# Emergence: portfolio, investments and team

> Emergence is a vc firm based in United States. 125 investments on record, 1 in the last 12 months, latest Jan 2026. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/emergence-capital-partners (Millionrounds; every figure on the page links to its filing or article)

United States · [Investor](https://millionrounds.com/investors)

# Emergence

Last cheque observed Jan 2026; 125 cheques on record.

Email

Deploying now VC firm

Seed Series A Series B Middleware SaaS Recurring

Follow Emergence and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Femergence-capital-partners)

Deploying now

**100%** of best year **1** **cheques in 12 months**, 125 on record

Since the last cheque **276** days **00** hrs **00** min **00** sec

Median round **$55M** Rounds led **1 of 125** Sole investor **20 rounds** Exits **9 from the portfolio** Mostly in **United States, 89%**

Pitch Emergence

## Emergence highlights

- 01 1 cheques in the last 12 months
- 02 Mostly Series B and Series A: 54% of its rounds
- 03 Sole investor in 20 rounds, median $6.0M
- 04 9 exits from the portfolio

## What they do

> Emergence Capital is the leading venture capital firm focused on early-stage B2B software. From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** Not stated
- **Stages:** Seed Series A Series B Growth Pre-IPO
- **Sectors:** Middleware SaaS Recurring
- **Based in:** San Francisco, United States
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **125 appearances**

- **2026** 1 round
- **Jan** **[Genspark](https://millionrounds.com/company/genspark)** Series B · US · Ventureburn **$300M** With 4 others
- **2016** 3 rounds
- **Dec** **[DroneDeploy](https://millionrounds.com/company/dronedeploy)** **$20M** With 9 others
- **Nov** **[Gusto](https://millionrounds.com/company/gusto)** **$90M** With 103 others
- **Jan** **[BetterWorks](https://millionrounds.com/company/betterworks)** **$20M** *Led*
- **2015** 12 rounds
- **Oct** **[SteelBrick](https://millionrounds.com/company/steelbrick)** Series C · US **$48M** With 3 others
- **Sept** **[Civitas Learning](https://millionrounds.com/company/civitas-learning)** Series D · US **$60M** With 6 others
- **Sept** **[CrunchBase](https://millionrounds.com/company/crunchbase)** Series A · US **$7.0M** Sole investor
- **Aug** **[ServiceMax](https://millionrounds.com/company/servicemax)** Series F · US **$82M** With 12 others
- **Jun** **[High Alpha](https://millionrounds.com/company/high-alpha)** Venture · US **$35M** With 2 others
- **Apr** **[Gusto](https://millionrounds.com/company/gusto)** Series B · US **$60M** With 6 others
- **Apr** **[SalesLoft](https://millionrounds.com/company/salesloft)** Series A · US **$10M** With 2 others
- **Mar** **[DroneDeploy](https://millionrounds.com/company/dronedeploy)** Series A · US **$9.0M** With 3 others
- **Feb** **[SteelBrick](https://millionrounds.com/company/steelbrick)** Series B · US **$18M** With 2 others
- **Feb** **[Zoom](https://millionrounds.com/company/zoom)** Series C · US **$30M** With 5 others
- **Jan** **[Augmedix](https://millionrounds.com/company/augmedix)** Series A · US **$16M** With 7 others
- **Jan** **[Welltok](https://millionrounds.com/company/welltok)** Series D · US **$37M** With 6 others
- **2014** 20 rounds
- **Oct** **[Civitas Learning](https://millionrounds.com/company/civitas-learning)** Series C · US **$16M** With 3 others
- **Oct** **[Navera](https://millionrounds.com/company/navera)** Series B · US **$8.0M** With 4 others
- **Oct** **[Eversight](https://millionrounds.com/company/eversight)** Series A · US **$9.7M** Sole investor
- **Sept** **[Navera](https://millionrounds.com/company/navera)** Series A · US **Undisclosed** Sole investor
- **Sept** **[xAd](https://millionrounds.com/company/xad)** Series D · US **$50M** With 3 others
- **Jul** **[Quasar Builders](https://millionrounds.com/company/quasar-builders)** Series A · AR **$5.4M** Sole investor
- **Jul** **[Xapo](https://millionrounds.com/company/xapo)** Series A · US **$40M** With 9 others
- **Jul** **[Drivewyze](https://millionrounds.com/company/drivewyze)** Series A · CA **Undisclosed** Sole investor
- **Jun** **[Augmedix](https://millionrounds.com/company/augmedix)** Seed · US **$7.3M** With 9 others
- **Jun** **[VigLink](https://millionrounds.com/company/viglink)** Series C · US **$18M** With 5 others
- **May** **[SteelBrick](https://millionrounds.com/company/steelbrick)** Series A · US **$6.5M** Sole investor
- **May** **[Top Hat](https://millionrounds.com/company/top-hat)** Series B · CA **$11M** With 6 others
- **Apr** **[Doximity](https://millionrounds.com/company/doximity)** Series C · US **$54M** With 3 others
- **Mar** **[Handshake](https://millionrounds.com/company/handshake)** Series A · US **$8.0M** With 1 other
- **Mar** **[Lotame](https://millionrounds.com/company/lotame)** Series D · US **$15M** With 3 others
- **Mar** **[ServiceMax](https://millionrounds.com/company/servicemax)** Series E · US **$71M** With 10 others
- **Feb** **[Intacct](https://millionrounds.com/company/intacct)** Series G · US **$30M** With 5 others
- **Feb** **[Welltok](https://millionrounds.com/company/welltok)** Series C · US **$22M** With 6 others
- **Jan** **[Handshake](https://millionrounds.com/company/handshake)** Series A · US **Undisclosed** Sole investor
- **Jan** **[Precipio](https://millionrounds.com/company/precipio)** Venture · US **$9.7M** Sole investor
- **2013** 13 rounds
- **Nov** **[Hightail](https://millionrounds.com/company/hightail)** Series E · US · techcrunch.com **$34M** With 6 others
- **Nov** **[Bill.com](https://millionrounds.com/company/bill-com)** Series E · US · techcrunch.com **$38M** With 13 others
- **Sept** **[Insightly](https://millionrounds.com/company/insightly)** Series B · US · insightly.com **$10M** With 4 others
- **Aug** **[Drivewyze](https://millionrounds.com/company/drivewyze)** Series A · CA · techcrunch.com **$7.5M** With 1 other

