About Evolve
Evolve is a company based in Denver (United States) founded in 2001 by Adam J Sherry and Brian Egan.. Evolve has raised $185.5 million across 3 funding rounds from investors including T. Rowe Price, Allen & Company and ArrowMark Partners. Evolve operates in a competitive market with competitors including Vacasa, Blueground, Sonder, TurnKeyVR and Frontdesk, among others.
- Headquarter Denver, United States
- Founders Adam J Sherry, Brian Egan
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Sectors
Travel & Hospitality
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$185.5 M (USD)
in 3 rounds
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Latest Funding Round
$100 M (USD), Series D
Feb 14, 2022
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Investors
T. Rowe Price
& 7 more
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Employee Count
Employee Count
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Leadership Team
23 people
Sales and Marketing
17 people
Software Development Team
17 people
Manager Team
16 people
Senior Team
16 people
Product Management Team
12 people
Operations Team
10 people
Finance and Accounting
8 people
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Funding Insights of Evolve
Evolve has successfully raised a total of $185.5M across 3 strategic funding rounds. The most recent funding activity was a Series D round of $100 million completed in February 2022. 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 3
- Last Round Series D — $100.0M
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First Round
First Round
(13 Jun 2016)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2022 | Amount | Series D - Evolve | Valuation | Durable Capital Partners |
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| Aug, 2018 | Amount | Series D - Evolve | Valuation | T. Rowe Price | |
| Jun, 2016 | Amount | Series B - Evolve | Valuation | T. Rowe Price , Annox Capital |
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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 Evolve
Evolve has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include T. Rowe Price, Allen & Company and ArrowMark Partners. 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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Investment management services are offered by Durable Capital Partners.
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Founded Year | Domain | Location | |
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Private equity investments are managed by Winslow Capital.
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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.
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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 Evolve
| 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 |
Financial Statements - Evolve
| 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 |
Evolve Comparisons
Competitors of Evolve
Evolve operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Vacasa, Blueground, Sonder, TurnKeyVR and Frontdesk, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Vacation rentals are booked via an app-based platform by travelers.
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| domain | founded_year | HQ Location |
Furnished apartments are rented for flexible mid- to long-term stays.
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| domain | founded_year | HQ Location |
Managed vacation rentals are booked through an app-based platform.
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| domain | founded_year | HQ Location |
Vacation rental management and booking services are provided to homeowners.
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| domain | founded_year | HQ Location |
Managed vacation rentals are booked via an online platform.
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| domain | founded_year | HQ Location |
Managed vacation rentals are booked via an online platform.
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| 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 Evolve
Frequently Asked Questions about Evolve
When was Evolve founded?
Evolve was founded in 2001 and raised its 1st funding round 15 years after it was founded.
Where is Evolve located?
Evolve is headquartered in Denver, United States. It is registered at Denver, Colorado, United States.
Who is the current CEO of Evolve?
Brian Egan is the current CEO of Evolve. They have also founded this company.
Is Evolve a funded company?
Evolve is a funded company, having raised a total of $185.5M across 3 funding rounds to date. The company's 1st funding round was a Series B of $5.5M, raised on Jun 13, 2016.
What does Evolve do?
Evolve was founded in 2001 in Denver, United States, as an online platform in the travel sector focused on vacation rental accommodations. Bookings are facilitated through the platform by submitting location preferences, user information, and payment details. The company is led by co-founders Adam J Sherry and Brian Egan, the latter serving as CEO. Operations center on connecting users with rental options across various geographies.
Who are the top competitors of Evolve?
Evolve's top competitors include Vacasa, Sonder and Blueground.
Who are Evolve's investors?
Evolve has 8 investors. Key investors include T. Rowe Price, Allen & Company, ArrowMark Partners, Winslow Capital, and Durable Capital Partners.
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