SOURCE: Emergence Capital

September 29, 2016 16:30 ET

Emergence Capital Announces Promotions and New Team Member

Joe Floyd Promoted to Partner, Jake Saper Promoted to Principal and Kara Egan Joins as New Senior Associate

SAN MATEO, CA--(Marketwired - September 29, 2016) - Emergence Capital, a leading enterprise cloud venture firm, announced the promotion of Joe Floyd to Partner. In addition, the firm promoted Jake Saper to Principal and is welcoming new team member Kara Egan as Senior Associate. With these promotions and new addition, Emergence Capital continues to invest in and expand its investment team to further its mission of partnering with the most important enterprise cloud visionaries.

"Emergence Capital continues to invest heavily in the future of the firm, and we are thrilled to promote both Joe and Jake. They have proven themselves over a number of years and have the essential qualities we look for in leaders at our firm and in the industry," said Jason Green, General Partner at Emergence Capital.

Since joining Emergence, Joe Floyd has demonstrated a strong ability to identify and engage with the next generation of technology leaders. He led the firm's investment in project44 and has been actively involved in portfolio companies including SalesLoft, Betterworks, Bill.com and Replicon. Prior to joining Emergence, Joe worked at American Capital's technology group, where he focused on investing in fast-growing internet and software companies. Previously he was an Associate with McKinsey & Co. Joe earned his MBA from The Wharton School and a BS and BA from the University of California, Berkeley. He is also a Kauffman Fellow.

Jake Saper was promoted from Senior Associate to Principal at Emergence. Jake has been actively involved with portfolio companies Comfy, DroneDeploy, and Augmedix, among others. Prior to joining Emergence, Jake worked at Kleiner Perkins' Green Growth Fund, where he focused on the geospatial, agricultural tech, and enterprise SaaS sectors. Jake earned his MBA and MS Environment & Resources degrees from Stanford and his BA from Yale. He is also a Kauffman Fellow.

Prior to joining Emergence, Kara Egan ran product marketing for Stitch Labs, led Zendesk's partner and product marketing efforts for their expansion into the enterprise market, and built Backupify's reseller channel program. Before moving to the operating side, she was the founding Associate at .406 Ventures, driving the initial investments in SaaS, health IT, and security companies. Kara earned her MBA from The Wharton School and her BS in Management Science and Engineering from Stanford.

"We are also excited to welcome new team member Kara Egan, who has both prior venture experience and product management experience with enterprise cloud leaders. We know that Kara will be a great addition to our team," said Jason Green.

About Emergence Capital

Emergence Capital (@emergencecap), based in San Mateo, Calif., is the leading venture capital firm focused on early and growth-stage enterprise cloud companies. Its mission is to invest in cloud visionaries who are building the world's most important business applications. Emergence has over $900 million under management and is investing out of it's 4th institutional fund. The firm's investments include companies such as Salesforce.com (CRM), SuccessFactors (SFSF, acquired by SAP), Veeva Systems (VEEV), Yammer (acquired by Microsoft), and Box (BOX). More information on Emergence Capital can be found at http://www.emcap.com.

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