About Emergence Capital
Emergence Capital is a venture capital firm founded in 2000. It is primarily based out of San Francisco, United States. As of Sep 2026, Emergence Capital is an active investor, having invested in 151 companies, with 20 new investments in the last 12 months. It primarily invests in Series B round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and FinTech. Most recently it participated in the $***** Seed round of Ando Overall, Emergence Capital portfolio has seen 18 unicorns, 7 IPOs and 46 acquisitions including key companies like Salesforce, Zoom and Box. A lot of funds co-invest with Emergence Capital, with names like Y Combinator sharing a substantial percentage of its portfolio. Emergence Capital has team of 14 people including 8 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Series B & 6 more
Portfolio Acquisitions
Portfolio Soonicorns
Emergence Capital's List of Top Investments
Emergence Capital has a portfolio of 151 companies, including 18 unicorns. Their most notable investments are in Zipline and Hi Marley.Their portfolio spans across United States, Canada, Argentina and 6 more locations. They have invested in Enterprise Applications, High Tech, FinTech and 23 other sectors, across stages such as Series A, Series B and 6 more. Here is the list of top investments by Emergence Capital:
1. OpenAI
Artificial intelligence research and development platform offering advanced language models. It enables businesses and individuals to build and integrate AI capabilities into their applications and services. It is a technology company specializing in the development of artificial intelligence models, including the popular ChatGPT, which enables users to interact with AI-powered conversational interfaces. The company's research focuses on achieving artificial general intelligence, a system that can solve complex human-level problems, while prioritizing safety and benefits. It provides its AI models through an API platform, enabling developers to integrate AI capabilities into their applications.
Key facts about OpenAI
- Founded Year: 2015
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series F
- Total Funding till date: $180B
- Employee Count: 11,115 as on Sep 30, 2026
- Investors: Glynn Capital, K2 Global and 97 Others
- Latest Funding Round: Series F, Apr 22, 2026, $*****
- Highlight: Editors' Pick
2. Salesforce
Provider of a platform delivering customer relationship management and cloud solutions. The platform offers applications and tools for sales, service, marketing, commerce, and information technology. It enables businesses to automate tasks, analyze data, and personalize customer interactions. The platform’s features include artificial intelligence, data integration, and application development capabilities.
Key facts about Salesforce
- Founded Year: 1999
- Location: San Francisco (United States)
- Stage: Public
- Total Funding till date: $52M
- Employee Count: 76,453 as on Jan 31, 2025
- Investors: Meritech, Glynn Capital and 38 Others
- Latest Funding Round: Post IPO, May 23, 2023, $*****
- Highlight: Public
3. Gusto
Cloud-based payroll, benefits, and HR software for small and medium-sized businesses. Its core offering is software delivered online, with API integrations and automation features designed to help SMBs manage back-office operations more efficiently.
Key facts about Gusto
- Founded Year: 2012
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $718M
- Employee Count: 8,159 as on Sep 30, 2026
- Investors: Western Technology Investment, Glynn Capital and 85 Others
- Latest Funding Round: Series E, May 13, 2022, $*****
- Highlight: Editors' Pick
4. Zoom
Cloud-based video conferencing software. It offers HD video conferencing, whiteboard sharing, meeting recorders, document storage, etc. It can be integrated with Dropbox. It is available on a subscription based pricing model.
Key facts about Zoom
- Founded Year: 2011
- Location: San Jose (United States)
- Stage: Public
- Total Funding till date: $157M
- Employee Count: 13,905 as on Jul 31, 2026
- Investors: ADS Ventures, Qualcomm Ventures and 19 Others
- Latest Funding Round: Series D, Jan 17, 2017, $*****
- Highlight: Public
5. Box
Cloud-based platform for file sharing. It is a content management platform that provides secure file sharing, storage, and collaboration solutions. The product modules include workflow automation, file collaboration, electronic signature, whiteboarding and team collaboration tool, AI document summarizing, compliance management, note taking, API integration, and more. It is a tool available on the subscription based pricing model.
