Zoom CEO Eric Yuan hints that the fund was inspired by his own experience launching the video conferencing platform
Zoom has announced a $100 million (£71.5M) venture fund that aims to “stimulate growth” of the video conferencing platform’s ecosystem of Zoom Apps, as well as their integrations, developer platform, and hardware.
The newly launched fund will invest in developer partners with “an early market traction” who propose viable products with the potential to benefit the experience of Zoom users.
Chosen companies will be awarded initial investments of between $250,000 (£179,000) and $2.5 million (£1.8 million) to develop the new solutions to be used by Zoom customers.
Zoom launches $100M venture fund
Through this fund, the company will invest in portfolio companies looking to revolutionise the way Zoom customers meet, collaborate, and communicate on the platform.
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Zoom on Tuesday announced the launch of
Zoom Apps Fund, a new $100 million venture fund, created to stimulate growth of Zoom’s ecosystem of Zoom Apps, integrations, developer platform, and hardware.
Through this fund, the company will invest in portfolio companies looking to revolutionise the way Zoom customers meet, collaborate, and communicate on the platform.
Portfolio companies will receive initial investments between $250,000 and $2.5 million to build solutions that will become core to how Zoom customers meet, communicate, and collaborate, the company said in a statement.
Zoom announces $100-million Zoom Apps Fund
April 20, 2021
Fund created to “stimulate growth of Zoom Apps, integrations, developer platform and hardware”
Zoom Video Communications Inc. has announced a new Zoom Apps Fund to invest in Zoom developer partners.
The new $100-million venture fund has been created to “stimulate the growth of Zoom’s ecosystem of Zoom Apps, integrations, developer platform, and hardware,” the company has said in an official release.
The company, though this fund will invest in portfolio companies focusing on solutions around the way Zoom customers meet, collaborate, and communicate on the platform.
“Portfolio companies will receive initial investments between $250,000 and $2.5 million to build solutions that will become core to how Zoom customers meet, communicate, and collaborate,” the company said.
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