Emergence Capital
Emergence Capital is a US venture capital firm founded in 2003 by Gordon Ritter, Jason Green and Brian Jacobs. It focuses on early-stage enterprise software and cloud services, with investments including SalesforceSalesforceSalesforce is a U.S. enterprise software company headquartered in San Francisco, providing cloud applications, data platforms and AI agent tools centered on customer relationship management (CRM).Open the full entry, Veeva, Zoom and Crunchbase, and has expanded its focus to AI software and services.
Contents12 sections
Key facts
2003Founding and Investment in Salesforce
2008Investing in Veeva
February 29, 2012Announcing a $250 Million Third Fund
The firm announced its $250 million third fund and explained its approach to fund size: limiting the number of portfolio companies so that partners could provide sustained, concentrated support. The announcement also recalled the firm’s early decision to establish its office in San Mateo.[1]
2015Beginning Partnerships with Crunchbase and Zoom
Emergence dates the start of its partnerships with Crunchbase and Zoom to 2015, identifying Santi SubotovskySanti SubotovskySanti Subotovsky is an Argentina-born entrepreneur and venture investor, a General Partner at Emergence Capital and a Zoom director. He founded AXG Tecnonexo, joined Emergence in 2010, led its investment in Zoom and has worked with Crunchbase and other enterprise software companies.Open the full entry as the investor for both companies. CrunchbaseCrunchbaseCrunchbase is a private-company data and intelligence platform headquartered in San Francisco. It launched in 2007 as TechCrunch’s startup database, and its own company profile lists Michael Arrington as founder. It passed to AOL with TechCrunch in 2010 and was spun out of AOL/Verizon in 2015 with backing from Emergence Capital, with Jager McConnell as CEO; it has since raised more than $100 million and launched Pro, Enterprise, API and Crunchbase News products. Since 2025 it has focused on using AI to forecast private companies’ funding, growth and exits, delivering its data through MCP, APIs and third-party AI platforms.Open the full entry developed from a TechCrunchTechCrunchTechCrunch is an American technology news outlet founded in 2005 by Michael Arrington and Keith Teare and headquartered in San Francisco; it mainly covers technology companies, startups, and venture capital, and hosts events such as TechCrunch Disrupt. Its ownership passed successively through AOL, Verizon, and Yahoo, and in 2025 Regent announced its acquisition.Open the full entry project into a company and investment-data provider, while Zoom supplied video communications services.[6][7]
May 21, 2018Announcing a $435 Million Fifth Fund
Emergence announced its $435 million fifth fund for early-stage enterprise software. It highlighted industry cloud, software for deskless workers and Coaching Networks that use machine learning to help employees improve their work. The announcement also recalled the $335 million fund raised three years earlier.[5]
May 5, 2021Sixth Fund and First Opportunity Fund
The firm announced the $575 million Emergence Capital Partners VI and the $375 million Emergence Capital Opportunity I. The former targeted early-stage investments; the latter was intended primarily for follow-on investments in existing portfolio companies. Co-founder Jason Green would not invest from the new funds but would continue supporting the existing portfolio.[8]
March 25, 2025Announcing a $1 Billion Seventh Fund
Emergence announced a $1 billion seventh fund against the backdrop of enterprise software’s shift toward AI. The firm said it would retain a concentrated investment approach and hands-on founder support, with partners making relatively few new investments each year.[9]
October 26, 2026Co-leading Bedrock Robotics’ Series C
Emergence and CapitalG co-led Bedrock Robotics’ $600 million Series C to support its autonomy platform for heavy construction equipment. Emergence stated that it had first invested in the company in 2025 and was adding to that investment.[10]
November 2, 2026Ritter Proposes a Framework for the Intelligence Economy
Writing on the firm’s website, Ritter discussed control over AI systems and the information accumulated through their use. He proposed a framework spanning platform choice, organizational sovereignty and individual development, including portable personal cognitive records that could carry accumulated context between systems.[11]
Topic: Investment Focus and AI-Native Services
Emergence focuses on enterprise software. Its AI-Native Services guide examines companies that use AI systems to perform work and deliver service outcomes, rather than simply selling software tools. Covering seed through Series B, the guide discusses domain expertise, productizing services, pricing and delivery quality.[12]
Topic: Team and Current Office
As of November 2026, the firm lists Gordon Ritter, Kevin Spain, Santi Subotovsky, Joe Floyd, Jake Saper and Lotti Siniscalco as General Partners. Jason Green and Brian Jacobs are listed as Founders and General Partners Emeritus. Its current website gives an office address at Pier 5 in San Francisco, California.[2][3]
Sources
- Why We (Only) Raised a $250 Million Fund (opens in a new window)
- Team | Emergence Capital (opens in a new window)
- Emergence | Bend the Odds from Emerging to Iconic (opens in a new window)
- Gordon Ritter | Emergence Capital (opens in a new window)
- Emergence Capital Announces Fund V: Dedicated to Changing the Way the World Works (opens in a new window)
- Crunchbase (opens in a new window)
- Zoom (opens in a new window)
- Emergence announces Emergence Capital Partners VI, a $575 million early-stage fund, and Emergence Capital Opportunity I, a $375 million opportunity fund, to invest in people who change the way the world works (opens in a new window)
- Announcing Emergence VII: A $1 Billion Commitment to Building Iconic B2B Companies (opens in a new window)
- Built on Bedrock: Doubling Down on the Autonomy Platform for Heavy Construction (opens in a new window)
- Who Owns the Intelligence Economy? (opens in a new window)
- AI-Native Services: The Definitive Guide (opens in a new window)