Salesforce offers $50 million Salesforce Impact Fund

Salesforce announced $50 million Salesforce Impact Fund from Salesforce Ventures to accelerate the growth of companies using Salesforce technology.

“With the new Salesforce Impact Fund, Salesforce Ventures is investing in companies that are not only creating innovative solutions for customers, but also improving the state of the world,” said John Somorjai, EVP of Corporate Development and Salesforce Ventures, Salesforce.

The first funding recipients include Angaza, Ellevest, Hustleand ViridisLearning.

Angaza is a SaaS platform that enables manufacturers and distributors to make clean energy products more affordable to the world’s 1 billion off-grid consumers.

Ellevest is an investing platform designed for women that aims to solve the gender investment gap.

“We’re excited to receive an investment from the new Salesforce Impact Fund, given equality is one of Salesforce’s core values, and partner with them as we grow,” said Sallie Krawcheck, CEO and co-founder, Ellevest.

Hustle is a peer-to-peer text messaging platform enabling non-profits, educational institutions and advocacy groups to connect with donors and constituents at scale.

Viridis Learning is a human capital SaaS platform that uses machine learning and predictive analytics to facilitate career discovery, create career pathways and ensure learning aligns with 21st century workforce needs.

Salesforce Ventures invests in the next generation of enterprise technology to extend the power of the Salesforce Intelligent Customer Success Platform to help companies connect with their customers.

Salesforce Ventures has invested in more than 250 enterprise cloud startups in 14 different countries since 2009.

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