- October 13, 2020
- Posted by: biztechmgt
- Category: Funding trends
CRM giant Salesforce announced a second Impact Fund run by Salesforce Ventures, its global investment arm. The new $100m fund will back cloud companies working on access to education and reskilling, climate action, diversity, equity and inclusion, and providing tech for nonprofits.
Salesforce Ventures’ first impact fund, created in 2017, invested a total of $50m into 25 companies, which have served over 3 million students, and opened up access to new financial services for more than 4.8m individuals. The investor is the only one exclusively focused on backing enterprise cloud startups, and draws on its parent company to offer “value beyond just capital, including go-to-market advice and customer introductions”, according to Claudine Emeott, director of impact investing.
Find more coverage of impact finance around the world in our Frontier Finance collection.