Key facts about Box
- Founded Year: 2005
- Location: Redwood City (United States)
- Annual Revenue: $1B+ as on Jan 31, 2026
- Stage: Public
- Total Funding till date: $693M
- Employee Count: 4,447 as on Sep 30, 2026
- Investors: Meritech, Section Partners and 38 Others
- Latest Funding Round: Post IPO, May 12, 2021, $*****
- Highlight: Public
Emergence Capital's Year-on-Year Investment Trends
Emergence Capital has invested in 151 companies over the last 26 years, with an average of 9 new investments annually in the last 10 years. In 2025, it made 17 investments, while as of Sep 2026, it has made 24 investments in this year. Its most recent first time investment was in Ando and most recent follow-on round was in Sela.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 15 | 9 | 24 |
2025 | 15 | 2 | 17 |
2024 | 4 | 8 | 12 |
2023 | 6 | 1 | 7 |
2022 | 5 | 10 | 15 |
2021 | 13 | 15 | 28 |
2020 | 8 | 11 | 19 |
2019 | 3 | 5 | 8 |
2018 | 7 | 7 | 14 |
2017 | 9 | 6 | 15 |
Emergence Capital's Investments by Stage
Emergence Capital has made 65 investments in Series A stage with an average round size of $14.9M, 36 investments in Series B stage with an average round size of $56.1M and 23 investments in Seed stage with an average round size of $12.9M.Stage of entry | No. of Investments |
|---|---|
Series A | 65 |
Series B | 36 |
Seed | 23 |
Series C | 10 |
Series D | 3 |
Others | 4 |
Note: We have considered here, only first round of investments
Emergence Capital's Investments by Sector
Emergence Capital has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, Vertical SaaS, FinTech and Enterprise Infrastructure. Notably, it has invested in 140 Enterprise (B2B) companies, 139 Tech companies, 122 Software companies and at least 95 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 120 |
High Tech | 37 |
Vertical SaaS | 36 |
FinTech | 23 |
Enterprise Infrastructure | 17 |
Others | 91 |
Note: We have considered here, only first round of investments
Emergence Capital's Investments by Geography
Emergence Capital has made most investments in United States (128), followed by Canada where it has made 5 investments.Country | No. of Investments |
|---|---|
United States | 128 |
Canada | 5 |
Argentina | 1 |
China | 1 |
Finland | 1 |
Others | 4 |
Note: We have considered here, only first round of investments
Emergence Capital's recent investments
Emergence Capital has made 24 investments in 2026 so far. Ando and Sela are the latest among them.Here are the most recent investments by Emergence Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Sep 24, 2026 | United States | Seed | 5764 | [+1] | |
Sep 22, 2026 | United Kingdom | Series A | 8661 | ||
Sep 22, 2026 | United Kingdom | Seed | 7702 | ||
Sep 22, 2026 | Finland | Series B | 9477 | [+8] | |
Sep 17, 2026 | United States | Series B | 6594 | [+4] |
Unicorns in Emergence Capital's Portfolio
Emergence Capital has 18 unicorns in its portfolio - Verda, Arcee.ai, Gimlet Labs and others. The most recent unicorn in their portfolio is Verda. It became a unicorn in 2026.Here is a list of unicorns in Emergence Capital's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
54 | Provider of cloud infrastructure for artificial intelligence workloads | 2017 | Helsinki | Series B | xvzavqz | ||
64 | Platform to train, and deploy language models | 2023 | San Francisco | Series B | mbbrhej | ||
63 | Developer of software to deploy and monitor AI applications across fleets | 1990 | San Francisco | Series B | sophmha | ||
65 | Developer of autonomous technology for transforming construction and industrial equipment | 2024 | San Francisco | Series B | uofmwey | ||
74 | Provider of AI-powered productivity and workspace solutions | 2023 | Palo Alto | Series B | erc{sud |
IPOs and Publicly Listed companies in Emergence Capital's Portfolio
7 of Emergence Capital's portfolio companies have become public. Blend got listed on the New York Stock Exchange (NYSE), in Jul 2021 at marketcap of $3.95B and Doximity got listed on the New York Stock Exchange (NYSE) at marketcap of $4.63B.Here are Emergence Capital's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 16, 2021 | Aug 24, 2017 | Series D | 5609 | |
