Salesforce, the global leader in CRM, announced its second Impact Fund from Salesforce Ventures, the company’s global strategic investment arm. The new $100 million fund will accelerate the growth of cloud companies addressing some of today’s most pressing needs including education and reskilling, climate action, diversity, equity and inclusion, and providing tech for nonprofits and foundations.
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“Now more than ever, we believe business can be a powerful platform for change. We must leverage technology and invest in innovative ideas to drive the long-term health and wellness of all citizens, enable equal access to education and fuel impactful climate action,” said Suzanne DiBianca, Chief Impact Officer and EVP of Corporate Relations at Salesforce. “Through this new fund, Salesforce will invest in companies solving the world’s most pressing social and environmental challenges.”
“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.”
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Fueling Companies Driving Positive Social Change
The new fund will invest in companies delivering solutions that address today’s urgent and interwoven crises:
- Education + Workforce Development: Companies enabling equal access to high-quality education, reskilling and preparing workers for jobs of the future.
- Sustainability: Companies creating better access to clean energy, improving resource efficiency and supply chain performance and developing new technologies that will help address climate change.
- Diversity, Equity and Inclusion: Companies developing tools that promote equal opportunity and economic empowerment for women and underrepresented groups, as well as investing in women and underrepresented founders.
- Social Sector Technology: Companies amplifying impact for nonprofits, foundations and public sector customers through technology that increases efficiency and transparency.
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