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Zoom Video Communications Launches $100 Million Fund for App Developers


Author Bio
Eric has been writing about stocks and finance since the mid-1990s, when he lived in Prague, Czech Republic. Over the course of a varied career, he has also been a radio newscaster, an investment banker, and a bass player in a selection of rock and roll bands. A native New Yorker, he currently lives in Los Angeles.
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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