About Evolution-VC
Evolution-VC is a venture capital firm founded in 2018. It is primarily based out of Cupertino, United States. As of Feb 2026, Evolution-VC is an active investor, having invested in 84 companies, with 1 new investment in the last 12 months. It primarily invests in Series A round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to FinTech and Retail. Most recently it participated in the $***** Series B round of UPTIQ Overall, Evolution-VC portfolio has seen 3 unicorns, 1 IPO and 6 acquisitions including key companies like Neo Financial, Clara and Teamshares. A lot of funds co-invest with Evolution-VC, with names like Gaingels sharing a substantial percentage of its portfolio. Evolution-VC has team of 14 people including 5 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Series B & 1 more
Portfolio IPOs
Portfolio Unicorns
Portfolio Soonicorns
Deals in last 12 months
Evolution-VC's List of Top Investments
Evolution-VC has a portfolio of 84 companies, including 3 unicorns. Their most notable investments are in Louisa and Palla Financial.Their portfolio spans across United States, Canada, Bangladesh and 9 more locations. They have invested in Enterprise Applications, FinTech, Retail and 21 other sectors, across stages such as Series A, Series B and 1 more. Here is the list of top investments by Evolution-VC:
Provider of financial products and services including credit cards, accounts, and investment options. It offers various credit card options with cashback rewards. Account services include everyday accounts and high-interest savings accounts. Investment options are also available through expertly managed portfolios. It also offers customized financial and loyalty solutions for businesses and brands. This platform enables organizations to enhance customer engagement through integrated rewards programs leveraging a robust cashback network. It also provides financial services and education for teenagers by offering financial tools, including a spending card with cashback rewards and a high-interest savings account, designed to help young individuals manage their money effectively. Its app is available across Android and iOS platforms.
Key facts about Neo Financial
- Founded Year: 2019
- Location: Calgary (Canada)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $344M
- Employee Count: 990 as on Sep 30, 2026
- Investors: Inovia Capital, ATB Financial and 27 Others
- Latest Funding Round: Series D, Feb 03, 2026, $*****
- Highlight: Editors' Pick
2. Clara
Provider of corporate spend management software and business credit cards. This platform centralizes financial operations by offering automated expense reporting, approval workflows, and virtual or physical payment cards. It facilitates vendor payments, employee reimbursements, and travel expense tracking. The system integrates with existing accounting software to synchronize transaction data and receipts. Automated validation tools monitor spending against defined limits and policies to maintain financial oversight.
Key facts about Clara
- Founded Year: 2020
- Location: Sao Paulo (Brazil)
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $204M
- Employee Count: 698 as on Sep 30, 2026
- Investors: Goldman Sachs, Hone Capital and 42 Others
- Latest Funding Round: Conventional Debt, Nov 25, 2025, $*****
- Highlight: Editors' Pick
3. Hypersonix
Hypersonix is a provider of AI-powered analytics platforms for consumer commerce. Its prescriptive analytics solution can measure and monitor business performance and provide real-time automated insights for commerce. The solution helps to increase profitable growth and improve customer engagement. The solution caters to sectors like retail, restaurant, hospitality, and eCommerce. It also offers end-to-end AI-powered intelligence apps tailored for Ecommerce with personalized AI-driven recommendations, pricing & promotion, assortment intelligence, and more.
Key facts about Hypersonix
- Founded Year: 2018
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $50M
- Employee Count: 116 as on Aug 31, 2026
- Investors: Sherpalo Ventures, Firebolt Ventures and 8 Others
- Latest Funding Round: Series B, Jul 01, 2021, $*****
- Highlight: Editors' Pick
AI-enabled KYC and fraud prevention solutions for financial institutions. Its product includes transaction monitoring, onboarding, AML, account takeover protection, and more. It also offers device intelligence tools for fraud detection based on intrinsic behavior.
Key facts about Sardine Technologies
- Founded Year: 2020
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $171M
- Employee Count: 381 as on Aug 31, 2026
- Investors: Cross Creek, National Bank of Canada and 37 Others
- Latest Funding Round: Series C, May 20, 2026, $*****
- Highlight: Editors' Pick
5. AiFi
Provider of spatial intelligence and real-time insights. It helps businesses understand physical spaces in real time by using computer vision. According to its website, it creates digital twins of settings, facilitates autonomous shopping and frictionless checkout, and operates worldwide.
