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
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Evolution Funding Ltd
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Annual Revenue
$119.09 M (USD)43as on Dec 31, 2022
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Net Profit
$-10.33 M (USD)31as on Dec 31, 2022
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EBITDA
$-8.13 M (USD)40as on Dec 31, 2022
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Total Equity Funding
$15.02 M (USD)
in 2 rounds
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Latest Funding Round
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Investors
The Carlyle Group
& 2 more
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Employee Count
440
as on Jan 31, 2022
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Investments & Acquisitions
Automotive Compliance
& 3 more
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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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Finance is provided for used vehicles through brokerage services
Digital tools are offered for lead generation, credit pre-screening, and lender selection in motor finance
Unlock access to complete
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.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Last Round
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First Round
First Round
(13 Apr 2018)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2019 | Amount | Private Equity Round - Evolution Funding | Valuation | LDC |
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| Apr, 2018 | Amount | Series A - Evolution Funding | Valuation | Swedfund |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity investments are focused on multiple sectors for growth.
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Founded Year | Domain | Location | |
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Early-stage SMEs are invested in by government-operated Swedfund.
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Founded Year | Domain | Location | |
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Private equity investments are directed toward multiple sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
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. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Provider of financial services
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2017 | ||||
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Provides FCA compliance advice, software, and consultation for automotive businesses.
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2008 | ||||
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Digital retail and finance solutions are provided for dealerships.
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1999 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Evolution Funding
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Evolution Funding Comparisons
Competitors of Evolution Funding
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Evolution Funding
Frequently Asked Questions about Evolution Funding
When was Evolution Funding founded?
Evolution Funding was founded in 2002 and raised its 1st funding round 16 years after it was founded.
Where is Evolution Funding located?
Evolution Funding is headquartered in Chesterfield, United Kingdom. It is registered at Chesterfield, Derbyshire, United Kingdom.
Is Evolution Funding a funded company?
Evolution Funding is a funded company, having raised a total of $15.02M across 2 funding rounds to date. The company's 1st funding round was a Series A of $15.02M, raised on Apr 13, 2018.
How many employees does Evolution Funding have?
As of Jan 31, 2022, the latest employee count at Evolution Funding is 440.
What is the annual revenue of Evolution Funding?
Annual revenue of Evolution Funding is $119.09M as on Dec 31, 2022.
What does Evolution Funding do?
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.
What products or services does Evolution Funding offer?
Evolution Funding offers Motor Finance and Digital Solutions.
How many acquisitions has Evolution Funding made?
Evolution Funding has made 4 acquisitions, including Automotive Compliance, China Molybdenum Group, and Click Dealer.
Who are Evolution Funding's investors?
Evolution Funding has 3 investors. Key investors include The Carlyle Group, LDC, and Swedfund.