Emergence

Emergence Capital, based in San Francisco, California, is a pioneering venture capital firm exclusively focused on early and growth-stage enterprise cloud and SaaS companies. Established in 2003, the firm has built a strong reputation as a specialist investor, often credited with being one of the first venture firms to exclusively target the cloud computing sector. Their deep domain expertise allows them to identify and support transformative businesses that leverage software-as-a-service models to redefine industries.

Emergence's investment strategy centers on leading or co-leading Series A and Series B rounds, providing not just capital but also strategic guidance and access to a robust network of enterprise leaders. They seek out companies with strong product-market fit, visionary leadership, and significant market potential. Their portfolio boasts an impressive list of industry-defining companies, including early investments in Salesforce, Zoom, and Veeva Systems, demonstrating their ability to spot future market leaders.

The firm has consistently raised larger funds over its history, reflecting its successful track record and increasing investment capacity. Their most recent fund, Emergence Capital VI, closed in 2022 with $500 million in commitments, bringing their total capital under management to well over $1.8 billion across all funds. This substantial capital base enables them to make initial investments typically ranging from $5 million to $25 million, with significant reserves for follow-on rounds, supporting their portfolio companies through various stages of growth. Their focused approach and long-term commitment to the enterprise cloud sector have cemented their position as a top-tier investor in the space.