Evolution Funding

Chesterfield, United Kingdom Founded: 2002 • Age: 24 yrs Acquired By The Carlyle Group
Provider of motor finance and technology solution.
Annual revenue $119.1M Latest available
Total funding $15.0M 2 rounds
Employees 440 Tracked headcount
Investors 3 Known backers
Products 2 Services tracked
Competitors - Brand Intelligence

About Evolution Funding

Evolution Funding is a company based in Chesterfield (United Kingdom) founded in 2002 was acquired by The Carlyle Group in July 2023. Evolution Funding has raised $15.02 million across 2 funding rounds from investors including The Carlyle Group, LDC and Swedfund. The company has 440 employees as of January 31, 2022. Evolution Funding has completed 4 acquisitions, including Automotive Compliance, China Molybdenum Group and Click Dealer. Evolution Funding offers products and services including Motor Finance and Digital Solutions.

  • Headquarter Chesterfield, United Kingdom
  • Employees 440 as on 31 Jan, 2022
  • Email
    Locked
  • Phone
    Locked
  • Website
    Locked
  • Social
    Locked
  • Legal Name Evolution Funding Ltd
Operational Areas
Not available
Key Metrics
  • Annual Revenue
    $119.09 M (USD)
    43
    as on Dec 31, 2022
  • Net Profit
    -$10.33 M (USD)
    31
    as on Dec 31, 2022
  • EBITDA
    -$8.13 M (USD)
    40
    as on Dec 31, 2022
  • Total Equity Funding
    $15.02 M (USD)

    in 2 rounds

  • Latest Funding Round
    Not available
  • Investors
  • Employee Count
    440

    as on Jan 31, 2022

  • Investments & Acquisitions
  • Acquired by
    The Carlyle Group

    (Jul 25, 2023)

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Products & Services of Evolution Funding

Evolution Funding offers a comprehensive portfolio of products and services, including Motor Finance and Digital Solutions.

Product name locked
Category locked
Primary

Finance is provided for used vehicles through brokerage services

Product name locked
Category locked
Locked

Digital tools are offered for lead generation, credit pre-screening, and lender selection in motor finance

People of Evolution Funding

Headcount 50-200
Employee Profiles 57
Employee Profiles
People
Darren Tait
Regional Account Manager
People
Oliver N.
Development Manager
People
Mark O'Reilly
Senior Proposition Owner
People
Ashley Messenger
Account Manager

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Funding Insights of Evolution Funding

Evolution Funding has successfully raised a total of $15.02M across 2 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.

Investors in Evolution Funding

Evolution Funding has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include The Carlyle Group, LDC and Swedfund.

All
Venture Fund
Investor Description Founded Year Domain Location
Private equity investments are focused on multiple sectors for growth.
Locked Locked Locked
Early-stage SMEs are invested in by government-operated Swedfund.
Locked Locked Locked
Private equity investments are directed toward multiple sectors.
Locked Locked Locked
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Investor details for Evolution Funding

Investor domains, locations, round participation, and complete history require an active premium plan.

  • Investor domains
  • Investor locations
  • Funding rounds
  • Participation history

Verified entity values are shown only after access is granted.

Investments & Acquisitions by Evolution Funding

Evolution Funding has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include Automotive Compliance, China Molybdenum Group and Click Dealer.

Investments
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Investment portfolio details for Evolution Funding

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  • Portfolio identities
  • Transaction dates
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Acquisitions
Company Name Description Domain Location Founded Year Amount
Provider of financial services
Locked Locked 2017 Locked
Provides FCA compliance advice, software, and consultation for automotive businesses.
Locked Locked 2008 Locked
Digital retail and finance solutions are provided for dealerships.
Locked Locked 1999 Locked
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Complete acquisition details for Evolution Funding

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  • Transaction dates
  • Acquired stakes
  • Disclosed values
  • Domains and locations

Verified entity values are shown only after access is granted.

Financial Statements - Evolution Funding

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Detailed financials for Evolution Funding

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  • Profit trends
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Evolution Funding Comparisons

Evolution Funding Primary company
Description
Provider of motor finance and technology solution.
Location
Chesterfield, United Kingdom
Founded Year
2002
Annual Revenue
$119.09 M (USD)
Net Profit
-$10.33 M (USD)
EBITDA
-$8.13 M (USD)
Employees
440
As of 2022
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Peer comparison for Evolution Funding

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Competitors of Evolution Funding

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Detailed competitors of Evolution Funding

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Latest news on Evolution Funding

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Complete news archive for Evolution Funding

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Frequently Asked Questions about Evolution Funding

Evolution Funding was founded in 2002 and raised its 1st funding round 16 years after it was founded.

Evolution Funding is headquartered in Chesterfield, United Kingdom. It is registered at Chesterfield, Derbyshire, United Kingdom.

Evolution Funding is a funded company, having raised a total of $15.02M across 2 funding rounds to date.

As of Jan 31, 2022, the latest employee count at Evolution Funding is 440.

Annual revenue of Evolution Funding is $119.09M as on Dec 31, 2022.

Evolution Funding, based in Chesterfield, United Kingdom, focuses on leveraging cutting-edge technology. Provider of motor finance and technology solution. The company prioritizes operational excellence and customer-centric approaches. It continues to evolve, meeting industry challenges with strategic approaches and commitment to quality.

Evolution Funding offers Motor Finance and Digital Solutions.

Evolution Funding has made 4 acquisitions, including Automotive Compliance, China Molybdenum Group, and Click Dealer.

Evolution Funding has 3 investors. Key investors include The Carlyle Group, LDC, and Swedfund.

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