Emergence announces its first female partner
https://techcrunch.com/2021/11/10/emergence-announces-its-first-female-partner/
Emergence, a storied venture capital firm known for its enterprise bets in Salesforce and Zoom, announced today that it has promoted Carlotta “Lotti” Siniscalco from principal to partner. The appointment marks Emergence’s first female partner in its 18-year history, and comes months after the firm closed two funds totaling $1 billion.
Siniscalco’s new job title comes without precedent. Emergence has historically struggled on the diversity of its partnership: all five partners within Emergence’s new funds are male. Emergence doesn’t hire a partner level and prefers to build up investors over time, a policy that appears to have delayed some of its diversity efforts. Kevin Spain, Emergence Capital GP, hinted to Forbes in May that Lotti will join the partner ranks “in the next few years.” Months later, it looks like that timeline has been accelerated. Along with Siniscalco’s move, the firm promoted Yaz, a Palestinian-American, to senior associate.