Salesforce Ventures commits $100m to cloud computing start-ups

Investment arm of the cloud software firm wants to "empower the next generation" of enterprise cloud start-ups across Europe

Salesforce Ventures, the investment arm of cloud computing firm Salesforce, has pledged to invest $100m in European start-ups working on cloud innovation and customer relationship management.

With Europe’s public cloud software market forecast to grow to €33.3bn by 2019, portfolio companies will receive funding and support from Salesforce to bolster growth and capitalise on the market opportunities.

John Somorjai, executive vice president of Salesforce Ventures, commented:

“There is so much incredible innovation happening in Europe today and we want to empower the next generation of enterprise cloud start-ups in the region.

“Our $100m commitment strengthens our mission to help start-ups grow and give back to their communities.”

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