foray into wholesale in the US in 2024 has eclipsed expectations, having entered more than 500 doors of dozens of retailers with another influx anticipated. Moreover, Kizik has embarked on an ambitious retail expansion rollout, set to unveil two US stores within the next three months, with a projected total tally of 15 by the close of 2025. 

Under this new partnership, Unify Brand Partnerships will serve as the distributor for Kizik products throughout the UK market. Leveraging its extensive distribution network and expertise in brand management, Unify Brand Partnerships will help Kizik broaden its presence in the new market and deliver its innovative Hands-Free technology to a wider audience in wholesale and DTC channels. Beyond the UK, Kizik stands to bring its vision to Asia, with two transformative partnerships set to be announced within the next few weeks.

“We’ve witnessed resounding success domestically which has informed our efforts to take Kizik global,” said Monte Deere, CEO of Kizik. “As we continue to invest in our fast-growing international footprint, we’re thrilled to introduce Kizik to the United Kingdom through this strategic retail partnership with Unify Brand Partnerships. Outside of the convenience and functional benefits of our shoes, Kizik unlocks a new way of living that will resonate with consumers worldwide.”

Kizik opens up the power and potential of frictionless freedom through its patented Hands-Free technology, enabling consumers to experience the limitless possibilities of a life in motion while eliminating the hassle of tying shoes. Kizik’s revolutionary designs offer unmatched convenience and comfort with equal emphasis on style, making Kizik a preferred choice for consumers seeking footwear that seamlessly integrates into their active lifestyles – empowering them to go, see, do and explore unencumbered by their shoes.

“I am thrilled to announce our strategic partnership with Kizik, a true industry leader in hands-free footwear innovation,” added Damian Cooper, Managing Director of Unify Brand Partnerships. “Together, we are poised to redefine the footwear industry, offering unparalleled convenience, comfort, and style to customers across the UK. With Kizik’s ambitious goal to become the next billion-dollar shoe brand, we are excited to be part of their journey towards achieving this remarkable milestone.”

The partnership between Kizik Footwear and Unify Brand Partnerships underscores a shared commitment to innovation, quality, and customer satisfaction. Together, they are poised to elevate the footwear experience for customers across the United Kingdom.

For more information about Kizik Footwear and its innovative hands-free technology, please visit kizik.com. Retailers interested in carrying Kizik Footwear products in the UK can contact Unify Brand Partnerships at [email protected].

ABOUT KIZIK
Based in Lindon, Utah, Kizik is the industry’s leading hands-free footwear brand, boasting more than 200 pending and granted patents. Powered by relentless innovation, Kizik is a catalyst that opens a big, bold, frictionless world that gives its customers freedom to go, see, do and explore—to find magic in motion. Offering stylish silhouettes for men, women, and kids, Kizik’s hands-free footwear truly is for everyone. To learn more, visit kizik.com and follow @wearkizik.

ABOUT UNIFY BRAND PARTNERSHIPS
Unify is an active, outdoor, and lifestyle fashion agency with a diverse portfolio of leading global brands. Unify’s fully integrated business allows them to consistently elevate brands in the UK market across all channels, from distribution, sales strategy, marketing, and PR to impactful brand activations through their long-lasting relationships with leading retailers. Founded in 2004, Unify has successfully established itself as one of the top multi-category brand and distribution specialists in the UK.

Media Contact:
Danielle Prager
[email protected]
(435) 962-9536

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