Small logo Subscribe to leading news on impact investing. Learn More
The Brief Originals Dealflow Signals The Impact Alpha Impact Voices Podcasts Agents of Impact Open
What's Next Measure Better Investing in Racial Equity Beyond Aid Beyond Trade-offs Impact en las Americas New Revivalists Women Rising in India Operation Impact
Smarter Money Women Rising 2030 Finance Locavesting Inclusive Economy Regeneration Impact Tech New Power Geographies
Slack Conference Calls Events Contribute
The Archive ImpactSpace The Accelerator Selection Tool Network Map
About Us FAQ Calendar Pricing and Payment Policy Privacy Policy Terms of Service Agreement Contact Us
Industry News Impact Management Good Business Personal Finance Faith and investing Billionaires
Gender Lens Investing Women Rising in India
SDGs Climate Finance Clean Energy Innovative Finance Full Stack Capital Long-termism
Opportunity Zones Investing in place
Entrepreneurship Return on Inclusion Good Jobs Inclusive Fintech Creative economy Housing New Schooled Well Being People on the Move
Conservation Finance Farmer Finance Financing Fish
Blockchain/AI/IoT Urban Tech Food Tech Inclusive Fintech
Human Rights Democracy and Peace News and Information
Africa Asia Europe Latin America Middle East Oceania/Australia China Canada India United Kingdom United States Growth Markets
Subscribe Log In

Salesforce stands up $50 million impact fund

Salesforce has launched a $50 million impact fund. The San Francisco cloud-computing company intends to use the fund to back social startups that use its products.

Already, the Salesforce Impact Fund has made its first round of investments: Hustle, a peer-to-peer messaging services for nonprofits (Salesforce took part in a recent $8 million funding round); Angaza, a software provider for clean-energy startups (Salesforce invested as part of its $10.5 million Series B round); Ellevest, a digital financial advisor geared towards women started last year by Sallie Krawcheck (Salesforce was part of a recent $34 million funding round); and Viridis, a career service that uses machine learning and predictive analytics.

Salesforce CEO Marc Benioff has been a champion of business as a force for good. The impact fund will be managed by Salesforce Ventures, the company’s venture arm, which since 2009 has invested more than 250 tech startups in 14 countries.

Omidyar Network issued a statement saying it “[looks] forward to continuing to provide support to and co-invest with [Salesforce’s] team.”

You might also like...