Key facts about AiFi
- Founded Year: 2016
- Location: San Francisco (United States)
- Stage: Series B
- Total Funding till date: $90.7M
- Employee Count: 111 as on Sep 30, 2026
- Investors: Qualcomm Ventures, StartX and 27 Others
- Latest Funding Round: Series B, Jul 26, 2024, $*****
- Highlight: Editors' Pick
Evolution-VC's Year-on-Year Investment Trends
Evolution-VC has invested in 84 companies over the last 3 years, with an average of 3 new investments annually in the last 3 years. In 2025, it made 4 investments, while as of Feb 2026, it has made 1 investment in this year. Its most recent first time investment was in UPTIQ.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 1 | 0 | 1 |
2025 | 4 | 0 | 4 |
2024 | 5 | 0 | 5 |
2023 | 1 | 0 | 1 |
Evolution-VC's Investments by Stage
Evolution-VC has made 4 investments in Series A stage with an average round size of $14.2M, 4 investments in Series B stage with an average round size of $38.3M and 3 investments in Seed stage with an average round size of $4.03M.Stage of entry | No. of Investments |
|---|---|
Series A | 4 |
Series B | 4 |
Seed | 3 |
Note: We have considered here, only first round of investments
Evolution-VC's Investments by Sector
Evolution-VC has a diverse portfolio, with companies operating in the FinTech, Enterprise Applications, Vertical SaaS, Consumer and Retail. Notably, it has invested in 76 Tech companies, 61 Enterprise (B2B) companies, 52 Software companies and at least 31 companies focusing on Saas.Sector | No. of Investments |
|---|---|
FinTech | 7 |
Enterprise Applications | 6 |
Vertical SaaS | 3 |
Consumer | 2 |
Retail | 2 |
Others | 6 |
Note: We have considered here, only first round of investments
Evolution-VC's Investments by Geography
Evolution-VC has made most investments in United States (9), followed by Pakistan where it has made 1 investment.Country | No. of Investments |
|---|---|
United States | 9 |
Pakistan | 1 |
United Arab Emirates | 1 |
Note: We have considered here, only first round of investments
Evolution-VC's recent investments
Evolution-VC has made 1 investments in 2026 so far - UPTIQ.Here are the most recent investments by Evolution-VC:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Feb 12, 2026 | United States | Series B | 6280 | [+8] | |
May 28, 2025 | United States | Series A | 6576 | [+9] | |
Mar 11, 2025 | United States | Series B | 2423 | [+8] | |
Feb 06, 2025 | United States | Series A | 1941 | [+4] | |
Jan 24, 2025 | United Arab Emirates | Seed | 3903 | [+4] |
Unicorns in Evolution-VC's Portfolio
Evolution-VC has 3 unicorns in its portfolio - Neo Financial, Clara and Instabase. The most recent unicorn in their portfolio is Neo Financial. It became a unicorn in 2022, 4 years before Evolution-VC first invested in it.Here is a list of unicorns in Evolution-VC's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
77 | Provider of financial products and services including credit cards, accounts, and investment options | 2019 | Calgary | Series D | mnodnjz | ||
71 | Provider of corporate spend management software and business credit cards | 2020 | Sao Paulo | Series B | ihsamky | ||
64 | Developer of an AI platform for document processing and workflow automation | 2015 | San Francisco | Series D | dqlqzef |
IPOs and Publicly Listed companies in Evolution-VC's Portfolio
1 of Evolution-VC's portfolio company became public - Teamshares. It got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Jun 2026.Here are Evolution-VC's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 23, 2026 | - | - | 1644 |
Acquired companies in Evolution-VC's Portfolio
6 companies from Evolution-VC's portfolio have been acquired. The most recent acquisition was Cherre in Jul 2026 by RealPage for $*****.Here are Evolution-VC's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 14, 2026 | - | - | 7711 | |
Apr 09, 2026 | - | - | 1276 | |
Aug 19, 2025 | - | - | 8674 | |
Apr 15, 2024 | - | - | 4508 | |
Apr 02, 2024 | - | - | 3793 |
Team profile of Evolution-VC
Evolution-VC has a team of 14 members including 5 Partners, 2 Venture Partners and 2 Principals located in United States, Japan and 1 more location. Evolution-VC's team does not sit on the board of any company as of now.Here is a list of top team members in Evolution-VC:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | San Francisco | - | ||
Partner | Saratoga | - | ||
Partner | Auckland | - | - | |
Partner | Japan | - | ||
Partner | - | - | - | |
Partner | Birmingham | - | - | |
Venture Partner | Tokyo | - | ||
Venture Partner | Tokyo | - | - | |
Principal | San Francisco | - | ||
Principal | Los Altos | - | - |
Co-investors of Evolution-VC
Over the past 3 years, 158 investors have co-invested in Evolution-VC's portfolio companies. This includes funds and angels.
- Invested before Evolution-VC: B Capital, TTV Capital and 101 others have invested in rounds before Evolution-VC. There are 3 companies where B Capital has invested before Evolution-VC and 2 companies where TTV Capital has invested before Evolution-VC.
- Top Co-investors of Evolution-VC: 49 investors entered a company along with Evolution-VC. These include investors like Gaingels (2 companies).
- Invested after Evolution-VC: A total of 6 investors have invested in Evolution-VC's portfolio after their investments. Top Investors include Coinbase (1 company), Uphold (1 company) and Mirana (1 company).
Recent News related to Evolution-VC
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Uptiq Raises $25 Million Series B to Scale AI Solutions and Launch Qore for BuildersGlobal Fintech Series•Feb 13, 2026•UPTIQ, Curql, Silverton Partners, Evolution-VC and 7 others
•
Palla Raises $14.5M for Cross-Border PaymentsFinextra•May 29, 2025•Palla Financial, Revolution, Y Combinator, Cowboy Ventures and 6 others
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Mesh raises $82m for crypto payments networkFinextra•Mar 12, 2025•Mesh Payments, PayPal Ventures, Paradigm Spine, Consensys and 20 others
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Synctera Raises $15M in FundingFinSMEs•Mar 11, 2025•Synctera, Fin Capital, Diagram Ventures, First & Main and 16 others
•
Pluto Secures $4.1M Pre-Series A Funding for Saudi ExpansionRasmal•Jan 24, 2025•Pluto, Rhino Ventures, Born Capital, Goanna Capital and 4 others
•
Aspect Biosystems raises US$115m Series BAngel News•Jan 17, 2025•Aspect Biosystems, New Nordic, Radical Ventures, InBC and 10 others
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Wildfire Systems Completes $16 Million Series B Funding to Fuel Innovation and Support Global Demand for its White Label Loyalty Platformintelligence360•Nov 18, 2024•Wildfire, Intuit, Mucker, Cohen Circle and 9 others
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Andes STR raises $4M in a round led by Executive Venture FundLatamList•Aug 15, 2024•Andes STR, Executive Venture Fund, Evolution-VC, Taram Capital