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **9 named**

BD **Brian David Jacobs** Retired Partner i Form ADV

DA **David Andrew Singer** CFO i Form ADV

GP **Gordon Phillips Ritter** President & General Partner i Form ADV

JH **Jacob Harrison Saper** General Partner i Form ADV

JE **Jason Eric Green** Retired Partner i Form ADV

JA **Joseph Adair Floyd** General Partner i Form ADV

JD **Julie Diane Bell** COO i Form ADV

KM **Kevin Marshall Spain** Secretary & General Partner i Form ADV

SF **Santiago Federico Subotovsky** Treasurer & General Partner i Form ADV

We also hold **30** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$3.8B** gross assets of its funds Oct 2026

**2+** funds on file numbered funds in its name

**Exempt** reporting adviser venture or small private funds

- **Legal name:** Emergence Equity Management, INC
- **SEC number:** CRD 161547

## What they claim to have backed

From their own portfolio page (on their website)

**0** of 1 we have independently watched raise

Talent

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

## Exits from the portfolio

Companies it backed that were later bought or listed **9 in all**

**[KidZui](https://millionrounds.com/company/kidzui)** Bought by LeapFrog **Undisclosed** Aug 2014

**[PivotLink](https://millionrounds.com/company/pivotlink)** Bought by SmartFocus **Undisclosed** May 2014

**[SmartTurn](https://millionrounds.com/company/smartturn)** Bought by DiCentral **Undisclosed** Apr 2014

**[Veeva](https://millionrounds.com/company/veeva)** Listed **$260M** Oct 2013

**[Yammer](https://millionrounds.com/company/yammer)** Bought by [Microsoft](https://millionrounds.com/fund/microsoft) **$1.2B** Jun 2012

**[eSign Services](https://millionrounds.com/company/esign-services)** Bought by [Adobe Systems](https://millionrounds.com/fund/adobe-systems) **Undisclosed** Jul 2011

**[Ketera](https://millionrounds.com/company/ketera)** Bought by Deem **Undisclosed** Dec 2010

**[Krugle](https://millionrounds.com/company/krugle)** Bought by Aragon Consulting Group **Undisclosed** Feb 2009

**[Adapt Technologies](https://millionrounds.com/company/adapt-technologies)** Bought by WebVisible **Undisclosed** Nov 2008

An exit counts when it came after the firm's first round in the company. From historical deal records.

