Emergence Capital Partners
Venture capitalSan Francisco · Seed–Series A · 25 people tracked
Also known as EMERGENCE EQUITY MANAGEMENT, INC
Investment thesis
Emergence focuses on backing founders building B2B software companies, specializing in recognizing emerging business models early in each technology revolution. It made contrarian early bets on horizontal SaaS (Salesforce) and vertical SaaS (Veeva), and is now building expertise across the AI era, including AI infrastructure, physical-world AI, and AI-Native Services companies that sell outcomes rather than software. The firm takes a high-conviction approach, with each Partner making roughly one investment per year so the full team can engage deeply with every founder through diligence, strategy, and network support. It emphasizes long-term, enduring partnerships supported by stable, low-turnover leadership.
Source: firm website, verified Aug 3, 2026.
Team · 25 people
from the firm's website & public directories
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What they invest in
from 24 of 96 portfolio companiesEnterprise Software ×16AI & Machine Learning ×15SaaS ×13Fintech ×6Cloud Computing ×3Construction Tech ×3HR Tech ×3Robotics ×3
HQs:United States×26
Investments · 96 tracked
founders shown can be your intro pathDoximity is the largest verified network of healthcare professionals in the U.S., connecting physicians, PAs, NPs, pharmacists, and medical students across specialties and care settings.
AI & Machine LearningDigital HealthHealthtechSaaSSocialSan Francisco, US
Jeff Tangney(CEO)Dr. Nate Gross(Co-founder)
PartnerKevin Spain· led
Financial automation software for small and midsize businesses
BILL is a unified financial operations platform that automates accounts payable, receivables, and spend management for businesses.
AI & Machine LearningEnterprise SoftwareFintechSaaSSan Jose, US
Stephen Fisher(Director)Rene A. Lacerte(Executive Officer, Director)Steven Piaker(Director)Bora Chung(Executive Officer)Colleen Taylor(Director)Allison Mnookin(Director)
PartnerKevin Spain· led
Box provides intelligent content management and secure collaboration for enterprise teams, combining unstructured data access and sharing with AI-powered workflows and insights.
AI & Machine LearningCloud ComputingEnterprise SoftwareSan Jose, US
Carl Bass(Director)Dana L. Evan(Director)John Park(Director)Peter Leav(Director)Jack Lazar(Director)Dylan Smith(Executive Officer)
Cloud-based CRM and enterprise software; Emergence's contrarian 2003 bet on horizontal SaaS.
PartnerGordon Ritter· led
San Francisco, US
Isaiah Granet(Executive Officer, Director, Promoter)Eric Nejad(Executive Officer, Director, Promoter)
BoardAndrew Vitus(Director)
Board seatYazan El-Baba· per SEC Form D · $37.6M raise · filed Jan 2025
San Francisco, US
Sundeep Madra(Director)Robert Mee(Executive Officer, Director)Martine Boyer(Executive Officer)Matthew Work(Executive Officer, Director)
Board seatJake Saper· per SEC Form D · $69.2M raise · filed Jan 2026
San Francisco, US
Dharmesh Thakker(Director)Austin Hughes(Executive Officer, Director)Jake Saper(Director)Connor Heggie(Executive Officer, Director)
Board seatJake Saper· per SEC Form D · $40.3M raise · filed May 2025
Denver, US
Board seatKevin Spain· per SEC Form D · $45M raise · filed Dec 2015
AI Underwriting Consortium certifies and insures AI agents against failure, helping enterprises confidently adopt AI systems through standardized security audits and insurance coverage.
AI & Machine LearningEnterprise SoftwareInsurTechSan Francisco, US
ASAPP develops AI software for customer service and contact center operations, including generative AI agents and a customer experience platform.
AI & Machine LearningEnterprise SoftwareSaaSNew York, US
Gustavo Sapoznik(Founder)Priya Vijayarajendran(Executive Officer, Director)James Montgomery(Director)Somesh Khanna(Director)Douglas Chertok(Director)Frank Slootman(Director)
Bedrock Robotics develops autonomous robotic systems for construction sites, applying self-driving vehicle technology to address skilled labor shortages in building, energy, data centers, and factories.
