Emergence Equity Management, Inc

Multi-stage venture firmSEC venture capital fund adviser· San Francisco, CaliforniaEMCAP.COM

Emergence Capital is the leading venture capital firm focused on early-stage B2B software. We partner with founders transforming the way the world works.

In the firm's own words, from its website.

Reported fund assets
$3.8B
sum of its funds' Form ADV filings, last 30 months
New companies, 12 mo
None
Investment team
19
Latest vintage
2021
Contact decision makers
More
Ask DFX about thisView relationshipsFind contactsInvestments (94)Team (28)Funds
As of · the latest observation of this organization; filed figures are as of its latest Form ADV

19 additional team members, 37 additional co-investors and affiliates, 109 additional investments, funds and LPs, 15 events, 9 verified contacts (7 professional url, 1 general firm email, 1 firm phone)

Every relationship, signal and contact on this record, with the source on each.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

What matters now

  1. 2 companies
    portfolio raising

    2 portfolio companies have new financing on record in 6 months without this firm named on the round; the latest on 17 Sep 2026 ($30M round).

    A portfolio company raising again is a follow-on decision for the firm and a co-investment opening for others.

    FactPress release wires (PR Newswire, GlobeNewswire)For Co-investors, LPs, lendersInvestments →
  2. 7 deals
    with Sequoia Capital

    Invests most often alongside Sequoia Capital (7 shared deals) and G Squared Equity (3 shared deals).

    pair last observed on record 1 Oct 2026, not a deal date · The firms it syndicates with are the likeliest to see the same deals and to fill out its rounds.

    Measuredshared rounds and portfolio companies on recordFor Founders building a round, co-investorsCo-investors →

People to know

View all people
  • David Dworsky
    Principal
    Why: Principal on the deal team
    Profile
  • Kyle Murphy
    Principal
    Why: Principal on the deal team
    Profile
  • Yaz El-Baba
    Partner
    Why: Partner: part of the investment decision
    Profile

Relationship network

173 connected entities35 observed rounds14 repeat counterparties

From financing rounds and every investor named in them, Form ADV and Form D filings, the firm's funds and team, and disclosed LP commitments in the venture capital graph. A round's amount is the size of the round, not money that moved between two investors.

Some relationships on this record are counted rather than named here. They open with the full profile.

Click any name or line for the rounds and sources behind it. Line weight is rounds together; dashed lines are inferred.

Reading the network
  • Sponsor
  • Company
  • Fund or vehicle
  • Person

Co-investors are read from the rounds: three or more shared rounds is a strong observed relationship, two a repeat co-investor, one a single round. Funds and people are structural. Nothing is scored that a reader cannot check.

Darker lines were active in the last 24 months or are current; lighter lines are older or undated.

How am I connected?

Name your firm, a company or a person, and DFX finds the published routes to Emergence Equity Management, Inc: a shared portfolio company or board, a prior employer, a co-investor, a shared LP or service provider. Every step is a filed or published record with its source; none is a guess about who knows whom.

See how you connect to Emergence Equity Management, Inc

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Investing

94 companies on record, 0 new in 12 months
Investments on record
94 companies, 35 partner-attributed
CompanyRoundRolePartnerRound sizeThis investorDateSource
Adaptionportfolio listingunknownunknownunknownunknownOct 1, 2026Fact Firm website
Adaptiveportfolio listingunknownunknownunknownunknownOct 1, 2026Fact Firm website
Arcee Aiportfolio listingunknownunknownunknownunknownOct 1, 2026Fact Firm website
Stated thesis versus observed behaviour
121 observed deals
Stated (the firm’s website)
Sectors
ai, enterprise software, climate, b2b, vertical saas
Stages
series a, early
Geography
austin
Check size
not stated; DFX does not estimate checks from round sizes
Observed (from deals on record)
Stage at participation: no observed deals yet
Stage at first entry: no observed deals yet
Sectors
unknown 97%Other 3%
lead rate no observed dealsfollow-on rate 47%new companies, 12 months 0

