Salesforce Ventures Launches New $50M Fund

Salesforce (NYSE: CRM), the global leader in CRM, announced a new $50m fund from Salesforce Ventures, the company’s corporate investment group.

The new SI (system integrator) Trailblazer Fund will be dedicated to the next-generation of cloud consulting firms, enabling them to accelerate their growth and drive greater customer success. In conjunction with the fund, Salesforce is also launching a new SI Trailblazer Alliance Initiative to provide portfolio companies with resources and training to build out their service capabilities for the future.

The new $50 million SI Trailblazer Fund will provide the next generation of cloud consulting companies with the capital required to build and scale their Salesforce services capabilities for the future.

New SI Trailblazer Fund investments include:
– 7Summits, an online community consulting partner focused on the social community space and the Salesforce Community Cloud, which will use the funds to further its growth plans.
– Arxxus, a provider of Salesforce professional services in Australia, which will leverage the funds to further expand its services capacity in the mid-market sector and its expertise in public sector.
– ATG, a provider of quote-to-cash (CPQ) advisory and implementation services, which will use the capital to continue providing CPQ and billing expertise, services, training and tools to Salesforce partners as they build their practices across North America, EMEA and APAC.



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