When was Evolve founded?

Evolve was founded in 2005 and raised its 1st funding round 19 years after it was founded.

Where is Evolve located?

Evolve is headquartered in Wigan, United Kingdom. It is registered at EVOLVEODM 1 SMITHY COURT,SMITHY BROOK ROAD,WIGAN,LANCASHIRE,ENGLAND,WN3 6PS.

How many employees does Evolve have?

As of Jan 31, 2025, the latest employee count at Evolve is 117.

Is Evolve a funded company?

Evolve is a funded company, having raised a total of $***** in its 1st and only funding round, a PE round on Aug 05, 2024.

When was the latest funding round of Evolve?

Evolve's latest funding was a $***** PE round on Aug 05, 2024, with participation from 1 investor. Its primary sector is IT Services. In United Kingdom, the IT Services sector has seen $2.73B in funding in 2026 to date.

What is the annual revenue of Evolve?

Annual revenue of Evolve is between £10M and £50M as on Jan 31, 2025

Where does Evolve rank among its competitors?

Evolve ranks 12th amongst 828 active competitors, of which 14 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Evolve, which secured an undisclosed amount in Aug, 2024.

Who are the top competitors of Evolve?

Evolve's top competitors include Frontiir Communications, Net One Systems and GlobalConnect. Among them, Evolve secured the most recent funding round in August, 2024.

Evolve - 2026 Company Profile, Funding, Competitors & Financials

Company Details

Website: evolvebg.co.uk
Registered Address: EVOLVEODM 1 SMITHY COURT,SMITHY BROOK ROAD,WIGAN,LANCASHIRE,ENGLAND,WN3 6PS

Key Metrics

Founded Year

2005

Location

Wigan, United Kingdom

Stage

Late Stage

Latest Funding Round

PE, Aug 05, 2024, $*****

Investors

BGF

Ranked

12^th among 828 active competitors

Annual Revenue

£10M - £50M as on Jan 31, 2025

Employee Count

117 as on Jan 31, 2025

Similar Companies

GlobalConnect & 243 more

View Evolve's full profile

Evolve is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
EVOLVE B G LIMITED CIN: 5659614 , United Kingdom, Active	Dec 19, 2005	£10M - £50M (As on Jan 31, 2025)	117 (As on Jan 31, 2025)

Evolve has raised funding over 1 round. Its latest funding round was a PE round on Aug 05, 2024 for $*****. 1 investor participated in its latest round. Evolve has 1 institutional investor.

Here is the list of recent funding rounds of Evolve:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Aug 05, 2024	4447012	PE	2184946	3477192	4992291	2252625

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View details of Evolve's funding rounds and investors

Evolve's employee count trend

Evolve has 117 employees as of Jan 25. The total employee count is 67.0% more than what it was in Jan 24. Here is Evolve's employee count trend over the years:

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Top competitors of Evolve include Frontiir Communications, Net One Systems and GlobalConnect. Here is the list of Top 10 competitors of Evolve, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Frontiir Communications 2013, Yangon (Myanmar), Series B	Provider of network design and distribution services	$69.2M	British International Investment, Daiwa PI Partners ... & 5 others	63/100
2nd	Net One Systems 1988, Chiyoda City (Japan), Public	ICT solution provider	-	-	51/100
3rd	GlobalConnect 1998, Stockholm (Sweden), Acquired	Provider of fiber-based broadband and data communication services	-	EQT, AP6 & 1 others	50/100
4th	Paradyn 2018, Dublin (Ireland), Series A	Provider of managed connectivity services	$4.66M	Irish Telecom, Netforce ERP & 1 others	50/100
5th	Airowire Networks 2014, Bengaluru (India), Funding Raised	Managed IT services provider in Bangalore, India	-	-	50/100
6th	Vedang Cellular Services 2010, Mumbai (India), Acquired	Network integration services provider	-	-	49/100
7th	Smartlink Holdings 1993, Mumbai (India), Public	Provider of network infrastructure services	-	-	47/100
8th	Acentic 2004, Ampthill (United Kingdom), Acquired	Managed WiFi services for the hospitality industry	-	GI Partners, Icon Capital Partners	44/100
9th	Netradar 2004, Espoo (Finland), Funding Raised	Provider of AI-powered network performance data and analytics for telecommunications	-	Grannenfelt Finance, Gorilla Capital	43/100
10th	Renewtech 2019, Zug (Switzerland), Acquired	Circular IT service provider specializing in IT lifecycle management solutions and IT service delivery	-	EIC Fund	43/100
12th	Evolve 2005, Wigan (United Kingdom), Late Stage	Provider of managed network solutions	-	BGF	40/100