Emergence Capital Closes Two Funds Totalling $950M

Emergence Capital

Emergence, a San Mateo, Calif.-based venture capital firm focused on enterprise technology companies, closed two funds totalling $950m.

These include:

  • Emergence Capital Partners (ECP) VI, at $575m, to make early-stage investments, and
  • Emergence Capital Opportunity I, a $375m opportunity fund to make follow-on rounds in existing portfolio companies.

The two new funds bring Emergence’s total capital raised to $2.3 billion across seven funds. 

The new funds will be managed by Founder and General Partner Gordon Ritter and General Partners Kevin Spain, Santi Subotovsky, Joe Floyd, Jake Saper, Carlotta “Lotti” Siniscalco.

Emergence Founder and General Partner Jason Green will remain active with his existing portfolio but he will not be investing out of the new funds.

Emergence is a venture capital firm focused on early-stage enterprise software companies. The firm’s investments’ current market capitalization is over $312B and includes companies such as Zoom (ZM), Veeva Systems (VEEV), Box (BOX), Bill.com (BILL), SuccessFactors (SFSF, acquired by SAP), Yammer (acquired by Microsoft), ServiceMax (acquired by GE) and Intacct (acquired by Sage).