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The Briefing: Evolution Equity Raises $400M Fund, SumUp Buys Fivestars, And More



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Here’s what you need to know today in startup and venture news, updated by the Crunchbase News staff throughout the day to keep you in the know.
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Evolution Equity Partners raises $400M for cybersecurity-focused fund
Evolution Equity Partners, a venture firm focused on cybersecurity and enterprise software, announced that it has raised $400 million for its newest fund, Evolution Technology Fund II.
The fund will make investments in the range of $10 million to $50 million in early and growth stage companies in cybersecurity and in companies utilizing machine learning, big data and SaaS to build market-leading platforms. The firm operates out of hubs in New York, Palo Alto, London and Zurich.
M&A
SumUp Acquires Fivestars: London-based payment processing provider SumUp announced that it is acquiring San Francisco-based Fivestars, provider of a platform for merchants to extend promotions and loyalty re …

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