https://techcrunch.com/2021/05/05/emergence-known-for-its-enterprise-bets-just-rounded-up-nearly-1-billion-across-two-new-funds/ > Emergence, the 18-year-old, San Mateo, Ca.-based venture firm focused on enterprise tech startups, has rounded up nearly a billion dollars in capital commitments across two funds. It closed its sixth early-stage fund with $575 million; the outfit also raised a so-called opportunity fund for the first time, closing it with $375 million in capital commitments. > It’s a significant shift away from standard operating procedure for Emergence, which has funded a string of highly successful companies at their earliest stages but has, until now, maintained a conservative approach when it comes to fundraising, closing its fifth fund in 2018 with $435 million and its fourth fund with $335 million in 2015.