When was Evolve IP founded?

Evolve IP was founded in 2006 and raised its 1st funding round 2 years after it was founded.

Where is Evolve IP located?

Evolve IP is headquartered in Wayne, United States. It is registered at 502 EMBASSY OAKS STE 103,SAN ANTONIO,TX,78216,15.

Who is the current CEO of Evolve IP?

Thomas J Gravina of Evolve IP. They are also an angel investors in 1 startup.

Is Evolve IP a funded company?

Evolve IP is a funded company, having raised a total of $209M across 7 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Jan 15, 2008.

When was the latest funding round of Evolve IP?

Evolve IP's latest funding was a $***** PE round on Jul 2019, with participation from 1 investor.

Where does Evolve IP rank among its competitors?

Evolve IP ranks 13th amongst 642 active competitors, of which 59 are funded. It stands 4th in terms of total funding among its competitors. The most recent competitor to raise funding was Dialpad, which secured $50M in Dec, 2022.

Who are the top competitors of Evolve IP?

Evolve IP's top competitors include Agora, RingCentral and Skype. Among them, Dialpad secured the most recent funding round in December, 2022.

Evolve IP - 2026 Company Profile, Team, Funding & Competitors

Evolve IP is a public company based in Wayne (United States), founded in 2006 by Michael Peterson and Thomas J Gravina. It operates as a Provider of managed IT, cloud, security, network, and communication solutions. Evolve IP has raised $209M in funding from Great Hill Partners. The company has 642 active competitors, including 59 funded and 90 that have exited. Its top competitors include companies like Agora, RingCentral and Skype.

Company Details

Provider of managed IT, cloud, security, network, and communication solutions. The company delivers enterprise help desk, field, and professional services. AI consulting, threat assessment, and managed detection and response are offered. The company provides unified communications, contact center, and managed platform services.

Website: evolveip.net
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Registered Address: 502 EMBASSY OAKS STE 103,SAN ANTONIO,TX,78216,15

Key Metrics

Founded Year

2006

Location

Wayne, United States

Stage

Public

Total Funding

$209M in 7 rounds

Latest Funding Round

PE, Jul 2019, $*****

Investors

Great Hill Partners & 2 more

Ranked

13^th among 642 active competitors

Investment & Acquisitions

Jog & 8 more

Similar Companies

Agora & 863 more

Exit Details

Public

View Evolve IP's full profile

Evolve IP is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
EVOLVEIP, LLC CIN: - , Belgium, Active		-	-	-
EVOLVE IP, LLC CIN: 32088334720 , United States, Active	Feb 08, 2023	-	-	-

Evolve IP got listed on Apr 06, 2019.

Click here to take a look at Evolve IP's IPO in detail

Evolve IP has raised a total funding of $209M over 7 rounds. Its first funding round was on Jan 15, 2008. Its latest funding round was a PE round on Jul 2019 for $*****. 1 investor participated in its latest round. Evolve IP has 3 institutional investors.

Here is the list of recent funding rounds of Evolve IP:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jul 2019	8851812	PE	3947226	4634068	7236623	1308017
Aug 18, 2016	4255568	PE	2568997	6703622	7901056	Ardian
Aug 21, 2014	4638283	Conventional Debt	1082039	4489140	3955955	CapitalSource

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View details of Evolve IP's funding rounds and investors

The founders of Evolve IP are Michael Peterson and Thomas J Gravina.

Here are the details of Evolve IP's key team members:

Michael Peterson: Co-Founder of Evolve IP. They serve on the boards of 2 companies.
Contact Info: 1 email address
Thomas J Gravina: Co-Founder & CEO of Evolve IP. They are also an angel investor in 1 startup.

View details of Evolve IP's Founder profiles and Board Members

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Top competitors of Evolve IP include Agora, RingCentral and Skype. Here is the list of Top 10 competitors of Evolve IP, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Agora 2014, Guangzhou (China), Public	Cloud based customer engagement platform	$55M	Coatue, Morningside & 16 others	84/100
2nd	RingCentral 1999, Belmont (United States), Acquired	Cloud based platform offering unified communication solutions	$44M	IVP, Cisco Investments & 59 others	82/100
3rd	Skype 2002, Luxembourg, Acquired	VoIP Software application	$26.8M	Index Ventures, DFJ & 18 others	81/100
4th	Dialpad 2011, San Ramon (United States), Series F	Provider of AI-powered contact center and unified communications platform solutions	$476M	Google Ventures, ICONIQ Growth & 43 others	79/100
5th	Unify 2008, Munich (Germany), Acquired	Software based Enterprise Unified Communications	-	Hercules Capital, OVP Venture Partners & 4 others	76/100
6th	Vonage 2001, Holmdel (United States), Acquired	Provider of contact center business communication solutions	$645M	New Enterprise Associates, 3i Group & 15 others	74/100
7th	Avaya 2000, Durham (United States), Public	Cloud based unified communication software	$401M	Warburg Pincus, ValueAct Capital & 5 others	74/100
8th	Mitel 1973, Ottawa (Canada), Acquired	Cloud based platform for unified communication management	$1.01M	August Capital, Francisco Partners & 2 others	74/100
9th	Firstup 2008, San Francisco (United States), Series E	Cloud-based communication and employee experience management platform for enterprises	$127M	Venrock, Trinity Ventures & 21 others	74/100
10th	LumApps 2012, Tassin la Demi Lune (France), Acquired	Cloud based employee communication platform provider	$102M	Idinvest Partners, Goldman Sachs & 6 others	74/100
13th	Evolve IP 2006, Wayne (United States), Public	Provider of managed IT, cloud, security, network, and communication solutions	$209M	Great Hill Partners, Ardian & 1 others	70/100

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Evolve IP has not made any investments yet. Evolve IP has made 9 acquisitions.

Here is the list of latest three $acquisitions:

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Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Apr 02, 2019	Acquisition	Jog	2016	Austin (United States)
Jul 20, 2018	Acquisition	AiTech	1993	Edina (United States)
Apr 18, 2018	Acquisition	thevoicefactory	2009	Cardiff (United Kingdom)