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Zoom Video Communications Launches $100 Million Fund for App Developers

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Zoom Video Communications (NASDAQ:ZM) is encouraging the development of third-party apps for its platform through a new investment vehicle. The company announced Monday it is launching the Zoom Apps Fund, a $100 million venture fund, for this purpose. Qualifying entities will receive initial investments of $250,000 to $2.5 million from the fund to build such solutions. ....

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Zoom launches $100 million fund for app developers

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. ....

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Zoom launches $100M venture fund

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. ....

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Zoom announces $100 Million Zoom Apps Fund

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Zoom to invest $100 million in companies developing third-party apps for its marketplace

Zoom to invest $100 million in companies developing third-party apps for its marketplace
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