Dealflow | January 28, 2021

Digital workflow platform ServiceNow launches $100 million racial equity fund

Roodgally Senatus
ImpactAlpha Editor

Roodgally Senatus

ImpactAlpha, January 28 — ServiceNow has launched a $100 million Racial Equity Fund to invest in “homeownership, entrepreneurship and neighborhood revitalization in Black communities.” The Bay Area company helps companies integrate online work streams, operations and employee- and customer-engagement. 

ServiceNow will buy up community loans to fuel more lending from local banks in cities like Chicago, Houston and Orlando. The fund is managed by RBC Global Asset Management’s impact investing group.