# Kevin Spain

> Kevin Spain is a General Partner at Emergence Capital, one of Silicon Valley's leading early-stage enterprise technology venture firms. A native Texan who cut his teeth founding atMadison.com after winning the inaugural Wharton Business Plan Competition, Spain brings an operator's instincts to his investing — shaped by stints at Electronic Arts (where he helped launch the online gaming division) and Microsoft's Corporate Development group. At Emergence, he has led landmark investments including Doximity (NYSE: DOCS, ~$10B market cap), Blend (NYSE: BLND), and Augmedix (NASDAQ: AUGX), and sits on the Doximity board. More recently he has focused on physical robotics, AI-native services, and healthcare GenAI, with positions in Physical Intelligence and Bedrock Robotics.

- **Role:** General Partner at Emergence Capital
- **Organizations:** Emergence Capital, Doximity (board member), Kauffman Fellows (Class 11)
- **From:** Texas, United States
- **Nationality:** American
- **Education:** MBA, The Wharton School, University of Pennsylvania, BBA in Finance, University of Texas at Austin
- **Known for:** General Partner at Emergence Capital, one of the best-performing enterprise VC firms in Silicon Valley history, Led investment in Doximity, guiding it from early stage to a publicly traded company with ~$10B market cap; remains on the board, Led investments in Blend (NYSE: BLND) and Augmedix (NASDAQ: AUGX)

## Career timeline

- **Late 1990s** — Co-founded and served as CEO of atMadison.com, a hosted marketing management platform for SMBs, launched after winning the inaugural Wharton Business Plan Competition
- **Early 2000s** — Joined Electronic Arts; helped launch EA's online gaming division, growing it into one of the world's most popular gaming platforms; later managed EA's corporate development and strategic investments
- **Mid 2000s** — Joined Microsoft's Corporate Development group as a senior member, responsible for sourcing, structuring, and negotiating acquisitions, strategic investments, and joint ventures across all divisions
- **2006** — Joined Emergence Capital Partners as an investor; completed Kauffman Fellowship under mentor Brian Jacobs
- **2011** — Promoted to General Partner at Emergence Capital
- **2018** — Emergence Capital raised $435M fund; Spain named among firm's promoted leadership
- **2021** — Doximity IPO (NYSE: DOCS); Spain's board seat investment realized significant returns at ~$10B market cap
- **2021** — Blend IPO (NYSE: BLND)
- **2021** — Augmedix IPO (NASDAQ: AUGX)
- **2021** — Emergence Capital raised $575M Fund VI plus $375M Opportunity Fund I
- **2023** — Emergence Capital raised Fund VII ($1B+)
- **2025** — Led Emergence Capital's investment in Physical Intelligence (Series B, $600M round), focusing on generalizable robotics foundation models
- **2025** — Welcomed Method Financial to the Emergence Capital portfolio
- **2026** — Investment in Bedrock Robotics (Series B, $270M round)

## Achievements

- General Partner at Emergence Capital, one of the best-performing enterprise VC firms in Silicon Valley history
- Led investment in Doximity, guiding it from early stage to a publicly traded company with ~$10B market cap; remains on the board
- Led investments in Blend (NYSE: BLND) and Augmedix (NASDAQ: AUGX)
- Kauffman Fellow (Class 11) - mentored by Brian Jacobs; later mentored Joe Floyd (Class 18)
- Won the inaugural Wharton Business Plan Competition; co-founded atMadison.com
- Helped launch Electronic Arts' online gaming division, which grew to operate several of the world's most popular gaming platforms
- Part of Emergence Capital team that achieved over $8B in realized returns from less than $2B invested
- Led investment in Physical Intelligence (robotics AI, $600M Series B, 2025)

## Latest updates

- **2026-02** — Emergence Capital investment in Bedrock Robotics, Series B ($270M round)
- **2025-11** — Led Emergence Capital's investment in Physical Intelligence, a robotics foundation model company ($600M Series B)
- **2025-01** — Welcomed Method Financial to the Emergence Capital portfolio
- **2025-03** — Emergence Capital last raised with Fund VII (total funding ~$2.7B per data)

## Links

- Website: https://emcap.com/people/kevin-spain
- LinkedIn: https://www.linkedin.com/in/kevinspain
- Twitter/X: https://x.com/kevinspain
- Facebook: http://facebook.com/emergencecapitalpartners/

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Profile page: https://yespress.io/kevin-spain
Published by YesPress — https://yespress.io
Last updated: 2026-05-18