Salesforce Will Invest Another $100 Million in Education and Social Companies

IBL News | New York

Salesforce announced this month a second $100 million fund to invest in companies of education, environment, and social diversity while providing tech for nonprofits and foundations.

Investments of the Impact Fund will be channeled through Salesforce Ventures, CRM’s leading company global strategic investment arm.

“Through this new fund, Salesforce will invest in companies solving the world’s most pressing social and environmental challenges,” said Suzanne DiBianca, Chief Impact Officer and EVP of Corporate Relations at Salesforce.

“We want to support next-gen entrepreneurs developing solutions that drive digital transformation and customer success, and also improve the state of the world, ” added John Somorjai, EVP of Corporate Development and Salesforce Ventures.

Regarding education and workforce training, the new fund will focus on “workforce development and companies enabling equal access to high-quality education, reskilling, and preparing workers for jobs of the future.”

Salesforce Ventures introduced its first $50 million Impact Fund in 2017. To date, it has invested in 25 companies, including AdmitHub, Andela, FutureFuel, Guild Education, Securly, and RaiseMe.