Business, Internet, Investments

Salesforce Announces USD 100M Fund to Fuel Mobile Innovation

CRM software provider, Salesforce announced that Salesforce Ventures—the company’s global corporate investment group—has launched a new Salesforce1 Fund to fuel mobile innovation for the Internet of Customers. It has allocated USD 100 million to invest in companies that build mobile apps and connected products that extend the power of the Salesforce1 Platform.


See Also: IBM and Salesforce to invest huge in cloud

First wave of Salesforce1 Fund investments include:

DocuSign—DocuSign’s Digital Transaction Management (DTM) platform empowers mobile Salesforce users and their customers to go 100 percent digital so that anyone can transact anything, anytime, anywhere, on any mobile device securely – all from within Salesforce1.— is a fashion and technology brand that makes garments and accessories with functionality and untethered communications.— integrates core telephony features like Click-to-Call™ and Lead Management—powered by a predictive analytics engine—into any Salesforce1 mobile experience to make field reps more productive and accelerate sales.

Skuid—Skuid allows customers to quickly create powerful, gorgeous apps for any device without code.

“The Salesforce1 Fund will empower the most innovative startups in the industry to develop transformative technologies for’s customer platform,” said John Somorjai, EVP of Corporate Development and Strategy, “Our commitment to helping the next generation of startups grow and give back to their communities has never been stronger.” 

Apart from this, in July this year, has acquired California-based CRM startup, Relate IQ which offers ‘relationship intelligence platform’ that allows teams to track, share and analyze professional relationships for USD 390 million.

Till date, has invested in 64 companies and made 30 acquisitions including this latest one. It is backed by 8 investors and secured a total capital of USD 21 million in Series A, B & Seed round. The firm consists of 58 members in its team.

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