Salesforce Ventures, the corporate investment group of customer-relationship management software provider Salesforce.com, has announced the launch of the Salesforce Impact Fund, a $50 million initiative aimed at supporting companies that use Salesforce technology and are working to address challenges in the areas of workforce development, equality, sustainability, and social sector impact.
To that end, the fund will invest in companies that build products and solutions designed to ensure equal access to quality education and prepare students for the jobs of the future; promote equal opportunity and economic empowerment for women and underrepresented groups; create better access to clean energy, improve resource efficiency, and enhance supply chain performance; and/or are amplifying the efficiency and transparency of nonprofits.
Initial recipients of the fund's investments include Angaza, a SaaS platform that enables manufacturers and distributors to make clean energy products more affordable to the world's one billion off-grid consumers; Ellevest, an investing platform designed for women; Hustle, a peer-to-peer text messaging platform designed to help nonprofits, educational institutions, and advocacy groups connect with donors and constituents at scale; and Viridis Learning, a human capital SaaS platform that uses machine learning and predictive analytics to facilitate career discovery, develop career pathways, and ensure that learning is aligned with twenty-first-century workforce needs.
"At Salesforce, we've been committed to doing good as part of our business model since our founding and pioneering of the 1-1-1 model," said Suzanne DiBianca, the software company's executive vice president of corporate relations and chief philanthropy officer. "The Salesforce Impact Fund allows us to support a new generation of startups that are focused on driving positive social change."