Evolution Equity raises $125m

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Evolution Equity Partners has raised $125 million to date for its Evolution Technology Fund. The New York-headquartered firm has set a $125 million target and began fundraising in 2015. The SEC filing did not disclose whether the capital raise constituted a final or interim close.

Investors that committed to Evolution Technology Fund include the Cisco Investments and the European Investment Fund.

The fund will target early and growth stage opportunities in cybersecurity and next generation enterprise software and services sectors in Europe, the United States and Israel.