Zoom launches $100M venture fund

Zoom launches $100M venture fund
Through this fund, the company will invest in portfolio companies looking to revolutionise the way Zoom customers meet, collaborate, and communicate on the platform.
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Zoom on Tuesday announced the launch of
Zoom Apps Fund, a new $100 million venture fund, created to stimulate growth of Zoom’s ecosystem of Zoom Apps, integrations, developer platform, and hardware. 
Through this fund, the company will invest in portfolio companies looking to revolutionise the way Zoom customers meet, collaborate, and communicate on the platform.
Portfolio companies will receive initial investments between $250,000 and $2.5 million to build solutions that will become core to how Zoom customers meet, communicate, and collaborate, the company said in a statement.

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