EVP raises $100m VC to invest in B2B series A

Today EVP announce the successful close of EVP Fund IV at over $100m. 

EVP focus exclusively on B2B software, and aim to partner early with the region’s next generation of global software leaders. 

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.

Message from Howard Leibman 

(A hint of why EVP  is so successful )

“Thank you as always to our investors for your ongoing support. Thank you to our incredible team. And thank you to our growing family of exceptional founders (and their teams!) whose continued success underpins all that we do. “

Source https://www.afr.com/technology/sydney-vc-ignores-tech-tremors-with-100m-raise-20230210-p5cjoh thanks Yolanda Redrup