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Investor profile

Emergence

Venture capital firm · Founded 2003 · Active in 2026

Emergence is a venture capital firm based in USA, founded in 2003. The page below shows 24 Power Law outcomes from Emergence's portfolio — 20 unicorns ($1B+ valuation) and 0 additional thoroughbreds (companies that crossed $100M+ in revenue without yet reaching $1B+ valuation).

Outcomes are concentrated in Marketing · Fintech · Other B2B Software; top portfolio geographies are USA · Canada · China. Emergence ranks #334 in Global in the 2026 Dealroom Power Law Investor Ranking by cross-stage outcomes.

24 Power Law outcomes Power Law Ranking #334 · Global · 24 Power Law outcomes · Active 2026
Unicorns ↑ 33% 5y
20
Decacorns ↓ 50% 5y
2
Thoroughbreds ↑ 44% 5y
15
01 · Exits

Sequoia’s biggest exits.

Sequoia portfolio companies worth $1B+ that have IPO’d or been acquired. Each shows its valuation at exit and, in grey, its current value if still public.

IPO · 1999
Entered SeedNow $5.2T
IPO · 2004
Entered Series ANow $4.6T
IPO · 1980
Now $4.5T
IPO · 2014
Entered Series B+Now $306B
$214B IPO · 2021
Entered Series B+Now $20.1B
IPO · 2012
Entered Series ANow $207B
$82.0B IPO · 2019
Now $153B
IPO · 2012
Entered Series B+Now $103B
$95.0B IPO · 2020
Entered SeedNow $69.1B
$93.9B IPO · 2020
Entered Series B+Now $58.4B
$24.0B IPO · 2018
Entered Series B+Now $73.3B
$39.0B IPO · 2020
Entered Series ANow $67.6B
$32.0B IPO · 2021
Entered Series B+Now $67.5B
$41.5B IPO · 2021
Entered SeedNow $64.4B
$60.0B IPO · 2021
Entered Series B+Now $28.0B
$55.5B IPO · 2026
Entered Series B+Now $55.5B
$52.8B IPO · 2018
Entered Series ANow $49.6B
IPO · 2013
Now $45.0B
IPO · 2015
Entered Series B+Now $39.4B
IPO · 2002
Entered SeedNow $39.1B
$32.0B acquisition · 2025
Entered Seed
$12.0B IPO · 2021
Entered Series B+Now $29.5B
IPO · 2014
Entered Series B+Now $28.6B
IPO · 2015
Entered Series ANow $28.2B
03 · Portfolio analysis

The 24 Emergence Power Law outcomes ($100M+ revenue or $1B+ valuation).

Snapshot of where the outcomes are concentrated by country, sector, and stage entered.

By countryCount
  1. USA22
  2. Canada1
  3. China1
By sectorCount
  1. Marketing5
  2. Fintech5
  3. Other B2B Software5
  4. AI4
  5. Transportation1
  6. Space1
  7. eCommerce & Marketplaces1
  8. Biotech & Life Sciences1
  9. Robotics1
By stage enteredCount
  1. Series B+12
  2. Series A7
  3. Seed1
Estimated holdings

Emergence’s biggest current holdings.

An estimate of Emergence’s largest live positions — disclosed shareholding × Dealroom’s latest valuation — across 6 companies where Emergence is a named shareholder, worth about $843M in estimated equity value.

#CompanyEst. stakeValuationEst. value
  1. 1 IroncladLegal · Unicorn 8.5% $3.2B $272M
  2. 2 Project44Transportation · Unicorn 11% $2.2B $242M
  3. 3 TogetherEnterprise Software · Unicorn 5% $3.3B $165M
  4. 4 GensparkEnterprise Software · Unicorn 6.5% $1.6B $104M
  5. 5 G2Enterprise Software · Unicorn 6% $1.0B $60M
  6. 6 GustoJobs Recruitment · Unicorn 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 →

Emergence’s biggest exits.

Emergence portfolio companies worth $1B+ that have IPO’d or been acquired. Each shows its valuation at exit and, in grey, its current value if still public.

IPO · 2004
Now $155B
$9.2B IPO · 2019
Entered Series B+Now $23.5B
IPO · 2013
Entered SeedNow $19.7B
$10.0B IPO · 2021
Entered Series ANow $2.9B
$7.2B IPO · 2026
Now $7.2B
$4.0B IPO · 2021
Entered Series B+Now $298M
$1.6B IPO · 2019
Entered Series B+Now $3.3B
$2.3B buyout · 2021
Entered Series A
$1.0B acquisition · 2016
Entered Series A
04 · Portfolio market map

Emergence's 24 Power Law outcomes.

Stage entered
Outcome tier
Region
Group by
24 of 24 Power Law outcomes
05 · Power Law comparison

How does Emergence stack up?

Emergence in orange, your selection in blue and other colours. Pick from the global roster of 609 peer investors — scope by startup location or hit "Find similar shapes" to auto-pick the three closest. The funnel matrix mirrors the spider chart on the ranking page; the line chart shows each firm's share of unicorns minted in the selected startup location — peaks reveal vintage years.

Compare against

Share of new unicorns per year

% of global unicorns minted that year, year by year · hover the chart to see which unicorns
Performance window All-time → 2026

Stage focus

Companies by selected outcome stage

Sector focus

Companies per investor across the 10 highest-volume sectors

Beyond Unicorns — how the portfolio compounds

% of each investor's unicorn portfolio that later crossed $10B, $25B and $50B. Pick a sort tier and entry stage.
Sort by
Entry stage
Source: Dealroom Power Law dataset. Investors shown are the 2026 Power Law top 35 by combined entry-to-outcome score, drawn from the overview and locations_data sheets. Funnel-matrix axes rescale per-axis using the maximum among the currently selected investors, so the polygons always fill the chart for shape comparison.
06 · Portfolio founders

Where Sequoia's portfolio founders come from — and where they studied.

53 founders across the 24 Power Law outcomes — split by country of origin, university attended, and the company they worked at before founding. Massachusetts Institute of Technology and Alphabet | Google are the deepest single pipelines.

LocationCount
United States36
South Africa4
Canada3
China2
Lebanon1
India1
Iran1
View on app →
UniversityCount
Massachusetts Institute of Technology6
Stanford University3
University of Cambridge2
Yale University2
University of Belgrano1
University of Toronto1
University of Waterloo1
Marianopolis College1
Nanjing University of Aeronautics and Astronautics1
Tongji University1
+22 more →
Origin companyCount
Alphabet | Google7
Microsoft5
Palantir5
Apple3
Eventbrite2
Model N2
Nvidia2
Baidu2
Vonage2
PayPal2
+17 more →
Origin = country a founder is born in or grew up in (founders may have multiple origins; counts include all entries). University = highest-listed degree. Origin company = a previous employer where the founder was tagged before starting their current company.

Market sentiment

What the market is saying about Emergence

An AI-synthesized read of the highest-engagement posts about Emergence on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

In the news

Latest news about Emergence

Recent press, funding announcements, and portfolio moves mentioning Emergence — pulled live from Dealroom's news feed.

See all news

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