{"id":5930,"date":"2017-05-31T21:55:28","date_gmt":"2017-05-31T21:55:28","guid":{"rendered":"https:\/\/rsoftsolution.com\/blog\/salesforce-announces-50-million-fund-to-invest-in-cloud-consulting-startups.html"},"modified":"2017-05-31T21:55:28","modified_gmt":"2017-05-31T21:55:28","slug":"salesforce-announces-50-million-fund-to-invest-in-cloud-consulting-startups","status":"publish","type":"post","link":"https:\/\/www.rbsitsoftwaresolution.in\/blog\/salesforce-announces-50-million-fund-to-invest-in-cloud-consulting-startups.html","title":{"rendered":"Salesforce announces $50 million fund to invest in cloud consulting startups"},"content":{"rendered":"


\n<\/p>\n

Salesforce Ventures is announcing a $50 million fund to invest in \u201ccloud consulting\u201d startups. The corporate venture arm is making a special effort to finance companies that are synergistic to the tech giant\u2019s business. <\/span><\/p>\n

The team has a \u201cstrong commitment to our consulting partners to make sure that we continue to have the partners that we need to grow Salesforce solutions,\u201d said Matt Garratt of Salesforce Ventures.<\/span><\/p>\n

They\u2019ve already made a few investments from the new SI Trailblazer fund; <\/span>7Summits<\/span><\/a>, consulting for the social community space; <\/span>Arxxus<\/span><\/a>, an Australian provider of Salesforce professional services; and <\/span>ATG<\/span><\/a> for Quote-to-Cash implementation and advisory. <\/span><\/p>\n

\u201cThese are different businesses that other venture capital firms often don\u2019t invest in,\u201d said Garratt. It\u2019s \u201csuch a big opportunity that we are going to be placing multiple bets here.\u201d<\/span><\/p>\n

For the new initiative, they will be looking at existing Salesforce consulting partners and searching for new ones. <\/span>Neeracha Taychakhoonavudh, SVP of partner and industry innovation said she is looking to<\/span> \u201cfind opportunities from existing partners and putting together active campaigns to recruit new partners.\u201d<\/span><\/p>\n

In conjunction with the new fund, they are also launching the SI Trailblazer Alliance Initiative. This a comprehensive suite of services, including sales mentorship and help with implementing Salesforce solutions. <\/span><\/p>\n

Salesforce Ventures still plans to invest in a broader range of companies outside of this fund, ideally \u201centerprise cloud companies with the mandate of building the world\u2019s largest ecosystem,\u201d said Garratt. Exited <\/span>portfolio companies<\/span><\/a> include MuleSoft, Box and Twilio. Garratt claims they are the third-most active corporate venture firm in the U.S.<\/span><\/p>\n

<\/p>\n

Article source: http:\/\/feedproxy.google.com\/~r\/techcrunchIt\/~3\/lTRShGAkriE\/<\/p>","protected":false},"excerpt":{"rendered":"

Salesforce Ventures is announcing a $50 million fund to invest in \u201ccloud consulting\u201d startups. The corporate venture arm is making a special effort to finance companies that are synergistic to <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[19],"tags":[25],"class_list":["post-5930","post","type-post","status-publish","format-standard","hentry","category-enterprise-software","tag-enterprise"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t