SAN MATEO, Calif. – Emergence, a premier venture capital firm specializing in enterprise technology companies, has solidified its commitment to early-stage investment with the successful closing of two new funds. Emergence Capital Partners (ECP) VI, a $575 million fund, will focus on continuing the firm’s tradition of early-stage investments. Alongside this, Emergence has launched Emergence Capital Opportunity I, a $375 million opportunity fund, marking a first for the firm in dedicating capital to follow-on investments within its existing portfolio.
These two new funds elevate Emergence’s total capital raised to an impressive $2.3 billion across seven funds. The firm’s strategic investments in public companies have resulted in an aggregate market capitalization exceeding $312 billion. Notably, Emergence’s early backing of industry giants like Zoom, Veeva, and Bill.com stands out as some of the most successful venture investments to date.
The management of these new funds will be spearheaded by Founder and General Partner Gordon Ritter, along with General Partners Kevin Spain, Santi Subotovsky, Joe Floyd, and Jake Saper. Each of these partners has risen through the ranks at Emergence, embodying the firm’s commitment to internal growth. Adding to the leadership team, Carlotta “Lotti” Siniscalco, who joined Emergence in 2018, has been promoted to Principal. While Emergence Founder and General Partner Jason Green will continue to support his current portfolio, he will not be investing from the newly established funds.
“Culture is paramount at Emergence. Instead of directly hiring general partners, we focus on recruiting talented investment professionals who share our core values. We are dedicated to nurturing their expertise through mentorship and internal advancement,” stated Gordon Ritter, Founder and General Partner at Emergence Capital Partners. “I am particularly proud that for the first time, the majority of the Emergence partnership consists of individuals who were not among the original founders. This milestone is a testament to the effectiveness of our ‘grow from within’ philosophy.”
Since its inception in 2003, Emergence Capital Partners has carved a distinctive path with its concentrated strategy. The firm’s unwavering dedication to early-stage enterprise technology investment is underpinned by two key convictions: first, a deep understanding of enterprise technology is essential for identifying promising companies; and second, providing meaningful support to enterprise technology companies requires specialized domain expertise.
This focused approach has consistently positioned Emergence at the forefront of enterprise technology trends. The firm’s pioneering theses in areas such as Coaching Networks, Deskless Workforce, Deep Collaboration, and Industry Cloud are widely recognized, defining key opportunity areas for entrepreneurs in the enterprise market. Emergence Capital Partners remains proactive in exploring emerging investment theses driven by technological advancements and evolving customer needs.
Emergence aims to be recognized as an enterprise founder’s “Most Important Partner.” This dedication to the enterprise sector equips the firm’s partners with unparalleled insights into scaling enterprise technology companies. To ensure this expertise is effectively shared, each partner at Emergence undertakes an average of only one new investment per year. This deliberate approach maintains a manageable board load, allowing each partner to engage deeply with founders across various critical activities that accelerate company growth.
“Emergence was our first institutional investor from Silicon Valley. I deeply value the guidance and enduring partnership we have with the Emergence team. They are more than just a partner; Emergence is family,” affirmed Eric Yuan, Founder & CEO of Zoom. “I am confident that these new funds will enable Emergence Capital Partners to support a new wave of founders as they build companies that enhance how we work and improve workplace satisfaction.”
Emergence Capital Partners is committed to making a positive impact that extends beyond Silicon Valley. The firm strategically partners with limited partners who champion positive global change, adding a deeper sense of purpose to the team’s daily work. Emergence is proud to have a significant portion of its investor base actively contributing to crucial causes, including racial, ethnic, and gender justice, climate science, education, and medical research.
“A foundational value at Emergence Capital Partners is ‘Win Big in the Long Run.’ This principle applies equally to our investor base and our daily operations,” emphasized Kevin Spain, General Partner at Emergence. “We are privileged to have exceptional institutions as limited partners who channel our returns into initiatives that benefit both people and the planet.”
About Emergence
Emergence Capital Partners is the leading venture capital firm concentrating on early-stage enterprise software companies. Its mission is to be the most vital partner to companies revolutionizing the way the world works. The firm’s portfolio companies boast a combined market capitalization exceeding $312 billion and include industry leaders 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). For further details about Emergence, please visit http://www.emcap.com and follow @emergencecap on Twitter.
