Friday
February 15
2019

Salesforce Builds $50 Million Impact Investing Portfolio

By Devin Thorpe

Suzanne DiBianca, chief philanthropy officer and executive vice president of corporate relations at Salesforce, was among the first employees at the company and has championed social impact from the beginning. Building a $50 million impact investing portfolio is her latest initiative.

She led the creation of Pledge 1%, an effort to get corporations, with Salesforce in the lead, to commit 1% of their equity, time, product or profit. More than 8,500 companies in 100 countries have joined the pledge, she says. Those companies have donated more than $250 million and even more in the value of product donations.

In that spirit, DiBianca has led the effort to build an impact investment portfolio within the larger Salesforce venture fund of more than $1 billion. She notes that Salesforce is typically a series A or B round investor and won’t lead deals.

Photo courtesy of John Twohig.

Source: Forbes (link opens in a new window)

Categories
Investing
Tags
impact investing, social impact, technology