Company Overview
Emergence Capital is a San Mateo, California-based venture capital firm specializing in enterprise technology startups. The company has raised over $950 million through its sixth fund and an additional opportunity fund, marking a significant shift from its conservative fundraising approach. Emergence has been a key investor in numerous successful companies, including Zoom, Veeva, Bill.com, SuccessFactors, and Box, among others.
Approach to Fundraising
Emergence’s traditional approach has been conservative, with its fifth fund closing in 2018 at $435 million and the fourth fund in 2015 at $335 million. However, during the COVID-19 pandemic, the firm increased its pace of fundraising, raising nearly a billion dollars across two funds. Jason Green, co-founder and general partner of Emergence, noted that the pivot was driven by the need to build a stronger pipeline and gain conviction in potential opportunities.
Zoom: A Transformative Investment
Emergence’s Series C round led by the firm in 2015 played a pivotal role in Zoom’s growth. Jason Green commented on the impact of Zoom, stating that the investment helped expand the landscape of companies Emergence is willing to invest in. He emphasized that Zoom has been instrumental in increasing the number of target companies, allowing the firm to focus on its top 20-25 investments while streamlining the process over time.
New Fund Details
Emergence announced the closing of its new fund with $575 million in commitments and an opportunity fund of $375 million. The firm’s sixth fund has already generated strong interest, signaling a significant shift in its fundraising strategy. This new fund will be managed by co-founder and general partner Gordon Ritter along with junior partners Kevin Spain, Santi Subotovsky, Joe Floyd, and Jake Saper. Principal Carlotta ‘Lotti’ Siniscalco also joined the team.
Opportunities in Enterprise SaaS Startups
Jason Green remains optimistic about the potential of enterprise SaaS startups. He highlighted several companies that align with the firm’s value proposition, emphasizing their ability to transform business processes across industries. These include platforms focused on collaboration, productivity, and customer relationship management, all of which have strong market traction and scalability potential.
About Emergence Capital
Emergence Capital was founded in 2013 by Jason Green and David McClure, a partner at Benchmark Capital. The firm specializes in investing in enterprise software and technology startups that aim to disrupt traditional business processes. With over $950 million raised through its sixth fund and opportunity fund, Emergence is positioned to continue supporting innovative solutions for businesses of all sizes.
Editor’s Bio
Jason Green
- Co-Founder & General Partner, Emergence Capital
- Board Member, Datadog
- Partner, Benchmark Capital (2013–2015)
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