About Emerald Development Managers
Emerald Development Managers is a venture capital firm founded in 1994. It is primarily based out of New York City, United States. As of May 2025, Emerald Development Managers is an active investor, having invested in 29 companies, with 2 new investments in the last 12 months. It primarily invests in Series A round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to HealthTech and Life Sciences. Most recently it participated in the $***** Seed round of Uviquity Overall, Emerald Development Managers portfolio has seen 1 unicorn and 3 acquisitions including key companies like Socure, Transcend Therapeutics and Axis Security. A lot of funds co-invest with Emerald Development Managers, with names like RRE Ventures sharing a substantial percentage of its portfolio. Emerald Development Managers has team of 9 people including 2 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Seed & 3 more
Portfolio Acquisitions
Portfolio Unicorns
Portfolio Soonicorns
Deals in last 12 months
Emerald Development Managers' List of Top Investments
Emerald Development Managers has a portfolio of 29 companies, one of which is a Unicorn. Their most notable investments are in ETCH and Vixiar Medical.Their portfolio spans across United States, Canada, Israel and 1 more locations. They have invested in Enterprise Applications, HealthTech, Life Sciences and 17 other sectors, across stages such as Series A, Seed and 3 more. Here is the list of top investments by Emerald Development Managers:
1. Socure
Provider of AI based platform offering identity verification. It provides users with products such as machine learning-based fraud detection, identity verification, onboarding, document verification, and more. It also features fuzzy name matching and natural language processing tools for adverse media screening.
Key facts about Socure
- Founded Year: 2012
- Location: New York City (United States)
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $650M
- Employee Count: 525 as on Mar 31, 2026
- Investors: Section Partners, Bain Capital Ventures and 42 Others
- Latest Funding Round: Conventional Debt, Mar 08, 2023, $*****
- Highlight: Editors' Pick
2. TrueFort
Application security solutions provider. The products offered by the company are TrueFort Analytics and TrueFort Protect. It uses machine learning to build application policies for virtual segmentation and detect behavior anomalies, insider threats, and advanced persistent threats. The features of the product include real-time data streaming, risk assessment, risk posture management, etc.
Key facts about TrueFort
- Founded Year: 2015
- Location: Weehawken (United States)
- Stage: Series B
- Total Funding till date: $48M
- Employee Count: 37 as on Dec 31, 2022
- Investors: Shasta Ventures, Evolution Equity Partners and 6 Others
- Latest Funding Round: Series B, Sep 08, 2021, $*****
- Highlight: Editors' Pick
3. Proscia
Proscia’s is a cloud-based software platform that clinic management, analysis, access, and collaboration for slide images in digital pathology. The features of the Proscia platform that allow users to improve whole slide image workflows include secure storage, annotation, and collaboration on digital biopsies. The company has developed a digital pathology platform called Concentriq that uses AI technology for computational pathology applications. The company has developed a tool that assists helathacre providers to diagnose cancer cells using image analysis technology.
Key facts about Proscia
- Founded Year: 2014
- Location: Philadelphia (United States)
- Stage: Series C
- Total Funding till date: $129M
- Employee Count: 129 as on Mar 31, 2026
- Investors: AIC, Venture for America and 22 Others
- Latest Funding Round: Series C, Mar 04, 2025, $*****
- Highlight: Editors' Pick
4. Cyware
Provider of threat intelligence and SOAR to help businesses detect and stop cyberattacks. It helps enterprise cybersecurity teams build platform agnostic virtual cyber fusion centers. It offers a Virtual Cyber Fusion Center Platform with next generation SOAR technology. It enables organizations to increase speed and accuracy while reducing costs and analyst burnout. Its Virtual Cyber Fusion solutions make secure collaboration, information sharing, and enhanced threat visibility a reality for enterprises, sharing communities ISAC and ISAO, MSSPs, and government agencies.
Key facts about Cyware
- Founded Year: 2016
- Location: New York City (United States)
- Stage: Series C
- Total Funding till date: $80.9M
- Employee Count: 133 as on Oct 31, 2024
- Investors: Ten Eleven Ventures, Mercato Partners and 9 Others
- Latest Funding Round: Series C, Jun 29, 2023, $*****
- Highlight: Editors' Pick
Develops and manufactures solid oxide fuel cell systems. It operates on common, readily available hydrocarbon fuels such as propane, natural gas, JP-8, and diesel. Its ceramic-based micro-tubular SOFCs operate at high temperatures, enabling operation on commercial fuels such as propane, and delivering efficient, clean power.
