# Emergence Capital

> Emergence Capital is a San Francisco venture firm built around a narrow proposition: make only a few early-stage B2B software investments, then give each founder unusually concentrated attention. Founded in 2003 as a specialist in cloud software, it backed Salesforce, Veeva and Zoom early and now applies the same thesis-driven approach to enterprise AI, AI-native services and infrastructure. Its $1 billion Fund VII, announced in March 2025, finances that next chapter.

- **Founded:** 2003
- **Headquarters:** San Francisco, United States
- **Founders:** Jason Green (Co-founder), Brian Jacobs (Co-founder), Gordon Ritter (Co-founder and General Partner)
- **Team size:** Approximately 50 employees; LinkedIn lists 11-50.
- **Products:** Early-stage venture investing, Emergence VII, Company-building support, Research and founder playbooks
- **Notable:** Backed Salesforce near the firm's founding and later made early investments in Veeva, Zoom, Box, Bill.com, Doximity, Yammer, SuccessFactors and ServiceMax., Emergence reports more than $8 billion in realized returns on less than $2 billion invested., The firm reports that more than nine in ten early-stage investments raised successful follow-on rounds.

## Products & services

- **Early-stage venture investing** — Concentrated investments in B2B software companies, commonly beginning at the seed or early growth stage, with only five to seven new investments across the firm each year.
- **Emergence VII** — $1 billion in commitments for the next generation of B2B companies, with emphasis on AI's transformation of work.
- **Company-building support** — Board-level guidance, product and go-to-market work, executive recruiting, customer introductions and follow-on fundraising support.
- **Research and founder playbooks** — Public thesis work on enterprise AI, vertical SaaS, AI-native services, deskless work, benchmarks and infrastructure.

## Achievements

- Backed Salesforce near the firm's founding and later made early investments in Veeva, Zoom, Box, Bill.com, Doximity, Yammer, SuccessFactors and ServiceMax.
- Emergence reports more than $8 billion in realized returns on less than $2 billion invested.
- The firm reports that more than nine in ten early-stage investments raised successful follow-on rounds.
- The firm reports that more than one in five early-stage investments surpassed a $1 billion valuation.
- The firm reports that more than one in ten early-stage investments went public.
- Raised $1 billion for Emergence VII in March 2025.
- Built a specialist franchise around SaaS before cloud software became an established venture category.

## Latest updates

- **2026-08** — Published 'The Small-Team Advantage,' arguing that AI-native companies must redesign organizational systems rather than merely accelerate individual tasks.
- **2026-07** — Signed an industry-wide letter supporting open-weight AI models and published its case for enterprise autonomy.
- **2026-07** — Portfolio company Together AI announced an $800 million Series C; Emergence highlighted $1.15 billion in annual bookings.
- **2026-07** — Led a $5 million seed investment in EverSettled, an AI-native estate-settlement company.
- **2026-06** — Published new thesis work on long-horizon inference, AI-native services, voice AI and enterprise benchmarks.
- **2025-03** — Announced Emergence VII, a $1 billion commitment to the next generation of B2B companies.

## Links

- Website: https://www.emcap.com
- LinkedIn: https://www.linkedin.com/company/emergence-capital-partners
- Twitter/X: https://x.com/emergencecap
- Facebook: https://www.facebook.com/emergencecapitalpartners/

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Profile page: https://yespress.io/emergence-capital
Published by YesPress — https://yespress.io
Last updated: 2026-08-15