Fund name: Emergence Capital Partners VI and Emergence Capital Opportunity I
Amount raised: $950 million
Stage of fundraising: Final close
Emergence Capital Partners has raised $950 million across two new funds, according to a recent press release. The core fund, Emergence Capital Partners VI, has raised $575 million in commitments while Emergence Capital Opportunity I has raised $375 million.
Capital raised by the core fund will invest in early-stage business-to-business technology firms in the US, while the opportunity fund will complement the core funds to make select investments in late-stage firms.