Key facts about Watt Fuel Cell
- Founded Year: 2010
- Location: Pittsburgh (United States)
- Stage: Series C
- Total Funding till date: $174M
- Employee Count: 34 as on Mar 31, 2026
- Investors: Park West Asset Management, Senvest Capital and 4 Others
- Latest Funding Round: Series C, Dec 07, 2022, $*****
- Highlight: Editors' Pick
Emerald Development Managers' Year-on-Year Investment Trends
Emerald Development Managers has invested in 29 companies over the last 13 years, with an average of 2 new investments annually in the last 10 years. In 2025, it made 3 investments. Its most recent first time investment was in Uviquity and most recent follow-on round was in Proscia.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 2 | 1 | 3 |
2024 | 0 | 0 | 0 |
2023 | 2 | 1 | 3 |
2022 | 3 | 2 | 5 |
2021 | 1 | 2 | 3 |
2020 | 1 | 1 | 2 |
2019 | 3 | 2 | 5 |
2018 | 0 | 1 | 1 |
Emerald Development Managers' Investments by Stage
Emerald Development Managers has made 7 investments in Series A stage with an average round size of $21.7M, 6 investments in Seed stage with an average round size of $4.37M, 2 investments in Series B stage with an average round size of $29.5M, 1 investment in Series C stage with an average round size of $120M and 1 investment in Unattributed stage.Stage of entry | No. of Investments |
|---|---|
Series A | 7 |
Seed | 6 |
Series B | 2 |
Series C | 1 |
Unattributed | 1 |
Note: We have considered here, only first round of investments
Emerald Development Managers' Investments by Sector
Emerald Development Managers has a diverse portfolio, with companies operating in the Enterprise Applications, HealthTech, Life Sciences, High Tech and Enterprise Infrastructure. Notably, it has invested in 21 Enterprise (B2B) companies, 21 Tech companies, 15 Software companies and at least 6 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 7 |
HealthTech | 5 |
Life Sciences | 5 |
High Tech | 4 |
Enterprise Infrastructure | 3 |
Others | 18 |
Note: We have considered here, only first round of investments
Emerald Development Managers' Investments by Geography
Emerald Development Managers has made most investments in United States (15), followed by Canada where it has made 1 investment.Country | No. of Investments |
|---|---|
United States | 15 |
Canada | 1 |
United Kingdom | 1 |
Note: We have considered here, only first round of investments
Emerald Development Managers' recent investments
Emerald Development Managers has not made any investment in 2026 so far.Here are the most recent investments by Emerald Development Managers:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
May 07, 2025 | United States | Seed | 2296 | [+1] | |
Apr 25, 2025 | Canada | Seed | 8361 | ||
Mar 04, 2025 | United States | Series C | 7678 | [+7] | |
Jul 25, 2023 | United States | Seed | 2175 | - | |
Jun 29, 2023 | United States | Series C | 1151 | [+4] |
Unicorns in Emerald Development Managers' Portfolio
Emerald Development Managers has 1 unicorn in its portfolio - Socure. The most recent unicorn in their portfolio is Socure which became a unicorn in 2021, 5 years before Emerald Development Managers first invested in it.Here is a list of unicorns in Emerald Development Managers' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
66 | Provider of AI based platform offering identity verification | 2012 | New York City | Series E | kiidho{ |
Acquired companies in Emerald Development Managers' Portfolio
3 companies from Emerald Development Managers' portfolio have been acquired. The most recent acquisition were Transcend Therapeutics in Mar 2026 by Otsuka for $700M.Here are Emerald Development Managers' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Mar 27, 2026 | Feb 23, 2023 | Series A | 5036 | |
Jun 27, 2024 | - | - | 4506 | |
Mar 02, 2023 | - | - | 2223 |
Team profile of Emerald Development Managers
Emerald Development Managers has a team of 9 members including 2 Partners and 1 Principal located in United States. Emerald Development Managers' team sits on the board of 1 company.Here is a list of all team members in Emerald Development Managers:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Miami | - | ||
Partner | New York City | |||
Principal | New York City | - |
Co-investors of Emerald Development Managers
Over the past 13 years, 110 investors have co-invested in Emerald Development Managers's portfolio companies. This includes funds and angels.
- Invested before Emerald Development Managers: TEDCO, Maryland.gov and 24 others have invested in rounds before Emerald Development Managers. There are 2 companies where TEDCO has invested before Emerald Development Managers and 2 companies where Maryland.gov has invested before Emerald Development Managers.
- Top Co-investors of Emerald Development Managers: 27 investors entered a company along with Emerald Development Managers. These include investors like RRE Ventures (2 companies).
- Invested after Emerald Development Managers: A total of 57 investors have invested in Emerald Development Managers's portfolio after their investments. Top Investors include Canaan (2 companies), Evolution Equity Partners (1 company) and Lytical Ventures (1 company).
Recent News related to Emerald Development Managers
•
Uviquity Secures $6.6M Seed Funding for Far-UVC Disinfection TechnologySemiconductor Today•May 09, 2025•Ubiquity Retirement & Savings, Emerald Development Managers, AgFunder, Mann-Hummel
•
•
•
Uviquity Secures $6.6M Seed Funding for Far-UVC Semiconductor Technologydailyrecordnews.com•May 07, 2025•Uviquity, AgFunder, Emerald Development Managers, Mann-Hummel
•
Proscia Raises $50M To Advance AI-Driven Pathology And Deliver The Future Of Precision MedicineBenzinga•Mar 19, 2025•Proscia, Insight Partners, Aicapitalpartners, Triangle Peak Partners and 5 others
•
•
Cyware Snags $30M for Threat Intel Infrastructure TechSecurityWeek•Jun 29, 2023•Cyware, Advent International, Zscaler, Emerald Development Managers and 3 others
•
Transcend Therapeutics Raises $40M in Series A FundingFinSMEs•Feb 23, 2023•Transcend Therapeutics, Alpha Wave Global, Integrated, Global Founders Capital and 1 other
•
Torigen Pharmaceuticals Closes $13M Series A1 Funding RoundFinSMEs•Nov 17, 2022•Torigen, Werth Ventures, Connecticut Innovations, Emerald Development Managers and 7 others
•
Evolved By Nature Closes US 120 Series C FundingFinSMEs•Jul 01, 2022•Evolved By Nature, Ontario Teachers' Pension Plan, Senator Investment Group, The Kraft Group and 15 others