Team

28 current, 2 departed
Decision makers
who to call first, and why; then everyone else by function
  • David Dworsky · Principal
    Why this person: Principal on the deal team; Named with investment responsibility
    LinkedIn or profile link on file (firm website), confirmed 2026-10-01, confidence 90%
  • Kyle Murphy · Principal
    Why this person: Principal on the deal team; Named with investment responsibility
    LinkedIn or profile link on file (firm website), confirmed 2026-10-01, confidence 90%
  • Yaz El-Baba · Partner
    Why this person: Partner: part of the investment decision; Named with investment responsibility
    LinkedIn or profile link on file (firm website), confirmed 2026-10-01, confidence 90%

Ranked by the role the firm or its filing states, a route on file and deals led. Every reason is read from the record, never inferred. 3 with a route on file. Routes are published by the person or the firm (their bio, the team page or a filing) and are revealed on a plan; data bought from a provider is never shown, and a route printed at a firm the person has since left is held back.

Investment team
28 current, 2 departed
2 departed (kept with end dates)
Contacts
1 general firm email, 1 firm phone, 7 professional url

1 general firm email, 1 firm phone, 7 professional url on record, each with its source. Values open with the complete profile.

Funds and LPs

12 vehicles, 0 LPs disclosed
Funds and vehicles
12 reported
VehicleTypeVintageLifecycleReported GAVOwnersForm D soldLatest Form D
Emergence Capital Partners VI, L.P.Fund2021 form d first saleMature$803M
Mar 27, 2026
68$576M
of $576M
May 5, 2021
Emergence Capital Opportunity I, L.P.Opportunity fund2021 form d first saleMature$388M
Mar 27, 2026
69$376M
of $376M
May 5, 2021
Emergence Capital Partners V, L.P.Fund2018 form d first saleHarvest$538M
Mar 27, 2026
61$435M
of $435M
May 22, 2018
Limited partners
0 LPs, 0 disclosed commitments
No LP commitment on record. An LP edge needs a public disclosure with a quote: a pension report (see Limited partners for the plans read), a fund announcement naming the LP, or a Form ADV owner. The fund page carries the LP’s reported performance.
Known LPs and allocators
13 relationships across the firm's funds, from public pensions and the allocator graph
AllocatorTypeFundAmountDateSource
Carnegie Corporation of New YorkFOUNDATIONEmergence Capital Partners VI, L.P.$10.6M
fair value on the foundation's return
reported as of Sep 30, 2025Fact IRS Form 990 / 990-PF e-file returns
Carnegie Corporation of New YorkFOUNDATIONEmergence Capital Partners II, L.P.$6.7M
fair value on the foundation's return
reported as of Sep 30, 2025Fact IRS Form 990 / 990-PF e-file returns
Carnegie Corporation of New YorkFOUNDATIONEmergence Capital Partners V, L.P.$7.5M
fair value on the foundation's return
reported as of Sep 30, 2025Fact IRS Form 990 / 990-PF e-file returns

Relationships across DFX

104 co-investors · on 2 other DFX graphs
Co-investors
104 counted from shared deals, for the whole firm
Across DFX and the capital chainon 2 other DFX graphs · 3 capital paths Show
Across DFX
  • The same institution is held on Allocators, RIA and Wealth, matched by identifier. See which records
Across the graphs

Emergence Equity Management, Inc is the same institution as 2 records in Allocators and RIA and Wealth.

Allocators1RIA and Wealth1

DFX found 2 relationships across 2 datasets

Which record it is in each graph, what it is called there, and how the two were matched.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Checking your plan…

Capital chain

Emergence Equity Management, Inc sits on 3 traced paths of capital across the graphs.

Allocator commitments to a manager

DFX traced 3 paths of capital through this record

Every record on each path, what it committed or lent, and as of when.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.

