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At a glance
Emergence Capital appears in 6 funding rounds tracked by ValueAddVC since 2022, leading 2. Its most frequent sectors in these rounds are AI & Infrastructure and Enterprise Software, and its most recent tracked deal was Verda's $189M Series B round (Sep 22, 2026). ValueAddVC also tracks 6 funds managed by Emergence Capital.
Strategy
Stages
Series ASeries B
Sectors
SaaSAIInfrastructure
Geographies
USASan Francisco, California, USA
Check size
$10M-$50MRecent changes
- Sep 22, 2026Sep 22, 2026Invested in Verda (Series B, $189M) Bloomberg
- Sep 17, 2026Sep 17, 2026Invested in Adaptive (Series B, $30M) PR Newswire
- Sep 5, 2026Sep 5, 2026Sectors updated: SaaS, AI, Infrastructure emcap.com
- Jul 1, 2026Jul 1, 2026Invested in Together AI (Series C, $800M) BusinessWire
- Jun 16, 2026Jun 16, 2026Invested in Bland AI (Series C, $50M) Fortune
Earlier changes (8)
- Jun 15, 2026Jun 15, 2026Invested in Radical Numerics (Seed, $50M) Pulse 2.0
- Oct 16, 2024Oct 16, 2024New fund: Emergence Capital Fund VII SEC EDGAR Form D
- Jul 20, 2022Jul 20, 2022Invested in Crunchbase (Series D, $50M) Crunchbase
- May 5, 2021May 5, 2021New fund: Emergence Capital Opportunity Fund I ($375.51M) SEC EDGAR Form D
- May 5, 2021May 5, 2021New fund: Emergence Capital Fund VI ($575.74M) SEC EDGAR Form D
- May 22, 2018May 22, 2018New fund: Emergence Capital Partners V ($435M) SEC EDGAR Form D
- Dec 12, 2016Dec 12, 2016New fund: Emergence Capital Opportunity Fund III SEC EDGAR Form D
- Jan 30, 2015Jan 30, 2015New fund: Emergence Capital Fund IV SEC EDGAR Form D
Funds
6| Fund | Vintage | Size | Strategy | Source |
|---|---|---|---|---|
| Emergence Capital Fund VII | 2024 | — | Flagship | As of Oct 16, 2024SEC EDGAR Form D |
| Emergence Capital Fund VI | 2021 | $575.74M | Flagship | As of May 5, 2021SEC EDGAR Form D |
| Emergence Capital Opportunity Fund I | 2021 | $375.51M | Opportunity | As of May 5, 2021SEC EDGAR Form D |
| Emergence Capital Partners V | 2018 | $435M | Flagship | As of May 22, 2018SEC EDGAR Form D |
| Emergence Capital Opportunity Fund III | 2016 | — | Opportunity | As of Dec 16, 2016SEC EDGAR Form D |
Show 1 earlier fund
| Fund | Vintage | Size | Strategy | Source |
|---|---|---|---|---|
| Emergence Capital Fund IV | 2015 | — | Flagship | As of Feb 11, 2015SEC EDGAR Form D |
Portfolio
6 totalRecent Investment Activity
6Track record: led 2 and participated in 4 of 6 tracked venture rounds · 5 in the last 12 months · led 1 Series B, 1 Seed
| Date | Company | Event | Role | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|---|---|
| Sep 22, 2026 | Verda | Series B | Led | $189M | $1 billion | Emergence CapitalLeadunverifiedVarma Mutual Pension InsuranceunverifiedLifeline VenturesunverifiedMUFG Innovation PartnersSuper Micro Computer | Pulse story |
| Sep 17, 2026 | Adaptive | Series B | Participated | $30M | — | PR Newswire | |
| Jul 1, 2026 | Together AI | Series C | Participated | $800M | $8.3B | Aramco VenturesLeadunverifiedVista Equity PartnersunverifiedGeneral CatalystunverifiedEmergence CapitalunverifiedNvidiaunverifiedMarch Capitalunverified | Pulse story |
| Jun 16, 2026 | Bland AI | Series C | Participated | $50M | — | Dell Technologies CapitalLeadHubSpot VenturesArcherman CapitalTribeca Venture PartnersEmergence CapitalUpfront VenturesScale Venture PartnersY CombinatorMax LevchinPiotr DąbkowskiJeff Lawson | Fortune |
| Jun 15, 2026 | Radical Numerics | Seed | Led | $50M | — | Pulse 2.0 | |
| Jul 20, 2022 | Crunchbase | Series D | Participated | $50M | — | Alignment GrowthLeadunverifiedOMERS VenturesunverifiedMayfield FundunverifiedEmergence Capitalunverified | Crunchbase |
Sector / Stage Activity
By sector (portfolio)
AI infra
3 · 50%
Enterprise SaaS
2 · 33%
Cloud
1 · 17%
By stage (tracked rounds)
Series B
2 · 33%
Series C
2 · 33%
Seed
1 · 17%
Series D
1 · 17%
Co-Investors
12Alignment Growth · 1 sharedAndreessen Horowitz · 1 sharedAramco Ventures · 1 sharedArcherman Capital · 1 sharedBoxGroup · 1 sharedCowboy Ventures · 1 sharedDefinition Capital · 1 sharedDell Technologies Capital · 1 sharedFirst Spark Ventures · 1 sharedOMERS Ventures · 1 sharedPatrick Collison · 1 sharedVerizon Ventures · 1 shared
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overlapping sector, stage or regionValue Add Research
