The Fastest Growing SaaS Company You’ve Never Heard Of… Until Now!

We are thrilled to announce our investment in Zoom, one of the fastest growing SaaS companies in the world.

At Emergence Capital, we are always on the lookout for the next big thing in the enterprise, or what we call “enterprise next.” We get excited about founders who have the vision to see where things are going, coupled with the technical expertise to make it happen. Eric Yuan, the CEO of Zoom, is one of those founders. Eric and his team at Zoom are building the next generation of cloud-based video conferencing, and the viral growth has been incredible.

Collaboration is one of those areas that’s getting massively disrupted by the convergence of three major forces: cloud, mobile and end-user decision making. The Cloud is becoming the default infrastructure for enterprise communication. Ubiquitous mobile devices are enabling business users who were completely under-served under a desktop/laptop environment. Finally, technology decisions are increasingly being made by business end-users who select applications that offer the best user experience. The Zoom team has capitalized on this convergence.

When we met Eric, Founder and CEO of Zoom, we knew they were building something amazing. Eric’s experience at Webex provided him with a unique knowledge of the video-collaboration technologies, and his obsession with customer experience enabled him to build a solution that is delightful to use. As we talked to users, the passion and love they expressed was something we rarely hear when we talk to enterprise customers. When we looked at the metrics, we confirmed Eric and his team had built one of the fastest growing SaaS companies in the planet. Their adoption and engagement metrics were off the chart, and as we compared them with other publicly available benchmarks, we got more and more excited.

As an example, it took Zoom only five months to grow from 1 million to 2 million users -- this is phenomenal, even when compared to other fast-growing freemium companies such as Evernote, Yammer and Hootsuite that needed seven months.

Zoom from 1 to 2MM Users

We are living in an exceptional time for enterprise startups. Our experience with Yammer gave us great insights into how freemium, viral, and “consumerized” business products were being adopted in work environments. We have seen engagement explode for the right product at the right price point, and we believe Zoom is that kind of solution.

We are thrilled to partner with Eric and the Zoom team to bring state-of-the-art cloud video collaboration to every business. Get ready to hear more about this awesome company. Download the application and try it out.