Zoom Video Communications, Inc., (NASDAQ: ZM), a San Jose, Calif.-based communications platform provider, a new $100m venture fund.
Zoom Apps Fund has been created to stimulate growth of Zoom’s ecosystem of Zoom Apps, integrations, developer platform, and hardware.
The fund will invest in developer partners with viable products and early market traction that will provide valuable and engaging experiences to our customers.
Portfolio companies will receive initial investments between $250,000 and $2.5 million to build solutions that will become core to how customers meet, communicate, and collaborate.
Zoom Apps, announced at Zoomtopia 2020, are leading applications that will bring productivity and engaging experiences directly into the company’s platform.