Checking your plan…

Evidence and history

20 dated events, 76 observations from 3 sources
Timeline
20 dated events
  1. Mar 27, 2026
    Emergence Capital Partners VII, L.P. first reported on Form ADV by Emergence Equity Management, Inc (Venture Capital Fund), GAV $987,365,315
    Fund first reported on Form ADVFundsInferenceEmergence Capital Partners VII, L.P.Form ADV
  2. Mar 27, 2026
    David Andrew Singer (Cfo) no longer on Schedule A of Emergence Equity Management, Inc
    Person leftPeopleInferenceDavid Andrew SingerForm ADV
  3. Oct 16, 2024
    Emergence Equity Management, Inc filed the first Form D for Emergence Capital Partners VII, L.P. (fund 7), its next fund after Emergence Capital Partners VI, L.P. (vintage 2021)
    Fund next filedderived signalInferenceEmergence Capital Partners VII, L.P.no URL
  4. Mar 29, 2022
    Emergence Capital Partners VI, L.P. first reported on Form ADV by Emergence Equity Management, Inc (Venture Capital Fund), GAV $563,219,637
    Fund first reported on Form ADVFundsFactEmergence Capital Partners VI, L.P.Form ADV
  5. Mar 29, 2022
    Emergence Capital Opportunity I, L.P. first reported on Form ADV by Emergence Equity Management, Inc (Venture Capital Fund), GAV $407,254,495
    Fund first reported on Form ADVFundsFactEmergence Capital Opportunity I, L.P.Form ADV
Identity and regulatory footprint
Address, phone, Form ADV filing and ownersForm ADV filed Mar 27, 2026 · 7 private fundsShow
Headquarters
San Francisco, CAadviserinfo.sec.gov
Office address
unknownadviserinfo.sec.gov
Business phone
unknownadviserinfo.sec.gov
Website
EMCAP.COM
SEC adviser type
Exempt reporting adviseradviserinfo.sec.gov
SEC exemption claimed
Venture capital fund adviseradviserinfo.sec.govItem 2.B(1): advises solely venture capital funds
Latest Form ADV
Mar 27, 2026
Private funds reported
7 (7 venture capital funds)adviserinfo.sec.gov
Private fund gross assets, adviser total
$3.8Badviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
Classification history
Every classification this record has carried2 on recordShow
  1. Sep 23, 2026
    Multi-stage venture firm (confirmed, 95%)
    Both early and growth/opportunity families, reported GAV $3.9B
  2. Sep 12, 2026
    Multi-stage venture firm (confirmed, 95%)
    Both early and growth/opportunity families, reported GAV $3.2B
Evidence
76 observations from 3 sources
Every observation behind this profile, with its source, date and class
FactValueEffectiveClassSource
Why admittedVC exemption, VC funds reportedMar 27, 2026FactForm ADV
SEC exemption claimedVenture capital fund adviserMar 27, 2026FactForm ADV
SEC exemption claimedVenture capital fund adviserMar 22, 2024FactForm ADV
SEC adviser typeExempt reporting adviserMar 27, 2026FactForm ADV
SEC adviser typeExempt reporting adviserMar 27, 2026FactForm ADV
SEC adviser typeExempt reporting adviserMar 22, 2024FactForm ADV
First Form ADV filing2012-03-28Mar 27, 2026FactForm ADV
First Form ADV filing2012-03-28Mar 22, 2024FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-29Sep 30, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-25Sep 26, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-23Sep 24, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-21Sep 23, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-22Sep 23, 2026FactForm ADV
Adv history loadedadv-hist-1Sep 12, 2026FactForm ADV
Latest Form ADV filing2026-03-27Mar 27, 2026FactForm ADV
Latest Form ADV filing2026-03-27Mar 27, 2026FactForm ADV
