Emergence Capital
Emergence Capital is an early-stage venture capital firm founded in 2003 and headquartered in San Francisco, California, focused exclusively on early-stage B2B / enterprise software. Its founding thesis — that business software would move to the cloud — produced some of the defining SaaS bets of the era, including a contrarian 2003 investment in Salesforce and being the sole venture backer of Veeva's 2008 Series A. The firm runs a deliberately high-conviction, low-volume model in which each partner makes roughly one investment per year, enabling deep engagement with every founder. Its current thesis centers on "AI-native services" — companies that sell outcomes rather than software subscriptions, whose service margins improve as AI models improve — alongside AI infrastructure, physical-world AI, and horizontal and vertical SaaS. Emergence closed Fund VII at $1B in March 2025 (its largest fund, following Fund VI at $575M in 2021), has deployed less than $2.5B to generate $9B+ in realized returns, and its portfolio companies are collectively worth over $450B. Notable investments include Salesforce, Zoom, Veeva, Box, Bill.com, Gusto, Doximity, and Ironclad. Reported outcomes: 90%+ of early-stage investments raised successful follow-ons, 20%+ surpassed a $1B valuation, and 10%+ went public.
Emergence Capital is tracked in the API Evangelist network. This page is the human-readable profile that sits on top of the machine-readable index we maintain at apis.io.
Every provider in the network is reduced to the same set of machine-readable artifacts — OpenAPI contracts, event specifications, GraphQL schemas, runnable collections, pricing and rate-limit signals, security posture, OAuth scopes, and the agent surfaces (MCP servers and skills) that let software drive the API on its own. We profile them because the interface is the part of a company you can actually inspect: it is a truer signal of what a provider does than any marketing page. The full breakdown is below, followed by every artifact we hold — each card links through to its machine-readable definition on apis.io.
Emergence Capital is in the network as a tracked entity. We haven't yet indexed a public API surface for it — when one is published, the artifacts, score, and agent-readiness read will appear here automatically. The source repository is where that profile is built.
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