EVP raises $100m VC to invest in B2B series A
Investments include
– digital freight forwarder Explorate,
– workforce management software company Deputy,
– logistics tech start-up Shippit and
– customer service start-up Pendula.
– accounting software disruptor Hnry (which recently raised $35 million)
EVP have been investing steadily at an average of 8.4 times annual recurring revenue compared to 20-30 times of other VCs
About EVP
EVP focuses on the Series A stage, and reserves 50 per cent of its funds for follow-on investments.
The new $100m fund will support investments into 15 companies and takes its total capital to $270 million in funds under management.