Latest Form ADV filing2024-03-22Mar 22, 2024FactForm ADV
SEC statusERA - ActiveMar 27, 2026FactForm ADV
SEC status effective2012-03-28Mar 27, 2026FactForm ADV
Venture share of reported funds1Mar 27, 2026FactForm ADV
Venture share of reported funds1Mar 22, 2024FactForm ADV
Business phoneMar 27, 2026FactForm ADV
Business phoneMar 22, 2024FactForm ADV
DescriptionOct 1, 2026Factno URL
DescriptionSep 16, 2026Factno URL
DescriptionSep 15, 2026Factno URL
HeadquartersSan Francisco, CAMar 27, 2026FactForm ADV
HeadquartersSan Francisco, CAMar 22, 2024FactForm ADV
Office addressMar 27, 2026FactForm ADV
Office addressMar 22, 2024FactForm ADV
Legal formCorporationMar 27, 2026FactForm ADV
Legal formCorporationMar 22, 2024FactForm ADV
Portfolio pageOct 1, 2026Factno URL
Portfolio pageSep 16, 2026Factno URL
Portfolio pageSep 15, 2026Factno URL
Private funds reported7Mar 27, 2026FactForm ADV
Private funds reported7Mar 27, 2026FactForm ADV
Private funds reported10Mar 22, 2024FactForm ADV
Private fund gross assets (reported)$3.8BMar 27, 2026FactForm ADV
Private fund gross assets (reported)$3.8BMar 27, 2026FactForm ADV
Private fund gross assets (reported)$3.2BMar 22, 2024FactForm ADV
Schedule a diffsadiff-1Mar 27, 2026FactForm ADV
Stated geographyaustin
“geography words on the home page”
Oct 1, 2026Factno URL
Stated geographyaustin
“geography words on the home page”
Sep 16, 2026Factno URL
Stated geographyaustin
“geography words on the home page”
Sep 15, 2026Factno URL
Stated sectorsAI, enterprise software, climate, B2B, vertical SAAS
“sector words on the home page”
Oct 1, 2026Factno URL
Stated sectorsAI, enterprise software, climate, B2B, vertical SAAS
“sector words on the home page”
Sep 16, 2026Factno URL
Stated sectorsAI, enterprise software, climate, hardware, B2B, vertical SAAS
“sector words on the home page”
Sep 15, 2026Factno URL
Stated stagesSeries a, early
“stage words on the home page”
Oct 1, 2026Factno URL
Stated stagesSeries a, early
“stage words on the home page”
Sep 16, 2026Factno URL
Stated stagesSeries a, early
“stage words on the home page”
Sep 15, 2026Factno URL
Team pageOct 1, 2026Factno URL
Team pageSep 16, 2026Factno URL
Team pageSep 15, 2026Factno URL
Venture funds reported7Mar 27, 2026FactForm ADV
Venture funds reported7Mar 27, 2026FactForm ADV
Venture funds reported10Mar 22, 2024FactForm ADV
WebsiteMar 27, 2026FactForm ADV
WebsiteMar 22, 2024FactForm ADV
Site titleOct 1, 2026Factno URL
Site titleSep 16, 2026Factno URL
Site titleSep 15, 2026Factno URL
How this is scored
Scores, classification basis and filing advisersMulti-stage venture firm, confirmedShow
Importance
85
high
Active deployment
0
low
Emerging
0
low
Freshness
100
high
Multi-stage venture firmSEC exempt reporting adviser

Both early and growth/opportunity families, reported GAV $3.9B

The inputs behind each score
importance
gav: $1 · funds: 1 · people: 1 · investments: 0.77 · co investors: 0.81
active deployment
investments 12m: 0 · fund raising 18m: 0 · people joined 12m: 0 · vintage within 3y: 0 · latest investment at: not scored
emerging manager
fund count: 12 · reported gav: $3.8B · first adv filing: 2012-03-28 · years since first filing: 14.5

Fits, record history and connections

scored matches for this investor, every identity change, every edge

Record history

1 dated event on the change ledger, latest event first
  • Adviser's first ADV filing
    2012-03-28source on record

The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.