AI & Machine LearningConstruction TechRobotics
Boris Sofman(Founder & CEO)inKevin Peterson(Founder)Ajay Gummalla(Founder)
Betterworks is a performance management platform that connects goals, feedback, skills, and talent intelligence to help HR leaders align work to business outcomes and make evidence-based talent decisions.
Enterprise SoftwareHR TechSaaS
Platform for building customizable AI voice agents, featuring a no-code Conversational Pathways workflow builder, call observability/analytics, enterprise integrations, and self-hosted HIPAA/GDPR-compliant deployment.
Casap is an AI agent platform for dispute and fraud operations at financial institutions including banks, credit unions, and fintechs.
AI & Machine LearningEnterprise SoftwareFintechSaaSSan Francisco, US
Shanthi Shanmugam(Chief Executive Officer, Co-Founder)Saisi Peter(Co-Founder)
PartnerLotti Siniscalco· led
Chainalysis provides investigative services and training programs for cryptocurrency compliance and risk mitigation.
AI & Machine LearningCrypto & Web3CybersecurityData & InfrastructureFintechNew York City, US
Rakib Azad(Executive Officer)Jonathan Levin(Executive Officer, Director, Promoter)Michael Gronager(Executive Officer, Director, Promoter)
BoardPhilippe Botteri(Director)Sarah Tavel(Director)
Check provides embedded payroll infrastructure and APIs that enable software platforms and businesses to build and offer native payroll products to their customers.
Enterprise SoftwareFintechSaaS
Andrew Brown(CEO)
Civitas Learning provides a data analytics and student success platform for colleges and universities, enabling institutional leaders and student-facing staff to make data-informed decisions to improve student outcomes and retention.
AI & Machine LearningData & InfrastructureEdTechEnterprise Software
DroneDeploy provides a robotics and AI platform used for data collection and site intelligence across construction, energy, infrastructure, and agriculture.
AgTechAI & Machine LearningClimate TechConstruction TechImpact & Social GoodRoboticsSan Francisco, US
Mike Winn(CEO & Co-Founder)inNick Pilkington(CTO & Co-Founder)inJono Millin(Chief Data Officer & Co-Founder)in
Palo Alto, US
David Moran(Executive Officer, Director, Promoter)Max Silverstein(Executive Officer)James White(Director)Jamie Rapperport(Executive Officer, Director, Promoter)
BoardBrian Jacobs(Director)
PartnerLotti Siniscalco· led
PartnerJoe Floyd· led
Gusto provides payroll processing, employee benefits administration, and HR management tools to businesses, offering integrated software alongside support services for these functions.
Enterprise SoftwareHR TechSan Francisco, US
Josh Reeves(Founder/CEO)inEdward Kim(Founder/Empowering Gusto's Engineering Team)inTomer London(Founder/; Empowering Gusto's Product and Design Teams)in
PartnerLotti Siniscalco· led
Ironclad is an AI platform for digital contract management that helps companies execute faster deals, reduce contract surprises, and measure value.
AI & Machine LearningEnterprise SoftwareLegalTechSaaSSan Francisco, US
Jason Boehmig(Founder/CEO)inJason Springer(Chief Executive Officer)Jeremy Smith(President)Vedavati Verma(Chief Technology Officer)Jason Herman(Chief Product Officer)Steve Loughlin(Director)
PartnerLotti Siniscalco· led
Rows marked “SEC filing” are inferred from directors named on the company's SEC Form D — public regulatory data, not a portfolio list published by the firm.
Frequently asked questions
- What stage does Emergence Capital Partners invest at?
- Emergence Capital Partners invests at the Seed, Series A stages.
- What is Emergence Capital Partners's typical check size?
- Emergence Capital Partners typically writes checks of $500K – $10M.
- What sectors does Emergence Capital Partners focus on?
- Emergence Capital Partners focuses on AI & Machine Learning, Cloud Computing, Enterprise Software, SaaS.
- Where is Emergence Capital Partners located?
- Emergence Capital Partners is headquartered in San Francisco, US.
