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- Evinced
Evinced Funding, Investors & Competitors
Evinced has raised $112M across 4 funding rounds, most recently a $55M Series C in December 2024.
Last Evinced funding round
$55M
Series C · Dec 2024
Cumulative funding Evinced raised
$112M
across 4 funding rounds
Key investors in Evinced
Engineering Capital
M12
Benhamou Global Ventures
Capital One Ventures
Insight Partners
Vertex Ventures
About Evinced
Evinced is an accessibility automation platform for web and mobile development. New York-headquartered Evinced scans apps and sites to detect WCAG violations, cluster issues, and track fixes automatically. The tools integrate with CI/CD pipelines like Jenkins and GitHub for enterprises including Fortune 500 companies.
Founded
2018
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Evinced Funding History
Evinced has raised a total of $112M across 4 funding rounds.
Evinced's first fundraising round was a $3M pre-seed round in March 2019. The most recent completed round was a $55M Series C in December 2024.
Evinced funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Dec 2024 | Series C | Insight Partners (lead); Benhamou Global Ventures; Vertex Ventures; Capital One Ventures; Engineering Capital; M12 | $55M | Evinced is a Palo Alto-based software company developing accessible web and mobile solutions for developers. The company provides tools and services to help organizations comply with digital accessibility regulations and meet the needs of users with disabilities. Founded by Amit Thadani (formerly VP of Product Development at Oracle after Ravello Systems acquisition), Evinced has grown to over 100 employees with offices across the U.S., Europe, and Tel Aviv, Israel. Evinced closed a Series C funding round on December 12, 2024, raising $55 million led by Insight Partners with participation from existing investors M12 (Microsoft's venture fund), Benhamou Global Ventures, Capital One Ventures, and Engineering Capital, plus new investor Vertex Ventures. This brought total funding to $112 million. The company began generating revenue in February 2021 and has doubled its sales annually since inception. Evinced's customer base includes major financial institutions with collectively $26 trillion in assets, five of the ten largest U.S. and UK media companies, three of the five largest B2B SaaS companies in the U.S., three of the ten largest U.S. healthcare companies, and two of the five largest U.S. retailers. The Series C proceeds will fund strategic expansion in four areas: R&D for generative AI-powered accessibility solutions, expanding the European customer base ahead of the June 2025 European Accessibility Act enforcement, growing global sales and customer success teams, and developing new products. The timing capitalizes on regulatory tailwinds including U.S. courts' expanding interpretation of the ADA to cover digital properties and mandatory accessibility compliance requirements across the EU by end of June 2025. |
| Jun 2022 | Series B | Insight Partners (lead); Benhamou Global Ventures; Capital One Ventures; Engineering Capital; M12 | $38M | Evinced is a software company providing AI-enabled digital accessibility solutions for web and mobile applications, helping enterprises automate accessibility testing and integrate it into development pipelines to detect and fix issues early. Its tools focus on shifting accessibility left in the development process, reducing manual efforts and compliance risks. The company, founded around 2019, serves major clients including four of the top 10 U.S. financial institutions and two of the three largest SaaS providers, with Capital One as both a customer and investor. On June 23, 2022, Evinced raised $38 million in a Series B funding round led by Insight Partners, with participation from Benhamou Global Ventures, Capital One Ventures, Engineering Capital, and M12. The funds were aimed at expanding its platform for enterprise accessibility, particularly in quality assurance integrations and production-ready fixes. Traction includes significant enterprise adoption since its 2021 launch, with pent-up demand noted by CEO Navin Thadani for automated solutions replacing manual approaches. By 2023, Evinced tripled its customer base, driven by tools like Unit Tester. Later, a Series C round of $55 million occurred on December 12, 2024, indicating continued growth. |
| Feb 2021 | Series A | Benhamou Global Ventures (lead); Capital One Ventures (lead); M12 (lead); Engineering Capital | $17M | Evinced raised an undisclosed amount in its Series A round on February 3, 2021, with participation from Benhamou Global Ventures, Capital One Ventures, Engineering Capital, and M12. The company provides AI-driven software for integrating digital accessibility into web and mobile development. This was Evinced's first funding round, following a pre-seed in 2019. Evinced began generating revenue in February 2021, shortly after the round, and doubled sales every year since. The company later raised a $38M Series B in June 2022 led by Insight Partners with the same co-investors, and a $55M Series C in December 2024 led by Insight Partners, bringing total funding to $112M. |
| Mar 2019 | Pre-seed | Engineering Capital | $3M | Evinced raised a Pre-Seed round on March 29, 2019, led by Engineering Capital. This was the company's first funding round, with the amount listed as undisclosed. Evinced develops AI-driven software tools for accessible web and mobile development, helping developers integrate accessibility into the development lifecycle. |
Who has invested in Evinced?
6 investors have backed Evinced across its funding rounds, including Engineering Capital, M12, Benhamou Global Ventures, Capital One Ventures, Insight Partners and Vertex Ventures.
Lead investors include Insight Partners, Benhamou Global Ventures, Capital One Ventures and M12.
Evinced Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 4 | Participant | Mar 2019 | ||
| 3 | Lead | Feb 2021 | ||
| 3 | Lead | Feb 2021 | ||
| 3 | Lead | Feb 2021 | ||
This data is available for Pro users. Sign up to see all 6 Evinced investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialEvinced Competitors
Evinced competitors include listed companies like Shopify and Wix.com, and private ones like Replit, THG Ingenuity, Automattic and Houzz.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $12B | $1.2B | $165B | 11.3x | ||
| Private | $1B | - | $9B | 9.0x | ||
| Private | - | - | $8B | - | ||
| Private | $45M | - | $7.5B | - | ||
| Private | - | - | $4B | - | ||
| Publicly listed | $2B | ($13M) | $3.3B | 2.0x |
Evinced Public Comps
Evinced is still privately-owned, but its public comps include Shopify, Cloudflare, Datadog, Atlassian, MongoDB, DigitalOcean, GoDaddy, JFrog, GitLab and Wix.com.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $12B | $1.2B | 13.9x | 11.3x | 132.9x | 61.9x | |||
| $2.2B | ($25M) | 54.6x | 44.3x | (4653.4x) | 185.1x | |||
| $3.4B | ($588K) | 23.6x | 19.4x | (137813.0x) | 77.6x | |||
| $6.6B | $142M | 7.4x | 7.2x | 342.1x | 23.7x | |||
| $2.5B | ($104M) | 11.9x | 10.4x | (282.5x) | 49.6x | |||
| $901M | $343M | 18.2x | 14.9x | 47.9x | 37.7x | |||
| $5B | $1.3B | 3.1x | 2.9x | 11.7x | 8.9x | |||
| $532M | ($67M) | 20.3x | 17.4x | (159.9x) | 88.4x | |||
This data is available for Pro users. Sign up to see all Evinced competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Evinced
| When was Evinced founded? | Evinced was founded in 2018. |
| Where is Evinced headquartered? | Evinced is headquartered in San Francisco, CA, United States. |
| Is Evinced publicly listed? | No, Evinced is a private, VC-backed company. |
| How much funding has Evinced raised? | Evinced has raised $112M across 4 funding rounds. |
| What was Evinced's last funding round? | Evinced's last funding round was a $55M Series C in December 2024, led by Insight Partners. |
| Who are Evinced's investors? | Evinced's investors include Engineering Capital, Benhamou Global Ventures, Capital One Ventures, M12, Insight Partners and Vertex Ventures. |
| Which companies are comparable to Evinced? | Companies comparable to Evinced include Shopify, Replit, THG Ingenuity, Automattic, Houzz and Wix.com. |
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