Customer relationship management (CRM) company HubSpot (NYSE:HUBS), a Cambridge, Mass.-based customer relationship management (CRM) platform for scaling companies, launched The CRM Platform Fund.
The $100m fund actively supports early- and growth-stage technology companies that are committed to helping their customers succeed.
HubSpot Ventures formally launched in 2018 as a $30m fund aimed at providing startups with the financial and educational resources needed to help them grow. This year alone, it made 12 investments in startups such as Clari, Descript, xentral, Goldcast, and Circle to address the evolving needs of its customer base. From revenue operations to ERP systems, these companies provide tools for customers with a wide range of complex use cases.
With the CRM Platform Fund, HubSpot is expanding its commitment to customer-first B2B software companies that use HubSpot CRM Platform and meet the following criteria:
- Are actively raising a funding round (seed through late stage)
- Align with HubSpot’s mission to help millions of organizations grow better
- Have potential to deliver unique value to the HubSpot community
- Are building a leading SaaS-based product
- Embody the values in HubSpot’s Customer Code and Culture Code
Today’s news follows HubSpot’s announcement last year that it committed $20 million to social impact investing, with the first allocation going to the Local Initiatives Support Corporation (LISC)’s Black Economic Development Fund.
FinSMEs
26/10/2021