• Evolution Equity Partners closes on $400M for new cybersecurity fund

    11 days ago - By TechCrunch

    Evolution Equity Partners is targeting cybersecurity and enterprise software companies for its new Evolution Technology Fund II LP for which it announced Thursday a final closing totaling $400 million.
    The fund was oversubscribed and included new and returning institutional investors, corporates and family offices from the United States, Europe, Middle East and Asia.
    Richard Seewald, managing partner at Evolution, said via email that the firm, based in New York City, Palo Alto, London and Zurich has made 12 investments from the new fund so far. He expects to invest in 20 to 25 companies...
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  • AI shopping assistant Karma raises $25 million in Series A funding led by Target Global

    AI shopping assistant Karma raises $25 million in Series A funding led by Target Global

    11 days ago - By TechCrunch

    AI shopping assistant and shopping network Karma announced that it has raised $25 million in Series A funding led by Target Global followed by MoreTech Ventures, with participation from existing investors including NFX and Altair Capital. Karma allows users to plan their next online purchases, get notified about real-time price and inventory updates, access coupons and earn automatic cashback.
    The Tel Aviv-based company was founded in 2014 by Jonathan Freidman and Ronen Yuval-Hoch as a simple bookmarklet tool to help consumers save and track products. Since then, Karma has launched browser...
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