Salesforce.com announced that the company’s global corporate investment group Salesforce Ventures has launched a new Salesforce1 Fund to invest in companies that build innovative mobile apps that work on the software provider’s platform.
Salesforce Ventures’ first dedicated fund has allocated $100 million for investments, with the first wave of those including digital document signing company DocuSign, wearable technology company i.am+, sales communications services provider InsideSales.com and app design tool provider Skuid.
Portfolio companies receiving funding will have access to Salesforce.com’s innovators and executives and the expertise of the Salesforce.com Foundation, incorporating its 1-1-1 business model of integrated philanthropy.
“The Salesforce1 Fund will empower the most innovative startups in the industry to develop transformative technologies for salesforce.com’s customer platform,” stated John Somorjai, executive vice president of corporate development and strategy at Salesforce.com. “Our commitment to helping the next generation of startups grow and give back to their communities has never been stronger.”
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