Latest Pulse
- Sep 22, 2026Verda Raises $189M, Becomes A Billion-Dollar AI CloudVerda, the Helsinki-based AI cloud company formerly known as DataCrunch, raised $189 million led by Emergence Capital and said it is now valued at more than $1 billion.→
- Sep 21, 2026Adaptive Raises $30M For Agentic Construction AccountingAdaptive raised a $30 million Series B led by Tidemark to expand its AI-driven construction accounting platform, which now runs financial workflows for more than 750 construction companies.→
- Sep 16, 2026Arcee AI Hits $1B+ Valuation Building Open-Weight ModelsArcee AI closed a $150 million Series B at a pre-money valuation above $1 billion, betting enterprises will pay to run open-weight models instead of renting closed frontier APIs.→
- Aug 19, 2026Is AI-Native Services the Next SaaS? I'm Not Convinced YetInvestor Jake Saper convened a New York summit to promote AI-Native Services (AINS) -- startups that hire domain professionals and pair them with AI engineers to sell outcomes, not software -- as the next major venture category.→
- Jul 10, 2026Probook Raises $40M to Be the AI OS for PlumbersProbook raised $40 million across a Series A and seed round, backed by Andreessen Horowitz and Sequoia, to build an AI operating system that runs scheduling, dispatch and customer calls for plumbing, electrical and HVAC businesses.→
- Jul 1, 2026Together AI Raises $800M at $8.3B Valuation as Open-Source Inference Demand TriplesTogether AI closed an $800 million Series C on July 1 at an $8.3 billion post-money valuation, more than doubling its prior mark. The round was led by Aramco Ventures with Vista Equity Partners, General Catalyst, Emergence Capital, Nvidia, March Capital and others participating, as annual bookings crossed $1.15 billion on the back of open-source model usage tripling industry-wide in twelve months.→
- Jun 24, 2026Radical Numerics Raises $50M Seed to Build AI for Scientific DiscoveryMenlo Park-based Radical Numerics raised a $50 million seed round led by Emergence Capital, with First Spark, Obvious Ventures, Factory and Triatomic participating. The startup is building AI systems aimed at scientific and numerical problems -- a fast-emerging category betting that AI's next frontier is accelerating research itself, from drug discovery to materials and simulation.→
- Jun 17, 2026Radical Numerics Raises $50M to Build AI That Simulates BiologyRadical Numerics raised $50 million led by Emergence Capital to build AI models that simulate biological systems -- a bet that foundation-model techniques can model cells and living processes the way world models simulate physics. It's part of a clear 2026 wave of capital flowing toward AI-for-science applied to specific scientific domains.→
Emergence Capital FAQ
What is Emergence Capital's latest fund?
Emergence Capital Fund VI, closed at $575.74M (As of May 5, 2021; SEC EDGAR Form D).
How large are Emergence Capital's funds?
Emergence Capital funds Value Add tracks include Emergence Capital Fund VI ($575.74M, 2021); Emergence Capital Opportunity Fund I ($375.51M, 2021); Emergence Capital Partners V ($435M, 2018), out of 6 Emergence Capital funds tracked in total.
What companies has Emergence Capital invested in?
Emergence Capital's portfolio includes Verda, Adaptive, Together AI, Bland AI, Radical Numerics, Crunchbase.
Who does Emergence Capital co-invest with most?
In the rounds Value Add tracks, Emergence Capital most often invests alongside Alignment Growth (1 shared deal), Andreessen Horowitz (1 shared deal), Aramco Ventures (1 shared deal), Archerman Capital (1 shared deal), BoxGroup (1 shared deal).
Sources & methodologyshow
Where these figures come from
- BusinessWireprimary source1 fact
- Crunchbaseprimary source1 fact
- PR Newswireprimary source1 fact
- SEC EDGAR Form Dprimary source1 fact
- SEC EDGAR Form Dprimary source1 fact
- SEC EDGAR Form Dprimary source1 fact
- SEC EDGAR Form Dprimary source1 fact
- SEC EDGAR Form Dprimary source1 fact
Figures are labelled Reported (a source states it), Estimated, Derived (computed from other facts) or Rumored (in talks / unconfirmed). Rumors never replace a confirmed figure. Each figure keeps its own as-of date; history is preserved rather than overwritten.