SOURCE: Emergence Capital

Emergence Capital

February 11, 2015 15:00 ET

Emergence Capital, Leading Enterprise Cloud Venture Capital Firm, Raises Oversubscribed $335 Million Fourth Fund

SAN MATEO, CA--(Marketwired - Feb 11, 2015) - Emergence Capital Partners (http://www.emcap.com), the leading venture capital firm focused on enterprise cloud companies, announced that it has closed its fourth fund, Emergence Capital Partners IV. The fund was immediately oversubscribed and ultimately capped at $335 million, a step-up from Emergence Capital's Fund III raised in 2012. Emergence now has nearly $1 billion under management across four funds.

Limited partners in the fund include a select group of highly respected university endowments, national foundations and pension funds that have a deep history of successful investing in venture capital. Emergence Capital is pleased to include a few new premier university endowments and foundations in ECP IV, along with 100% return of its current institutional investors.

"With this new fund, Emergence Capital builds on our original commitment to be the most important partner to the most important enterprise cloud companies of today and the future," said Co-founder and General Partner, Jason Green. "Cloud technology is evolving, and we see great opportunities to help founders in new growth areas such as vertical industry cloud solutions, enterprise mobile applications and next generation collaboration platforms," added Gordon Ritter, Co-founder and General Partner.

Founded in 2003, Emergence was the first venture capital firm committed to the thesis that enterprise software would move to the cloud. The firm has maintained its focus, becoming one of the most sought after investors for Software as a Service (SaaS) companies.

"Emergence Capital was Veeva's only institutional investor," said Peter Gassner, CEO of Veeva Systems. "Their team-based approach, forward thinking mindset, and laser focus on the cloud helped us build the leading industry cloud company in the life sciences vertical."

"Over the last decade, Emergence has helped define and develop the go-to-market strategies for enterprise cloud software," said Godard Abel, CEO of SteelBrick. "Emergence Capital was the first and only firm we called when we wanted to raise a Series A round in 2014."

The mission of Emergence Capital is to invest in the cloud visionaries who are building the most important business applications. Emergence Capital has funded leading enterprise companies, collectively valued at over $50 billion of market capitalization, including: Salesforce.com (CRM), Veeva Systems (VEEV), Box (BOX), SuccessFactors (SFSF, acquired by SAP), and Yammer (acquired by Microsoft). Emergence Capital's investment in Veeva has been highlighted by CB Insights as one of the highest returning technology investments in the last five years.

Emergence's new fund will be managed by General Partners Jason Green, Brian Jacobs, Gordon Ritter and Kevin Spain, along with new partner Santi Subotovsky, and an experienced investment team.

Blog post:  http://www.emcap.com/2015/02/11/announcing-ecp-iv/

About Emergence Capital Partners (@emergencecap)
Emergence Capital Partners, 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 the cloud visionaries who are building the most important business applications. The firm's investments include companies such as Salesforce.com (CRM), SuccessFactors (SFSF, acquired by SAP), Veeva Systems (VEEV), Yammer (acquired by Microsoft), Box (BOX), and Lithium. More information on Emergence Capital can be found at http://www.emcap.com.

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