Salesforce Ventures Launches $100 Million Fund to Fuel Mobile Innovation

Today at TechCrunch Disrupt in San Francisco, Salesforce announced that Salesforce Ventures has launched the new Salesforce1 Fund to fuel mobile innovation for the “internet of customers.”

With its first dedicated fund, Salesforce Ventures has allocated $100 million to invest in companies building innovative mobile apps and connected products that extend the power of the Salesforce1 Platform.

The first wave of Salesforce1 Fund investments include DocuSign, i.am+, InsideSales.com and Skuid.

DocuSign’s “Digital Transaction Management platform” empowers mobile Salesforce users and their customers to go 100 percent digital so that anyone can transact anything, anytime, anywhere, on any mobile device securely. i.am+ is a fashion and technology brand that makes aspirational garments and accessories with functionality and untethered communications. InsideSales integrates core telephony features into any Salesforce1 mobile experience to make field reps more productive and accelerate sales. And Skuid allows customers to  create apps for any device without code.

“The Salesforce1 Fund will empower the most innovative startups in the industry to develop transformative technologies for salesforce.com’s customer platform,” said John Somorjai, EVP of Corporate Development and Strategy, Salesforce.

“Our commitment to helping the next generation of startups grow and give back to their communities has never been stronger,” he added.