Last year, Evolution invested in two startups at Web Summit
Startup and growth companies come to Web Summit with the primary goal of meeting investors. They’re essentially looking to secure investment so they can develop and expand their business.
They achieve this goal through presentations, speeches and direct meetings with investors. But just as the vast number of startups fail to progress past the early stages, so do a substantial number of investors fail to find and consummate good investments at an event like Web Summit.
Evolution is an investor with a very high ‘hit rate’
Last year at Web Summit, Evolution connected with two promising companies at the dinner they sponsor. DefinedCrowd, based in Seattle but boasting Portuguese roots, were one of the companies to benefit from investment from Evolution. The firm provides high-quality training data for AI, which is particularly useful for data scientists. The second company is Zoom.ai, a Toronto-based company that have developed a chat-based productivity tool. Both companies are scaling internationally following their Evolution Equity Partners lead investment rounds.
Keen to repeat the success, Evolution are back this year to sponsor an invite-only evening for CEOs of growth stage and venture capital companies. It’s set to be a hot ticket given the promising events of last year.