## The cheque

Seed Series A Series B

Median round joined **$55M** the round, not its cheque Alone, median **$6.0M**

Led 1 of 125 rounds **1%**

- **Sole investor:** 20 rounds
- **Last cheque:** Jan 2026
- **Exits:** 9 from the portfolio

Rounds by stage said on their site

- Series B said *33*
- Series A said *30*
- Series C *22*
- Series D *13*
- Venture *12*
- Series E *6*
- Seed said *-*

Cheques by month Led Joined

Dec 2023 Nov 2026

Often in the room with

- [DCM Ventures](https://millionrounds.com/fund/dcm-ventures) 11
- [Salesforce Ventures](https://millionrounds.com/fund/salesforce-ventures) 9
- [Shasta Ventures](https://millionrounds.com/fund/shasta-ventures) 7
- [Sigma Partners](https://millionrounds.com/fund/sigma-partners) 7
- [Adams Street Partners](https://millionrounds.com/fund/adams-street-partners) 6
- [Bessemer Venture Partners](https://millionrounds.com/fund/bessemer-venture-partners) 6

**Pitching Emergence?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

Add to your CRM *→*

## Who they invest alongside

The investors most often in the same rounds as Emergence. A count of rooms they were both in, not a relationship either has claimed.

[**DCM Ventures** Private equity **11** rounds together](https://millionrounds.com/fund/dcm-ventures)[**Salesforce Ventures** Corporate VC **9** rounds together](https://millionrounds.com/fund/salesforce-ventures)[**Shasta Ventures** VC firm **7** rounds together](https://millionrounds.com/fund/shasta-ventures)[**Sigma Partners** VC firm **7** rounds together](https://millionrounds.com/fund/sigma-partners)[**Adams Street Partners** VC firm **6** rounds together](https://millionrounds.com/fund/adams-street-partners)[**Bessemer Venture Partners** VC firm **6** rounds together](https://millionrounds.com/fund/bessemer-venture-partners)[**First Round Capital** VC firm **6** rounds together](https://millionrounds.com/fund/first-round-capital)[**Kleiner Perkins Caufield & Byers** VC firm **6** rounds together](https://millionrounds.com/fund/kleiner-perkins-caufield-and-byers)[**InterWest Partners** VC firm **5** rounds together](https://millionrounds.com/fund/interwest-partners)[**Meritech Capital Partners** VC firm **5** rounds together](https://millionrounds.com/fund/meritech-capital-partners)[**Mohr Davidow Ventures** VC firm **5** rounds together](https://millionrounds.com/fund/mohr-davidow-ventures)[**Split Rock Partners** VC firm **5** rounds together](https://millionrounds.com/fund/split-rock-partners)

## Recently backed

The latest companies Emergence put money into.

[**Genspark** $300M · Jan 2026](https://millionrounds.com/company/genspark)[**DroneDeploy** $20M · Dec 2016](https://millionrounds.com/company/dronedeploy)[**Gusto** $90M · Nov 2016](https://millionrounds.com/company/gusto)[**BetterWorks** $20M · Jan 2016](https://millionrounds.com/company/betterworks)

## Quick answers about Emergence

### What does Emergence invest in?

Emergence invests most often at Series B and Series A (54% of the rounds on record), in sectors such as Middleware, SaaS and Recurring.

### How active is Emergence?

125 investments on record, 1 of them in the last 12 months, and it led 1. The most recent was in Jan 2026.

### What has Emergence invested in recently?

Its most recent investments on record: Genspark (Series B, Jan 2026), DroneDeploy (Dec 2016) and Gusto (Nov 2016).

### How big are Emergence's cheques?

The median round it joins is $55M.

### Does Emergence lead rounds?

Sometimes: it led 1 of its 125 investments on record (1%).

### Where does Emergence invest?

Most of the companies it backs are in the United States (89%) and Canada (8%).

### Is Emergence investing now?

Yes: it is actively investing, with 1 investments in the last 12 months.

### Who does Emergence invest alongside?

Most often DCM Ventures (11 rounds together), Salesforce Ventures (9 rounds together) and Shasta Ventures (7 rounds together).

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