The round was also supported by the company’s existing investors including GGV Capital, Lightspeed Venture Partners and Khosla Ventures.
Evolv said it would use the fresh funds to develop its predictive analytics software, grow its share of the market and expand geographically.
The company says its technology predicts and benchmarks employee performance, identifies effective and ineffective training and management practices and recommends organizational improvements.
Bill Harding, VantagePoint Capital Partners managing director, said, “Evolv is a defining leader in predictive analytics technology and showcases how big data can be leveraged to improve stagnant business processes.
“We are confident about Evolv’s dynamic business model and fully support the management team as they continue to improve relationships between employers and employees.”
VantagePoint currently has committed capital of $4bn across 70 investments.
In February the firm reportedly pulled its latest fund due to a lack of LP appetite.
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