Emergence Capital

SAN FRANCISCO, CA

Emergence Capital has raised over $1.7B across 9 funds since 2008. Founded in 2003 and based in San Mateo, Emergence is one of the earliest and most specialized enterprise SaaS investors. The firm backed Salesforce, Zoom, Box, Veeva Systems, and Yammer before the SaaS model was widely understood, and is credited with helping coin the term "cloud computing."

Funds Raised

Total $ Raised

$1.7B

Est. Dry Powder

$3M

4yr linear

Last Fund

2026-01-22

Estimated dry powder over time

Linear 4-year deployment model per fund

All funds (9)

Fund	Raise Date	Filed	Raised	Est. Dry Powder	SEC
Emergence Capital Partners VII, L.P.	Currently Raising	2024-10-16	—	Deployed	↗
Emergence Capital Partners III, L.P.	Currently Raising	2011-07-26	—	Deployed	↗
Emergence Dec 25 a Series of LEYDEN OPPORTUNITIES FUND LLC	2026-01-22	2026-01-23	$2M	$2M	↗
Emergence Capital Mercor a Series of ECS LLC	2025-02-03	2025-02-12	$2M	$1M	↗
Emergence Capital Partners VI, L.P.	2021-04-28	2021-05-05	$576M	Deployed	↗
Emergence Capital Opportunity I, L.P.	2021-04-28	2021-05-05	$376M	Deployed	↗
Emergence Capital Partners V, L.P.	2018-05-18	2018-05-22	$435M	Deployed	↗
Emergence Capital Partners III Opportunity, L.P.	2016-12-12	2016-12-16	$11M	Deployed	↗
EMERGENCE CAPITAL PARTNERS IV, L.P.	2015-01-30	2015-02-11	$335M	Deployed	↗