Saleforce.com to release it's second impact fund of $100 M to drive its social mission

Salesforce.com is a cloud based enterprise software for customer relationship management. It includes features such as customer service and support, marketing automation, digital commerce, industry-specific solutions as well as use of the salesforce platform. Salesforce.com just announced its second Impact Fund from Salesforce Ventures, the company's global strategic investment branch. The new $100 million fund will accelerate the growth of cloud companies addressing some of today's most pressing needs. "Salesforce Ventures not only invests in the most innovative cloud companies and founders globally, we lead with our values -- incorporating social responsibility, sustainability and diversity into our investment process," said John Somorjai, EVP of Corporate Development and Salesforce Ventures. "We want to support next-gen entrepreneurs developing solutions that drive digital transformation and customer success, and also improve the state of the world." This fund aims to tackle and create change in areas such as, education and workforce development, sustainability, diversity, equity and inclusion.

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Saleforce.com to release it's second impact fund of $100 M to drive its social mission

Oct 7, 2020

bullish

fundamentals Analysis

[1 min Read]

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Photo by: Clarisse Meyer

Salesforce.com is a cloud based enterprise software for customer relationship management. It includes features such as customer service and support, marketing automation, digital commerce, industry-specific solutions as well as use of the salesforce platform. Salesforce.com just announced its second Impact Fund from Salesforce Ventures, the company's global strategic investment branch. The new $100 million fund will accelerate the growth of cloud companies addressing some of today's most pressing needs. "Salesforce Ventures not only invests in the most innovative cloud companies and founders globally, we lead with our values -- incorporating social responsibility, sustainability and diversity into our investment process," said John Somorjai, EVP of Corporate Development and Salesforce Ventures. "We want to support next-gen entrepreneurs developing solutions that drive digital transformation and customer success, and also improve the state of the world." This fund aims to tackle and create change in areas such as, education and workforce development, sustainability, diversity, equity and inclusion.
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CRM

salesforce.com, inc.

170.71

-0.75
-0.44%

Return

-
Position Return %
0.00
Position Return
250.14
Price When Posted

Metrics

262.65
Target Price
8/ 10
Confidence
1-2 Months
Timeframe
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