- Does Emergence Capital Partners lead rounds?
- Yes, Emergence Capital Partners leads investment rounds.
From the blog
visit blog ↗Emergence recently wrote about an AI-native estate settlement platform addressing the probate market, Together AI's infrastructure advances cutting costs for enterprise AI models, and research showing AI adoption is still primarily an investment story rather than delivering expected efficiency gains. AI summary
Images
Co-investors · 170
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New Enterprise Associates (NEA) is a venture capital firm that invests in and provides long-term support to founders building new companies.
Index Ventures is a venture capital firm that backs founders across the globe, investing in the people behind ideas from early through later stages.
▶158 more co-investors
Redpoint VenturesLong Journey VenturesFounder CollectiveUncork CapitalInsight PartnersNotable CapitalBenchmarkFelicis VenturesSV AngelFirst Round CapitalKleiner PerkinsFoundation CapitalCoatue ManagementSpark CapitalKrakenB Capital GroupSound VenturesIVP (Institutional Venture Partners)CRV (Charles River Ventures)DST GlobalGreat Oaks Venture CapitalCanaan PartnersBattery VenturesSOSVFirstMarkMayfield FundPartech VenturesRRE VenturesHardware ClubAME Cloud VenturesOak HC/FTC2 InvestmentsSciFi VCLux CapitalPrecursor VenturesMadrona Venture GroupCaffeinated CapitalScale Venture PartnersCanvas VenturesMeritech Capital PartnersBond Capital ManagementInovia CapitalUlu VenturesAcrew CapitalBullpen Capital8VCCrosslink CapitalTrinity VenturesRevolutionMaveronRibbit CapitalBase10 PartnersPear VCUS Venture PartnersHanabi CapitalIntel CapitalKortschak Investments L.P.Two Sigma VenturesThreshold VenturesEQT VenturesMatrixHomebrewGSV AccelerationSalesforce Japan Co.,Ltd.Shasta VenturesWinklevoss CapitalCostanoa VenturesAngelPadEclipse VenturesCowboy VenturesGeneral AtlanticCapitalGNotion CapitalTenaya CapitalRenegade PartnersDraper Fisher Jurvetson (DFJ)Pelion Venture PartnersDreamers VCMarch Capital PartnersAlleyCorpBallistic VenturesWildcat Venture PartnersTeamworthy VenturesBedrockHigh AlphaHyde Park Venture PartnersSerena VenturesUpside PartnershipValar VenturesAmerican Express Ventures (Amex)Highland Capital PartnersNyca PartnersStorm VenturesFifth Wall VenturesJackson Square VenturesOwl VenturesBlue Owl Capital9Yards CapitalBasis Set VenturesBloomberg BetaChicago VenturesEndeavor CatalystVoyager CapitalKaszek VenturesEnsemble VCRally Ventures Management, LlcG2 Venture PartnersNext Coast VenturesFlare Capital PartnersAngular VenturesAZ-VCConversion CapitalForum VenturesTen ElevenGlobal Innovation FundFrontier Venture CapitalBBG VenturesH.I.G. Growth PartnersTTV CapitalMiramar Venture PartnersSunshine LakeUnderscore VCIndicator VenturesSorenson VenturesDay One VenturesAllegisCyber CapitalToyota VenturesAdams Street PartnersDragoneer Investment GroupBioGeneration VenturesSlack FundConcrete Rose CapitalMoment Ventures, LlcArthur VenturesRethink Capital PartnersTheory Forge VenturesCore Innovation CapitalElsewhere PartnersGeneration Investment ManagementCloud Apps Capital PartnersFranklin TempletonKain CapitalConnect VenturesDorm RoomShine CapitalStarframeAvid VenturesSozo VenturesZeal Capital PartnersAcadian Ventures Management, LlcHummer Winblad Venture Partners (HWVP)GreenPoint PartnersBenchstrength PartnersOkapi Venture CapitalThoma BravoGTMfundBlitzscaling VenturesBenhamou Global Ventures
Firms observed investing alongside Emergence Capital Partners, from public investor directories.
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