Software investor EVP is raising $100m for its fourth fund

Software-focused venture capital fund EVP is kicking off a $100 million raise for its fourth fund, emphasising to investors the 3.1 times valuation uplift of its first portfolio of investments.

Previously known as Equity Venture Partners, EVP was founded in 2014 by Les Szekely – the first investor in both HotelClub and SiteMinder – and Howard Leibman, but did not launch its first $25 million fund until 2016.