Deals

Emergence Capital Partners raising $200M fund

Venture capital firm Emergence Capital Partners is in the process of raising its third fund, a $200 million fund labeled “Emergence Capital Partners III,” according to a filing with the Securities and Exchange Commission.

Emergence Capital Partners is known for investing in enterprise companies like cloud storage provider Box.net and online enterprise social network Yammer. It also invested in file transfer service YouSendIt.

The firm was an investor in customer relationship management (CRM) software provider Salesforce.com, which went on to become a publicly-traded company and now has a market cap of more than $20 billion. It also invested in SuccessFactors (another publicly-traded company with a market cap of more than $2 billion) and ad-serving company DoubleClick (bought by search giant Google for more than $3 billion in 2008).

VentureBeat has contacted the firm for confirmation and additional details about the fund.