Early Zoom Backer Emergence Closes in on $1 Billion of New Funds

Emergence Capital’s investments have included Box Inc., Zoom Video Communications Inc. and Together AI, according to its website. 

Photographer: Stefan Wermuth/Bloomberg
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Emergence Capital is close to securing $1 billion of new capital for tech investment, according to a person familiar with the matter.

The San Francisco-based venture capital firm could close the funding as soon as Friday, said the person, who asked not to be identified because the information was private.