EvoluteIQ, a Stockholm, Sweden-based AI-powered agentic automation platform, has raised $53 million in a minority growth capital round.
Investors
The round was led by Baird Capital, with participation from additional strategic investors.
Baird Capital is a global private equity firm that manages two platforms—Global Private Equity and U.S. Venture Capital—and invests in B2B technology and services companies in North America and the UK. Partnering with entrepreneurs, Baird Capital leverages its executive networks, portfolio operations team, and deep relationships to provide operational support and drive long-term shareholder value.
As part of the investment, Daina Spedding and Mark Donnelly of Baird Capital will join the EvoluteIQ Board of Directors.
EvoluteIQ Use of Funds
The company will use the funding to drive global expansion, accelerate R&D innovation, and pursue strategic acquisitions. It will also support scaling operations, hiring top talent, and developing next-generation AI technologies.
About EvoluteIQ
Founded in 2019 by Sameet Gupte, Sanjay Koppikar, Deepak Kinger, Arun Hiremath, and Naveen Prabhu, EvoluteIQ provides an AI-native agentic automation platform that redefines how complex business processes are automated. Its flagship platform, EIQ, is powered by proprietary Agentic Mesh Architecture (aMa) and an AI Workbench, enabling Fortune 500 companies to orchestrate complete, end-to-end workflows. EvoluteIQ’s long-term vision is to empower organizations to automate processes at scale through its agentic AI platform. The company is headquartered in Stockholm, Sweden, with a significant presence in London (UK), Menlo Park, California (USA), and Bengaluru (India).
Funding Details
Company: EvoluteIQ
Raised: $53.0M
Round: Minority Growth Capital
Funding Date: September 2025
Lead Investor: Baird Capital
Additional Investors: Not disclosed
Company Website: https://evoluteiq.com/
Software Category: AI Business Process Automation
Source: https://evoluteiq.com/Newsrooom/evoluteiq-secures-53m-growth-investment-led-by-baird-capital-to-accelerate-global-expansion-of-its-agentic-ai-platform/