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Investor profile

Emergence

Venture Capital · Founded 2003 · San Mateo, United States

Venture capital firm that invests in early and growth-stage enterprise cloud visionaries

120 portfolio companies Venture Capital · $7.4B invested · 222 investments · Investor rank #379 · Last investment 7/2026
Portfolio companies 120 ↑ 29% 5y
Decacorns 3
Thoroughbreds 16 ↑ 15% 5y
01 · Biggest holdings

Emergence’s biggest current holdings.

The most valuable companies Emergence still holds — unicorns and thoroughbreds it has backed, ordered by Dealroom’s latest valuation. Companies that have been acquired or gone public are in Exits instead. Where a cap table names Emergence directly, the stake and its estimated value are shown too.

#CompanyEst. stakeValuationEst. value
  1. 1 TogetherUnicorn · Enterprise Software · USA 5% $8.3B $165M
  2. 2 IroncladUnicorn · Legal · USA 8.5% $3.2B $272M
  3. 3 GensparkUnicorn · Enterprise Software · USA 6.5% $2.6B $104M
  4. 4 Project44Unicorn · Transportation · USA 11% $2.2B $242M
  5. 5 ClearcoUnicorn · Fintech · Canada $2.0B
  6. 6 ASAPPUnicorn · Enterprise Software · USA $1.6B
  7. 7 OysterUnicorn · Marketing · USA $1.2B
  8. 8 SendBirdUnicorn · Marketing · USA $1.1B
  9. 9 FenbeitongUnicorn · Fintech · China $1.0B
  10. 10 G2Unicorn · Marketing · USA 6% $1.0B $60M
  11. 11 GustoFintech · USA 4.5% $9K $0K

Estimated value = Emergence’s disclosed ownership % × Dealroom’s latest company valuation; direct named stakes only, exited positions excluded. Figures are indicative, not reported marks. Emergence also appears inside investor groups in Clearco, where a standalone stake isn’t disclosed. See the underlying cap tables on Dealroom →

02 · Exits

Emergence’s biggest exits.

Portfolio companies that IPO’d or were acquired at $1B+, with the valuation recorded at exit and — for those still public — their value today. Exit events come from each company’s funding-round history; entry stage from Emergence’s transaction record.

$1.1B IPO · 2004
Now $188BMarketing
$2.4B IPO · 2013
Entered SeedNow $30BHealth
$9.2B IPO · 2019
Entered Series B+Now $23BMedia
$9.5B IPO · 2021
Entered Series ANow $4.2BJobs Recruitment
$1.6B IPO · 2019
Entered Series B+Now $4.5BFintech
$4.0B IPO · 2021
Entered Series B+Now $343MFintech
$497M IPO · 2007
Entered Series B+Now $3.4BJobs Recruitment
$1.2B acquisition · 2012
Entered Series B+Enterprise Software
$1.0B acquisition · 2016
Entered Series AEnterprise Software
03 · Portfolio analysis

Where Emergence’s portfolio is concentrated.

Distribution of portfolio companies by headquarters country, sector, entry stage and current growth stage. Across all 120 portfolio companies. "Stage entered" is the first priced round the investor joined, derived from the investor’s transaction history.

By countryCount
  1. USA117
  2. Canada5
  3. Argentina2
  4. China1
  5. Denmark1
  6. France1
  7. Italy1
  8. UK1
By sectorCount
  1. Enterprise Software59
  2. Marketing24
  3. Fintech21
  4. Health9
  5. Jobs Recruitment9
  6. Telecom9
  7. Media8
  8. Education6
  9. Security6
  10. Legal5
  11. Food3
  12. Transportation3
By stage enteredCount
  1. Series A62
  2. Series B+44
  3. Seed18
By growth stageCount
  1. Breakout Stage67
  2. Late Growth40
  3. Early Growth21
  4. Mature1
04 · Portfolio market map

Inside Emergence’s portfolio.

The 60 highest-funded portfolio companies, of 120 tracked.

Together
Enterprise Software · Unicorn
$8.3B
Project44
Transportation · Unicorn
$2.2B
Gusto
Fintech
$9K
Blend
Fintech
$343M
Genspark
Enterprise Software · Unicorn
$2.6B
Clearco
Fintech · Unicorn
$2.0B
ASAPP
Enterprise Software · Unicorn
$1.6B
BILL
Fintech · Unicorn
$4.5B
Ironclad
Legal · Unicorn
$3.2B
Oyster
Marketing · Unicorn
$1.2B
ServiceMax
Enterprise Software · Unicorn
$1.5B
Fenbeitong
Fintech · Unicorn
$1.0B
SendBird
Marketing · Unicorn
$1.1B
Welltok
Health
$111M
G2
Marketing · Unicorn
$1.0B
SalesLoft
Marketing · Unicorn
$2.3B
Top Hat
Education
$370M
Lithium Technologies
Media
$200M
Federato
Fintech
$400M
Class Technologies
Telecom
$804M
DroneDeploy
Food
$845M
Identity Digital
Hosting
$216M
Zoom
Media · Decacorn
$23B
BetterWorks
Jobs Recruitment
$244M
Impartner Software
Marketing
$140M
Yammer
Enterprise Software · Unicorn
$1.2B
GroundTruth
Media
$72M
Intacct
Fintech
$850M
Bolt | Stackblitz
Enterprise Software
$420M
Mezmo (formerly Logdna)
Enterprise Software
$200M
Augmedix
Health
$116M
Crunchbase
Enterprise Software
$200M
Bland AI
Telecom
$200M
Chorus.ai
Enterprise Software
$575M
Hightail
Marketing
$136M
Civitas Learning
Education
$240M
Drivewyze
Transportation
$30M
Regal.io
Media
$350M
Doximity
Jobs Recruitment · Unicorn
$4.2B
Mechanical Orchard
Security
$200M
Visage Mobile
Fintech
$32M
Janrain
Security
$108M
Coalesce
Enterprise Software
$200M
SteelBrick
Fintech
$192M
InsideView
Marketing
Total Expert
Fintech
$208M
Airkit
Marketing
$250M
Assembled
Marketing
$204M
Guru
Telecom
$120M
GroceryWorks
Food
$80M
Unify
Marketing
$160M
Salesforce
Marketing · Centicorn
$188B
Openpath
Security
$144M
Hi Marley
Fintech
$100M
Lotame
Enterprise Software
$43M
Method Financial
Fintech
$166M
Convex
Enterprise Software
$156M
Twic
Health
Maze Design
Marketing
$160M
ThreeFlow
Enterprise Software
$180M
05 · Portfolio founders

Where Emergence’s portfolio founders come from.

147 founders across the 100 highest-funded portfolio companies — by current location, university attended, and the companies they worked at before founding. Sourced from the founder records the API links to each portfolio company.

LocationCount
  1. United States111
  2. Canada6
  3. Argentina4
  4. China4
  5. United Kingdom4
  6. India2
  7. Bangladesh1
  8. France1
  9. Germany1
  10. Ireland1
UniversityCount
  1. Stanford University15
  2. Massachusetts Institute of Technology10
  3. Stanford University Graduate School of Business8
  4. University of California, Berkeley6
  5. Harvard University4
  6. Rhodes University4
  7. University of Wisconsin-Madison4
  8. Dartmouth College3
  9. Tufts University3
  10. University of California, Los Angeles3
Previous companyCount
  1. Alphabet | Google9
  2. Microsoft7
  3. IBM5
  4. McKinsey & Company5
  5. Oracle5
  6. Stanford University5
  7. Sunopsis4
  8. Tangosol4
  9. Aon3
  10. BigMachines3