Emergence News & Thoughts
- How This Salesforce Investor Created $100B in Value — Forbes profiles Emergence Founding Partner Jason Green and shares his perspective on building Emergence Capital, investing in Salesforce during their early days, and his basic investment principles.
- AI overload? Learn How to Cut Through The AI Nonsense and Find the Gold from Principal Jake Saper’s recent Forbes article.
- Operating Partner Viviana Faga shares 10 Warning Signs for Enterprise Cloud Companies that every team should monitor.
- If you missed out on the Fall demo days of 500 Startups and Acceleprise, check out our color commentary on the top enterprise startups from each class.
We’re looking to add a Senior Associate to our team at Emergence. Please pass along your recommendations!
Portfolio Executive Openings
- VP of Sales — Textio is an augmented writing platform for smarter hiring. The ideal candidate has previous experience as a senior sales leader focused on enterprise SaaS in growth-stage startup environments.
- Head of Marketing — Guru is reinventing knowledge sharing and enterprise collaboration. Guru is looking for candidate’s with 10+ years of B2B SaaS marketing leadership experience while managing and scaling cross-functional teams.
- Head of Customer Success — Blend Labs partners with banks and lenders to power frictionless, compliant, and more accessible lending — starting with mortgages. The ideal candidate has 15+ years senior operations/delivery experience in large, well-regarded enterprises.
- Head of Product Marketing — Gusto’s fully-integrated platform automates payroll, benefits and HR tasks for companies. Gusto is looking for someone with 8+ years of product marketing experience, ideally with experience bringing a multi-option SaaS product to a consumer or SMB market.
Enterprise Financing and M&A
- November saw a string of high profile enterprise exits in the cyber security space. Identity solutions company SailPoint had a strong debut in their IPO, Proofpoint acquired Cloudmark for $110MM to further serve their ISP and mobile carrier customers, McAfee acquired cloud security startup Skyhigh Networks (last valued at $400MM) and Synopsis acquired Black Duck for $565MM. Outside of security, email marketing platform Sendgrid raised $131MM after its IPO and Marlin Equity acquired Bazaarvoice for $521MM.
- November also saw a number of large enterprise growth rounds including Chicago’s Uptake Technologies raising $117MM, mobile marketing automation vendor Leanplum raising $47MM, MetricStream adding $65MM and design application InVision picking up $100MM.
- Log management platforms saw a spike in venture financing as well with Scalyr raising $20MM, Logz.io adding $23MM and LogDNA announcing $7MM.
Here is the full recap of November’s enterprise financings and M&A:
- Uptake, a Chicago-based predictive analytics software provider, raised $117 million in Series D funding at a $2.3 billion valuation.
- InVision, a New York City-based product design platform, raised $100 million in Series E funding.
- MetricStream, Inc, a Palo Alto, Calif.-based provider of solutions for quality management, regulatory compliance, corporate governance, and quality management, raised $65 million in funding.
- Collective Medical, a Salt Lake City-based provider of care collaboration solutions, raised $47.5 million in Series A funding.
- Leanplum, a San Francisco-based mobile marketing platform, raised $47 million in Series D in funding.
- H2O.ai, a Mountain View, Calif.-based company bringing AI to enterprises, raised $40 million in Series C funding.
- Instart Logic, a Palo Alto, Calif.-based company focusing on cloud, web and mobile application performance, raised $30 million in funding.
- LightStep, a San Francisco-based provider of application performance management for enterprise software, raised $29 million in funding.
- LeanTaaS, Inc., a Santa Clara, Calif.-based provider of software for healthcare providers, raised $26 million in Series B funding.
- Qubole, a Santa Clara, Calif.-based developer of a cloud-based data platform, raised $25 million in funding.
- BigPanda, a Palo Alto, Calif.-based and Tel Aviv-based provider of algorithmic service operations solutions for enterprise IT, raised $23 million in funding.
- GoSpotCheck, a Denver, Colo.-based SaaS-based field execution management platform, raised $21.5 million in Series B1 funding.
- Prognos, a New York-based healthcare AI company, raised $20.5 million in Series C funding.
- Glint, a Redwood City, Calif.-based employee engagement platform, raised $20 million in Series D funding round.
- Revel, a Minneapolis, Minn.-based health engagement company, raised $17 million in funding.
- AppZen, a Sunnyvale, Calif.-based provider of artificial intelligence solutions for back office automation, raised $13 million in Series A funding.
- Ranger Health, a San Antonio, Texas-based on-demand healthcare service and technology company, raised $10 million in Series A funding.
- Brat, a video startup, raised $10 million in funding.
- Aquaro Histology Inc, an Ann Arbor, Mich.-based developer of products for the histology laboratory, raised $9.8 million in Series A funding.
- Arbe Robotics, a Tel Aviv and Tokyo-based provider of high-resolution radar for self-driving cars, has closed $9 million in funding.
- Rallyteam, a San Francisco-based talent development platform startup, raised $8.6 million in Series A funding.
- Lessonly, an Indianapolis-based team training software solutions company, raised $8 million in Series B funding.
- Libra, a New York City-based provider of financial software for the blockchain and cryptocurrency industry, raised $7.8 million in Series A funding.
- Testim, a San Francisco-based provider of machine learning-based test automation software, raised $5.6 million in Series A funding.
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