Jun 24, 2021 | Mar 16, 2011 | Series A | 9237 | |
Dec 12, 2019 | Sep 24, 2007 | Series B | 8070 | |
Apr 18, 2019 | Feb 04, 2015 | Series C | 1443 | |
Jan 23, 2015 | Mar 02, 2011 | Series D | 3269 |
Acquired companies in Emergence Capital's Portfolio
46 companies from Emergence Capital's portfolio have been acquired. The most recent acquisition was DroneDeploy in Jul 2026 by Procore for $*****.Here are Emergence Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 30, 2026 | Mar 31, 2015 | Series A | 1607 | |
Mar 25, 2026 | Apr 27, 2010 | Series B | 8660 | |
Jan 29, 2026 | Jul 31, 2025 | Seed | 8839 | |
May 27, 2025 | Apr 17, 2007 | Series A | 5763 | |
Apr 03, 2025 | May 23, 2023 | Series A | 2783 |
Team profile of Emergence Capital
Emergence Capital has a team of 14 members including 8 Partners and 2 Principals located in United States. Emergence Capital's team sits on the board of 4 companies.Here is a list of top team members in Emergence Capital:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | San Mateo | - | ||
Partner | Los Altos | - | ||
Partner | San Francisco | - | ||
Partner | - | - | ||
Partner | San Francisco | - | - | |
Partner | San Francisco | - | ||
Partner | San Francisco | - | - | |
Partner | San Francisco | - | - | |
Principal | San Francisco | - | - | |
Principal | San Francisco | - | - |
Co-investors of Emergence Capital
Over the past 26 years, 954 investors have co-invested in Emergence Capital's portfolio companies. This includes funds and angels.
- Invested before Emergence Capital: Y Combinator, Accel and 312 others have invested in rounds before Emergence Capital. There are 14 companies where Y Combinator has invested before Emergence Capital and 4 companies where Accel has invested before Emergence Capital.
- Top Co-investors of Emergence Capital: 304 investors entered a company along with Emergence Capital. These include investors like Y Combinator (5 companies).
- Invested after Emergence Capital: A total of 336 investors have invested in Emergence Capital's portfolio after their investments. Top Investors include Sozo Ventures (8 companies), Bessemer Venture Partners (5 companies) and Salesforce Ventures (5 companies).
Recent News related to Emergence Capital
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Verda Cloud Raises $189M for AI Infrastructure ExpansionSiliconAngle•Sep 22, 2026•Emergence Capital, Verda, Verda, Super Micro and 1 other
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Tesi continues to support Verda as the company becomes a unicorn with a EUR 163 million funding roundTesi•Sep 22, 2026•Tesi, Verda, Emergence Capital, Super Micro and 5 others
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Ferry Health Emerges from Stealth with $9M Seed FundingHIT Consultant•Sep 17, 2026•Layout Ventures, HEX, Chapter Inc., SV Angel and 9 others
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EverSettled Raises $5M Seed Funding to Expand AI-Driven Probate Automation PlatformThe SaaS News•Jul 17, 2026•Emergence Capital
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This female founder nearly lost her family home to probate. She just raised $5M from Emergence to fix itTech Funding News•Jul 16, 2026•Emergence Capital
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Prosper AI Raises $30 Million Series A Led by Andreessen Horowitz to Scale AI Platform for Patient JourneyGlobeNewswire•Jun 22, 2026•Prosper Technologies, Andreessen Horowitz, Base10 Partners, Y Combinator and 5 others
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Genspark Secures $275 Million Series B Funding, Valued at $1.25 BillionJun 20, 2026•Emergence Capital, Genspark
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Bland Secures $50M Series C Funding Led by Dell Technologies Capital to Scale Voice AI PlatformThe SaaS News•Jun 17, 2026•Dell Technologies Capital, Archerman Capital, HubSpot, Y Combinator and 12 others
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Radical Numerics Raises $50M in Seed FundingFinSMEs•Jun 15, 2026•Radicalnumerics, Triatomic, First Spark Ventures, Emergence Capital and 2 others
