Emergent raises USD $70m to fuel European AI growth

AI software creation company Emergent has secured $70 million in Series B funding as it prepares to significantly expand its presence across Europe. The plans include opening new offices and launching a recruitment drive in London.

The funding round was led by Khosla Ventures and SoftBank Vision Fund 2, with participation from Prosus, Lightspeed, Together, and Y Combinator. Emergent confirmed that its total funding has now surpassed $100 million, achieved within just seven months of the company's launch.

Emergent said Europe has become its second-largest market. The company said the region drives one in four new users. Emergent said it plans new offices and new hires in London and across Europe.

The company positions its product in a category sometimes described as "vibe coding". It centres on users describing what they want, then AI generates an application.

Product focus

Emergent describes its platform as an integrated environment to build, ship, and share applications. It said users can create web and mobile applications without writing code.

Emergent said more than 5 million users across more than 190 countries have created more than 6 million applications in less than seven months. The company said that activity has contributed to rapid revenue growth.

Emergent said annual recurring revenue reached USD $50 million in seven months. It also said ARR grew from USD $100,000 to USD $50 million over that period.

The company said it uses autonomous AI agents across design, build, testing, and scaling tasks. It also said the platform includes integrated billing through Stripe and other providers.

Funding context

The Series B follows a USD $23 million Series A round and a USD $7 million seed round, according to the company. Emergent also pointed to backing from Google's AI Futures Fund.

Investors have taken a close interest in tools that sit between AI model providers and the people who want to make software. Several companies in the space focus on code generation for developers. Others target non-technical users and small teams that want to assemble products without a conventional engineering workflow.

Emergent framed its approach as aimed at people building new businesses, side projects, and internal workflows. It said its user base includes small business owners and first-time entrepreneurs.

"Software creation is undergoing a structural shift," said Mukund Jha, Co-Founder and CEO, Emergent.

"It used to be that only people with technical training or capital got to turn ideas into real products. Emergent flips that model. We are seeing millions of people build and ship real businesses, workflows, and products in days. As a result, many are generating new sources of income. By helping everyday people build and monetize their ideas, Emergent is stepping in to power the most crucial segment of the economy - small businesses and entrepreneurs," said Jha.

European expansion

Emergent said its European push will focus on building a local presence and growing a creator community. The company did not disclose headcount targets, office timelines, or country-by-country plans beyond London and "across Europe".

The move comes as more US-based AI startups look to Europe for user growth and new revenue. The region has also emerged as a proving ground for consumer-facing AI tools, especially products that spread through creator communities and small businesses.

Emergent said it plans to keep investing in product development and new markets. It did not disclose how it will allocate the Series B proceeds between hiring, operations, and product work.

Vinod Khosla, Founder of Khosla Ventures, described the company's growth in terms of market reach.

"Emergent is growing at a pace we rarely see because it is tapping into a segment that has never been served," said Khosla.

"When barriers to software creation fall this quickly, behavior changes across industries, not just within the technology sector. Emergent is early in shaping how software gets created and monetized over the next decade, not just the next product cycle, and its users are quick to share their success," said Khosla.

SoftBank Vision Fund 2 also highlighted barriers to building software as a key theme of the investment.

"Emergent is harnessing AI to unlock a massive wave of entrepreneurship by removing the technical and capital barriers that have historically limited who can build software," said Sarthak Misra, Partner, SoftBank Investment Advisers.

"We are excited to partner with Mukund, Madhav, and the Emergent team on a shared vision to help entrepreneurs worldwide turn ideas into businesses," said Misra.

Emergent said demand from entrepreneurs and small businesses continues to scale and said it expects the new funding to fund growth into 2026.