Wednesday
October 7
2020

Salesforce Ventures Launches $100 Million Impact Fund To Invest in Cloud Startups With Social Mission

By Ron Miller

When Salesforce Ventures launched the first $50 million Impact Fund in 2017, it wanted to invest not only in promising cloud businesses, but startups with a socially positive mission. Today, the company launched the second Impact Fund, this time doubling its initial investment with a new $100 million fund.

The latest fund is also designed to help bring more investment into areas that the company feels need to be emphasized as a corporate citizen beyond pure business goals, including education and reskilling, climate action, diversity, equity and inclusion, and providing tech for nonprofits and foundations.

Photo courtesy of Myriams-Foto

Source: TechCrunch (link opens in a new window)

Categories
Entrepreneurship, Finance, Investing, Technology
Tags
business development, education, impact funds, skill development, social capital, social impact